Micron Technology’s (MU) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Micron Technology (NASDAQ:MU) in a research note released on Thursday morning,Benzinga reports. The firm currently has a $1,500.00 price target on the semiconductor manufacturer’s stock.

Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of Micron Technology in a research report on Friday, September 18th. KeyCorp restated an “overweight” rating and issued a $1,750.00 price target (up from $1,600.00) on shares of Micron Technology in a research note on Monday, July 20th. ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. Finally, Citigroup increased their price objective on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,341.87.

Micron Technology Trading Up 0.2%

NASDAQ:MU opened at $1,082.28 on Thursday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.22 trillion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 0.68 and a beta of 2.22. The stock has a fifty day moving average price of $944.98 and a 200 day moving average price of $797.50. Micron Technology has a 12-month low of $155.18 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter last year, the business posted $1.91 EPS. The business’s quarterly revenue was up 345.8% compared to the same quarter last year. Sell-side analysts anticipate that Micron Technology will post 72.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lynn Dugle sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the transaction, the director owned 17,728 shares in the company, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 137,179 shares of company stock valued at $135,792,625 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Andar Capital Management HK Ltd grew its holdings 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 buying an additional 34,278,413 shares during the last quarter. Norges Bank purchased a new stake in Micron Technology during the 4th quarter valued at approximately $6,433,456,000. Primecap Management Co. CA acquired a new stake in Micron Technology during the 2nd quarter worth approximately $22,182,263,000. Bank of America Corp DE lifted 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 acquiring an additional 2,136,470 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Micron Technology by 1.6% in the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after purchasing an additional 155,073 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Analysts remain highly optimistic ahead of earnings. Rosenblatt reaffirmed a Buy rating and a $1,500 price target, while UBS maintained a $1,625 target, citing rising earnings, stock buybacks and potentially durable profits from long-term contracts. Analyst sets Micron stock price target
• Positive Sentiment: Wall Street expects a sharp year-over-year increase in fourth-quarter revenue and adjusted earnings, with forecasts near $31.50 per share. Analysts expect AI-driven memory demand, favorable supply-demand conditions and higher prices to support a potential “beat-and-raise” quarter. Micron likely to beat Q4 earnings estimates
• Positive Sentiment: Technical indicators are signaling a strong bullish setup, and broader market conditions—including easing oil prices and lower Treasury yields—also helped support semiconductor shares. Why Micron stock is rising ahead of earnings
• Neutral Sentiment: Investors will focus on gross-margin and capital-spending guidance, as well as management’s outlook for memory pricing and AI demand. These metrics could determine whether the stock’s substantial rally can continue. Two numbers to watch in Micron earnings
• Negative Sentiment: Valuation and volatility remain risks after MU’s dramatic advance. Some analysts argue that AI growth may already be reflected in the share price, while NVIDIA offers broader AI exposure, higher margins and stronger return on equity. Micron versus NVIDIA
• Negative Sentiment: Potential headwinds include the cyclical nature of memory markets, the possibility that China increases supply and pricing pressure, and an ITC investigation involving Netlist patent-infringement claims that could seek import restrictions. China memory pricing concerns

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.