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 report sent to investors on Thursday morning,Benzinga reports. The firm currently has a $1,900.00 target price on the semiconductor manufacturer’s stock.

A number of other brokerages also recently commented on MU. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and increased their target price for the company from $470.00 to $1,250.00 in a report on Friday, August 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $2,000.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Wedbush restated an “outperform” rating and issued a $1,400.00 price target on shares of Micron Technology in a research note on Monday, September 28th. Finally, Mizuho lifted their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Up 2.5%

Shares of NASDAQ:MU opened at $877.55 on Thursday. Micron Technology has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The firm’s 50 day moving average price is $983.61 and its 200 day moving average price is $880.05. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock has a market cap of $992.88 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter in the previous year, the business posted $3.03 EPS. The firm’s revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts predict that Micron Technology will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. M.E. Allison & CO. Inc. boosted its stake in Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares during the period. Purus Wealth Management LLC raised its holdings in shares of Micron Technology by 1.4% in the third quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock valued at $867,000 after buying an additional 11 shares during the last quarter. Ables Iannone Moore & Associates Inc. raised its holdings in shares of Micron Technology by 5.3% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock valued at $252,000 after buying an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. raised its holdings in shares of Micron Technology by 5.6% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock valued at $243,000 after buying an additional 12 shares during the last quarter. Finally, Physician Wealth Advisors Inc. boosted its stake in shares of Micron Technology by 1.6% during the third quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer’s stock worth $812,000 after buying an additional 12 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Improved industry sentiment: A broad rebound in semiconductor stocks lifted Micron, SK Hynix and SanDisk as investors returned to AI and memory names following a sharp pullback. Why are Micron, SK Hynix, and SanDisk stocks climbing on Friday?
• Positive Sentiment: Favorable supply dynamics: SK Hynix’s decision to abandon a planned U.S. IPO for its Solidigm flash-memory unit could reduce concerns about additional NAND supply entering the market, potentially benefiting Micron and SanDisk. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Analyst and growth support: Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating. Analysts continue to point to Micron’s AI-driven HBM demand, improving margins and relatively low valuation as reasons for optimism. Micron earnings estimate update
• Neutral Sentiment: Strategic investment: Micron’s planned investment in U.S. critical-mineral processing supports its domestic supply-chain strategy, although the near-term financial impact is unclear. Micron critical-minerals investment
• Negative Sentiment: Technology execution risk: Micron’s next-generation memory architecture could improve data movement for AI processors, but placing more memory closer to computing units creates difficult cooling and heat-management challenges. Micron’s Next AI Memory Breakthrough Has a Cooling Problem
• Negative Sentiment: Insider selling and volatility: Recent filings show extensive insider selling with no reported open-market purchases, while technical commentary warns that the recovery remains fragile amid ongoing concerns about AI spending, interest rates and valuation.

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.