Micron Technology (NASDAQ:MU) Earns “Buy” Rating from Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by equities research analysts at Rosenblatt Securities in a research note issued to investors on Thursday, Benzinga reports. They presently have a $1,500.00 target price on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 40.83% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Susquehanna raised their price target on Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a report on Thursday, June 25th. TD Cowen reaffirmed a “buy” rating and issued a $1,600.00 price target (up from $1,500.00) on shares of Micron Technology in a report on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Finally, Bank of America raised their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,348.03.

Micron Technology Stock Performance

Shares of Micron Technology stock traded up $0.03 during trading on Thursday, hitting $1,065.11. 30,182,194 shares of the company’s stock traded hands, compared to its average volume of 41,938,227. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock has a market capitalization of $1.20 trillion, a P/E ratio of 24.11, a PEG ratio of 0.66 and a beta of 2.22. The business has a 50-day simple moving average of $952.75 and a 200-day simple moving average of $814.16. Micron Technology has a 1 year low of $165.50 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.19 earnings per share for the quarter, beating analysts’ consensus estimates of $31.72 by $1.47. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts forecast that Micron Technology will post 73.08 EPS for the current year.

Insider Buying and Selling

In other news, CAO Scott Allen sold 879 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

Several large investors have recently added to or reduced their stakes in the business. Andar Capital Management HK Ltd increased its position in shares of Micron Technology by 856,960.3% in the 2nd 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 last quarter. Norges Bank purchased a new stake in shares of Micron Technology in the fourth quarter valued at about $6,433,456,000. Primecap Management Co. CA purchased a new position in shares of Micron Technology in the 2nd quarter valued at approximately $22,182,263,000. Bank of America Corp DE increased its stake in shares of 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 acquiring an additional 2,136,470 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Micron Technology by 1.6% in the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after buying an additional 155,073 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Key Micron Technology News

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

• Positive Sentiment: Results beat expectations: Micron reported adjusted earnings of $33.19 per share, exceeding the $31.72 consensus estimate, while revenue reached $54.23 billion versus expectations of $51.07 billion. Net margin was 55.91% and return on equity was 71.13%. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Above-consensus guidance: Micron forecast fiscal first-quarter 2027 revenue of $60 billion to $63 billion, well above the $57.2 billion consensus, and EPS of $37.15 to $39.15 versus expectations of $35.36. The outlook suggests AI-related memory demand and supply tightness will continue. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: AI demand remains the central catalyst: Record results were attributed to surging data-center demand, including high-bandwidth memory used in AI systems. Micron is the only U.S.-based producer of this critical AI memory category, strengthening its strategic position. Micron Technology reports record fiscal fourth-quarter and full-year results
• Neutral Sentiment: Expectations and volatility are elevated: MU has already experienced an extraordinary rally, and options markets were pricing in a large post-earnings move. Even a strong report could prompt profit-taking if investors view the guidance as insufficient relative to the stock’s valuation and momentum. Expected Micron stock move after earnings
• Negative Sentiment: Key risks remain: Analysts have warned that cooling memory-price momentum, increasing non-AI DRAM supply from China, cyclical demand and potentially weaker pricing power could pressure future margins. Netlist also filed a complaint seeking to block imports of certain Micron chips used in AI products, creating a legal and trade risk. Netlist seeks U.S. import ban on Micron chips

About Micron Technology

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.