FY2028 Earnings Estimate for MU Issued By Erste Group Bank

Micron Technology, Inc. (NASDAQ:MU) – Equities researchers at Erste Group Bank issued their FY2028 earnings estimates for Micron Technology in a report released on Thursday, October 8th. Erste Group Bank analyst H. Engel expects that the semiconductor manufacturer will post earnings per share of $199.05 for the year. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $175.82 per share.

Several other research analysts also recently weighed in on MU. Morgan Stanley restated an “overweight” rating and set a $1,200.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Mizuho increased their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, October 1st. Wolfe Research set a $1,500.00 price target on Micron Technology in a research note on Thursday, June 25th. Finally, Robert W. Baird raised their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a report on Monday, September 28th. One research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Performance

Shares of MU opened at $989.04 on Tuesday. Micron Technology has a 12 month low of $186.25 and a 12 month high of $1,255.00. The stock has a fifty day moving average price of $983.23 and a 200-day moving average price of $849.12. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.12 trillion, a PE ratio of 13.33, a P/E/G ratio of 0.18 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last released its quarterly 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. The business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS.

Institutional Trading of Micron Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd lifted its position 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 valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new stake in Micron Technology during the 2nd quarter worth about $22,182,263,000. Bank of America Corp DE grew its position in Micron Technology by 26.6% during the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after purchasing an additional 2,136,470 shares during the period. Invesco Ltd. grew its position in Micron Technology by 1.6% during the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock worth $2,790,522,000 after purchasing an additional 155,073 shares during the period. Finally, Legal & General Group Plc purchased a new position in shares of Micron Technology during the 2nd quarter valued at about $8,402,393,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott Allen sold 879 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 95,879 shares of company stock worth $90,939,466. Company insiders own 0.24% of the company’s stock.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s payout ratio is presently 0.81%.

More Micron Technology News

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

• Positive Sentiment: Micron increased its share-repurchase authorization to a record $35.16 billion, with buybacks expected to begin shortly. The plan signals management’s confidence in cash generation and could support earnings per share. Why Is Micron Stock Rising Today?
• Positive Sentiment: Micron’s latest results substantially exceeded expectations, with $54.23 billion in revenue and $33.42 in adjusted EPS, while revenue surged 379% year over year. Analysts remain optimistic about AI-related memory demand, tight DRAM supply and long-term customer agreements. One bullish analyst raised a price target to $3,000, while several research firms continue to rate MU favorably. Micron: More For Longer
• Neutral Sentiment: Despite the recent pullback, valuation screens continue to identify Micron as an attractive value and growth stock, with a low forward earnings multiple and strong earnings momentum. However, investor sentiment remains cautious after the stock’s substantial year-to-date advance. Micron Is a Top-Ranked Value Stock
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design aimed at server memory. The development has renewed concerns that Chinese competition could eventually pressure Micron’s pricing power, margins and market share. Micron Stock Falls on Competition From China Rival CXMT
• Negative Sentiment: Elon Musk’s warning regarding Chinese memory chips added to the market’s concerns, while a broader selloff in semiconductor shares and weakness in South Korean technology stocks amplified pressure on MU. Micron Stock Falls Again as Musk Issues Warning on Chinese Memory
• Negative Sentiment: Investors are also questioning whether AI infrastructure spending can remain strong after Australian data-center company Firmus canceled its IPO because of weak demand. Any slowdown in AI investment could reduce future demand for Micron’s high-value memory products. Nvidia and Micron Received Bad News From an Unlikely Place

Micron Technology Company Profile

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.