Micron Technology (NASDAQ:MU) Stock Keeps Buy Rating at Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by Rosenblatt Securities in a research report issued on Thursday, Benzinga reports. They presently have a $1,900.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities‘s price target would indicate a potential upside of 120.59% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. BNP Paribas Exane increased their target price on Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. DA Davidson increased their target price on Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. ThinkEquity reissued a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Finally, Citigroup increased their target price on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Performance

Shares of NASDAQ MU traded down $52.36 during trading on Thursday, reaching $861.31. 21,956,071 shares of the company traded hands, compared to its average volume of 40,768,438. The firm has a 50 day simple moving average of $987.36 and a 200-day simple moving average of $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. The stock has a market capitalization of $974.50 billion, a PE ratio of 11.60, a P/E/G ratio of 0.16 and a beta of 2.22. Micron Technology has a 52-week low of $192.59 and a 52-week high of $1,255.00.

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

Insider Transactions at Micron Technology

In other Micron Technology news, insider Scott J. Deboer sold 28,545 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 147,430 shares in the company, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sold 123,545 shares of company stock worth $115,750,966 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Hedge funds have recently modified their holdings of the company. Bullseye Investment Management LLC bought a new position in shares of Micron Technology in the second quarter worth approximately $27,000. Aventus Investment Advisors Inc. purchased a new position in Micron Technology in the 3rd quarter worth 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. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Roundup

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

Micron Technology Company Profile

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.