Rosenblatt Securities Reaffirms “Buy” Rating for Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reaffirmed by analysts at Rosenblatt Securities in a report released on Thursday, Benzinga reports. They currently have a $1,900.00 price objective on the semiconductor manufacturer’s stock. Rosenblatt Securities‘s price target would indicate a potential upside of 121.84% from the company’s previous close.

A number of other research firms also recently issued reports on MU. BMO Capital Markets reissued an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Phillip Securities upped their target price on shares of Micron Technology from $530.00 to $1,870.00 and gave the company a “buy” rating in a report on Monday, June 29th. JPMorgan Chase & Co. upped their target price on shares of Micron Technology from $550.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. TD Cowen reiterated a “buy” rating and issued a $1,600.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Finally, BNP Paribas Exane lifted their price target on shares of Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Stock Performance

Micron Technology stock traded down $57.18 during midday trading on Thursday, reaching $856.49. 31,798,462 shares of the company traded hands, compared to its average volume of 40,822,316. The firm has a market capitalization of $969.05 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. The business has a 50 day moving average of $987.36 and a two-hundred day moving average of $876.61. Micron Technology has a 12 month low of $192.59 and a 12 month high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter last year, the company posted $3.03 earnings per share. The firm’s quarterly revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts predict that Micron Technology will post 177.03 earnings per share for the current year.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, insider Scott Deboer sold 28,545 shares of Micron Technology stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the transaction, the insider owned 147,430 shares of the company’s stock, valued at $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 123,545 shares of company stock valued at $115,750,966 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MU. Bullseye Investment Management LLC bought a new position in shares of Micron Technology in the second quarter worth about $27,000. Aventus Investment Advisors Inc. bought a new stake in Micron Technology during the 3rd quarter valued at approximately $30,000. Steph & Co. purchased a new position in Micron Technology in the 3rd quarter worth approximately $31,000. Montgomery Financial Services LLC purchased a new position in Micron Technology in the 2nd quarter worth approximately $38,000. Finally, JNBA Financial Advisors lifted its holdings in Micron Technology by 77.3% in the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Micron’s latest results showed exceptional momentum: revenue rose 379% year over year to $54.23 billion, adjusted EPS reached $33.42, and management guided to approximately $61.5 billion in next-quarter revenue. Strong HBM and NAND demand, tight supply and customer commitments extending into 2027 support the long-term AI-memory growth story. Micron Posted a $54.23 Billion Quarter and Guided to $61.5 Billion for Next Quarter
• Positive Sentiment: Wedbush said Micron’s decision to pursue 3D DRAM rather than the competing 4F² architecture could preserve its manufacturing and technology advantage, with next-generation products planned for 2027. Micron Charts a Different Course on DRAM
• Positive Sentiment: Needham and Rosenblatt reaffirmed buy ratings with price targets of $1,650 and $1,900, respectively, implying substantial upside if the memory upcycle persists.
• Neutral Sentiment: Micron introduced a quarterly employee bonus tied to profits, while labor developments in Taiwan remain an important factor for production costs and operational continuity. Micron Introduces Quarterly Employee Bonus Tied to Profits
• Negative Sentiment: Investors are questioning whether AI spending can generate adequate returns, particularly as companies rely more heavily on debt financing. Higher rates and inflation are pressuring valuations across Nvidia, AMD, Micron and other AI-linked names.
• Negative Sentiment: Memory and storage stocks are experiencing heavier selling than the broader technology market after a major rally, raising profit-taking and cyclicality concerns. China’s CXMT is also advancing in server DRAM, creating a longer-term competitive risk.
• Negative Sentiment: An insider sale of 28,545 shares worth approximately $25.7 million and uncertainty surrounding Taiwan labor negotiations added to near-term investor caution.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.