Erste Group Bank Has Positive Opinion of MU FY2028 Earnings

Micron Technology, Inc. (NASDAQ:MU) – Equities researchers at Erste Group Bank increased their FY2028 earnings per share (EPS) estimates for Micron Technology in a report released on Wednesday, October 21st. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will earn $201.26 per share for the year, up from their previous estimate of $199.05. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $177.03 per share.

A number of other brokerages have also recently weighed in on MU. Robert W. Baird increased their price target on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $2,000.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Arete Research upped their target price on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Micron Technology from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, October 12th. One 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’s stock. Based on data from MarketBeat.com, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $856.49 on Friday. The firm’s fifty day simple moving average is $985.49 and its 200-day simple moving average is $880.07. Micron Technology has a 12 month low of $192.59 and a 12 month high of $1,255.00. The stock has a market capitalization of $969.05 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.16 and a beta of 2.22. 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 announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 379.1% compared to the same quarter last year. During the same period last year, the firm posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS.

Micron Technology Announces Dividend

The business also recently declared 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 dividend payout ratio is 0.81%.

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction 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 transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott J. Deboer sold 28,545 shares of the business’s stock in a transaction 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 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 SEC filing for this sale provides additional information. Insiders sold 83,545 shares of company stock worth $78,460,850 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Institutional Trading of Micron Technology

Several hedge funds have recently made changes to their positions in the company. Andar Capital Management HK Ltd increased its stake in shares of 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 during the period. Primecap Management Co. CA purchased a new position in Micron Technology during the second quarter worth about $22,182,263,000. Bank of America Corp DE raised its holdings 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 purchasing an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new stake in Micron Technology in the second quarter valued at about $8,402,393,000. Finally, Wellington Management Group LLP lifted its position in Micron Technology by 28.7% in the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after purchasing an additional 1,125,414 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Micron’s latest results remain a major support: quarterly revenue reached $54.23 billion, up 379% year over year, while EPS exceeded estimates. Management’s roughly $61.5 billion next-quarter revenue outlook points to continued strength in HBM, DRAM and NAND demand. 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 technology advantage. ASML also expects memory demand to exceed supply through at least 2028, supporting the long-term shortage thesis. Micron charts a different course on DRAM, Wedbush says
• Positive Sentiment: Needham and Rosenblatt reaffirmed “buy” ratings with price targets of $1,650 and $1,900, respectively, arguing the stock’s valuation does not reflect its earnings growth and AI-memory position. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Neutral Sentiment: A one-day walkout at Micron’s Taiwan facility reflects employee demands for higher profit sharing. Reports indicate limited immediate production impact, but labor negotiations create a potential operational risk. Micron’s Taiwan Strike: A High-Stakes Fight Over AI Profits
• Negative Sentiment: The immediate selloff reflects rising oil prices, inflation and interest-rate concerns, alongside investor worries that AI spending has become excessive and that capital may become scarcer for data-center projects. Nvidia, AMD and other memory and storage stocks also declined, intensifying sector pressure. Why Micron Stock Is Falling Hard Today
• Negative Sentiment: An insider sold approximately $25.7 million of MU stock. The transaction may add to profit-taking concerns after Micron’s extraordinary 2026 rally, although one sale does not establish a change in business outlook. Micron Technology Insider Sells Stock

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.