Micron Technology (NASDAQ:MU) Price Target Raised to $1,900.00

Micron Technology (NASDAQ:MU) had its target price lifted by Rosenblatt Securities from $1,500.00 to $1,900.00 in a report released on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the semiconductor manufacturer’s stock.

Several other research firms have also recently weighed in on MU. Daiwa Securities Group boosted their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. President Capital raised their target price on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Susquehanna reaffirmed a “positive” rating on shares of Micron Technology in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Micron Technology in a research note on Thursday. Finally, Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a report on Thursday. Forty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,385.93.

Micron Technology Trading Down 2.1%

NASDAQ:MU opened at $1,074.89 on Thursday. The company has a 50-day moving average price of $957.97 and a 200-day moving average price of $820.68. The stock has a market cap of $1.21 trillion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 0.67 and a beta of 2.22. The company has a current ratio of 3.31, a quick ratio of 2.98 and a debt-to-equity ratio of 0.03. Micron Technology has a 12 month low of $179.61 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.The company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the prior year, the firm earned $3.03 earnings per share. The firm’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts predict that Micron Technology will post 165.51 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology 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 in the company, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,879 shares of company stock worth $90,939,466 in the last quarter. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

Several large investors have recently bought and sold shares of MU. Silverleafe Capital Partners LLC increased its holdings in shares of Micron Technology by 8.2% in the 3rd quarter. Silverleafe Capital Partners LLC now owns 5,742 shares of the semiconductor manufacturer’s stock worth $6,116,000 after buying an additional 435 shares during the last quarter. First Citizens Financial Corp lifted its holdings in shares of Micron Technology by 15.1% in the 3rd quarter. First Citizens Financial Corp now owns 221 shares of the semiconductor manufacturer’s stock valued at $235,000 after acquiring an additional 29 shares during the last quarter. Polaris Financial Partners purchased a new position in Micron Technology in the third quarter worth about $6,077,000. Boltwood Capital Management grew its position in Micron Technology by 66.8% in the third quarter. Boltwood Capital Management now owns 759 shares of the semiconductor manufacturer’s stock worth $808,000 after acquiring an additional 304 shares in the last quarter. Finally, CX Institutional grew its position in Micron Technology by 307.6% in the third quarter. CX Institutional now owns 29,635 shares of the semiconductor manufacturer’s stock worth $31,564,000 after acquiring an additional 22,365 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Record earnings and stronger guidance: Micron reported $54.23 billion in quarterly revenue, up 379% year over year, and adjusted EPS of $33.42, exceeding expectations. Its fiscal Q1 2027 outlook—approximately $61.5 billion in revenue and $38.15 in adjusted EPS at the midpoint—also topped analyst forecasts. Micron Technology Tops Lofty Fiscal Q4 Goals, Guides Above Views
• Positive Sentiment: AI demand remains powerful: High-bandwidth memory, data-center products and NAND pricing drove the results, while management said more than 75% of 2027 output is already committed. Customer discussions are extending into 2028, supporting expectations for sustained tight supply and pricing power. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Visibility and capital returns: Strategic customer agreements cover more than 35% of projected 2030 revenue, backed by roughly $32 billion in customer commitments. Micron also plans to increase share repurchases after reaching its cash target, potentially providing an additional catalyst. Micron Plans to Put Its Excess Cash Into Buybacks
• Positive Sentiment: Analyst optimism: Several firms raised targets, including DA Davidson at $2,100, Cantor Fitzgerald at $2,000 and Rosenblatt at $1,900, citing a potentially longer AI memory cycle.
• Neutral Sentiment: Longer-term opportunities: Micron sees additional memory demand from humanoid robots, autonomous vehicles and other “physical AI” applications later this decade. The company also declared a $0.15 quarterly dividend, with October 14 the ex-dividend date.
• Negative Sentiment: Cycle and margin concerns are limiting the reaction: Investors worry that current pricing and the 87% gross margin are unsustainably high for a cyclical semiconductor business. Analysts caution that additional industry capacity or slowing memory prices in 2027 could pressure earnings.
• Negative Sentiment: Expectations are elevated: After a dramatic rally, even a major beat has produced profit-taking. Heavy planned capital spending, broader market pressure from rising Treasury yields and a bearish options position disclosed by Michael Burry are adding volatility.

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.