Micron Technology’s (MU) “Buy” Rating Reiterated at Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by Rosenblatt Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $1,900.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 100.15% from the stock’s previous close.

Other research analysts have also issued reports about the company. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Citigroup boosted their price objective on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Morgan Stanley restated an “overweight” rating and set a $1,200.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Mizuho boosted their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, October 1st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Performance

Shares of MU stock traded down $39.76 during trading hours on Tuesday, reaching $949.28. 7,917,446 shares of the company’s stock were exchanged, compared to its average volume of 41,166,090. Micron Technology has a fifty-two week low of $186.25 and a fifty-two week high of $1,255.00. The stock has a market capitalization of $1.07 trillion, a P/E ratio of 12.79, a P/E/G ratio of 0.18 and a beta of 2.22. The business has a fifty day moving average price of $983.23 and a 200-day moving average price of $849.12. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the company earned $3.03 earnings per share. The company’s quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts predict that Micron Technology will post 175.82 EPS for the current fiscal year.

Insider Activity

In other news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 95,879 shares of company stock worth $90,939,466. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Andar Capital Management HK Ltd raised its stake in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new position in Micron Technology during the second quarter worth $22,182,263,000. Bank of America Corp DE raised its stake in Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after acquiring an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new position in Micron Technology during the second quarter worth $8,402,393,000. Finally, Wellington Management Group LLP raised its stake in Micron Technology by 28.7% during the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock worth $5,823,556,000 after acquiring an additional 1,125,414 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology News Roundup

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron authorized a record $35.16 billion share-repurchase program, with purchases expected to begin soon. The buyback signals management confidence, could support earnings per share and may cushion the stock after its recent pullback. Why Is Micron Stock Rising Today?
• Positive Sentiment: Recent results highlighted the strength of the AI-memory cycle: fiscal fourth-quarter revenue reached $54.23 billion, versus $11.32 billion a year earlier, while EPS of $33.42 exceeded the $31.77 consensus estimate. Long-term customer agreements, pricing protections and continued sequential growth guidance reinforce the bullish thesis. Micron: More For Longer
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while Erste Group expects fiscal 2028 EPS of $199.05, above the current-year consensus estimate of $175.82. D.A. Davidson has an even more aggressive $3,000 target, underscoring expectations that AI demand could make the upcycle last longer than traditional memory booms.
• Neutral Sentiment: At roughly six times forward earnings, MU appears inexpensive if current AI-driven profitability persists. However, the valuation also reflects investor concern that memory pricing and margins may eventually peak.
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design aimed at server memory. Investors fear the technology could challenge Micron’s most profitable products, weaken pricing power and accelerate competition in a market currently benefiting from tight supply. Micron Fell Nearly 4% in a Day as China’s CXMT Targeted Server Memory
• Negative Sentiment: Additional concerns include potential Taiwan strike-related disruption, broader semiconductor weakness and signs that funding demand for AI infrastructure may be softening. These risks are causing investors to question whether Micron’s exceptional earnings growth represents a permanent structural shift or a late-cycle peak.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.