Micron Technology (NASDAQ:MU) Stock Rating Reaffirmed as Buy by Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a report issued 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 120.56% from the company’s previous close.

A number of other research firms have also recently commented on MU. DA Davidson boosted their price target on Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. BNP Paribas Exane increased their price target on Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. TD Cowen restated a “buy” rating and set a $1,600.00 price target on shares of Micron Technology in a report on Thursday, October 1st. Daiwa Securities Group lifted their price objective on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Wells Fargo & Company decreased their price objective on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Price Performance

NASDAQ MU traded down $52.24 during trading hours on Thursday, reaching $861.43. The company’s stock had a trading volume of 19,050,478 shares, compared to its average volume of 40,755,590. The firm’s 50-day moving average price is $987.36 and its 200-day moving average price is $876.61. 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 has a 1 year low of $192.59 and a 1 year high of $1,255.00. The company has a market capitalization of $974.64 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.16 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted 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 for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the previous year, the firm earned $3.03 EPS. The firm’s 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. On average, equities research analysts predict that Micron Technology will post 177.03 EPS for the current fiscal year.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott J. Deboer sold 28,545 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the sale, the insider owned 147,430 shares in the company, valued at $132,687,000. The trade was a 16.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 123,545 shares of company stock worth $115,750,966 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Andar Capital Management HK Ltd lifted its stake in Micron Technology by 856,960.3% in 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 purchasing an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Micron Technology during the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc bought a new position in shares of Micron Technology during the second quarter valued at approximately $8,402,393,000. Situational Awareness LP raised its holdings in shares of Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after buying an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Micron Technology during the 2nd quarter worth approximately $3,761,237,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron reported fiscal fourth-quarter revenue of $54.23 billion, up 379% year over year, and adjusted earnings per share of $33.42, exceeding expectations. Management guided to approximately $61.5 billion in next-quarter revenue, while demand for high-bandwidth memory (HBM), DRAM and NAND remains strong and customer capacity is reportedly booked into 2027. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Wedbush said Micron’s decision to bypass the competing 4F² DRAM architecture and pursue 3D DRAM could preserve its manufacturing and technology advantage, with next-generation products planned for 2027. Micron Charts a Different Course on DRAM
• Positive Sentiment: Rosenblatt and Needham reaffirmed “buy” ratings with price targets of $1,900 and $1,650, respectively. Analysts cite tight memory supply, higher contract prices, strong AI demand and Micron’s potential $35 billion share-repurchase authorization as catalysts. Micron Stock Moves Higher
• Neutral Sentiment: A one-day strike at Micron’s Taoyuan, Taiwan facility involves a bonus and profit-sharing dispute. A separate agreement at the larger Taichung site and the limited duration reduce immediate production risk, but investors will monitor whether labor costs pressure future margins. Micron’s Taiwan Strike
• Negative Sentiment: The broader AI trade is under pressure as investors question whether hyperscalers’ planned infrastructure spending can earn adequate returns. This sector-wide risk is weighing on Micron even after its earnings beat. Nvidia, AMD and Micron Fall Sharply
• Negative Sentiment: Investors also face longer-term concerns about elevated cyclical margins, competition from China’s CXMT and an insider sale of 28,545 shares by Chief Technology Officer Scott DeBoer. These factors reinforce worries about valuation and future pricing power. Micron Insider Share Sale

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.