Erste Group Bank Has Bullish Estimate for MU FY2027 Earnings

Micron Technology, Inc. (NASDAQ:MU) – Equities researchers at Erste Group Bank upped their FY2027 EPS estimates for Micron Technology in a report issued on Friday, September 18th. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will post earnings per share of $156.41 for the year, up from their prior estimate of $154.09. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $72.98 per share.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share 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 company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the firm posted $1.91 EPS. Micron Technology’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company upped their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Zacks Research lowered Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Needham & Company LLC increased their target price on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,295.63.

Micron Technology Stock Performance

NASDAQ:MU opened at $1,043.49 on Monday. The company has a market cap of $1.18 trillion, a P/E ratio of 23.62, a P/E/G ratio of 0.64 and a beta of 2.22. The firm’s 50 day moving average is $930.16 and its two-hundred day moving average is $780.85. Micron Technology has a fifty-two week low of $154.65 and a fifty-two week high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given 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 of this dividend was Monday, July 6th. Micron Technology’s dividend payout ratio is currently 1.36%.

Insider Activity at Micron Technology

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction 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 sale, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 177,204 shares of company stock valued at $182,156,264 in the last ninety days. 0.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently bought and sold shares of MU. Heritage Trust Co lifted its stake in Micron Technology by 9.7% in the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after purchasing an additional 1,323 shares during the last quarter. Denali Advisors LLC bought a new stake in Micron Technology in the second quarter valued at approximately $7,364,000. Castleark Management LLC acquired a new stake in shares of Micron Technology in the first quarter valued at approximately $3,709,000. Oppenheimer & Co. Inc. boosted its stake in shares of Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after acquiring an additional 6,702 shares during the period. Finally, Legacy Wealth Management LLC MS increased its holdings in shares of Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after acquiring an additional 1,499 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Analyst optimism ahead of earnings: Stifel maintained a Buy rating and set a $1,500 price target, citing Micron’s pricing power, supply constraints, and margin strength. Wall Street expects another earnings beat, although potentially smaller than the previous quarter’s surprise. Why is Micron stock gaining today?
• Positive Sentiment: AI demand remains a major tailwind: Strong spending on data centers is driving demand for high-bandwidth memory (HBM) and DRAM. Reports indicate Micron’s HBM capacity is sold out through 2027, while take-or-pay agreements and enterprise adoption are improving revenue visibility.
• Positive Sentiment: Favorable earnings and valuation expectations: Analysts anticipate record fiscal fourth-quarter results, supported by higher memory prices, expanding margins, and positive EPS revisions. Bullish estimates point to significant fiscal 2027 earnings growth, with some analysts raising price targets as high as $2,050.
• Positive Sentiment: Sector and product momentum: Micron participated in a broader semiconductor rally and received additional attention after the launch of advanced memory technology ahead of earnings. Options activity also reflected expectations for a substantial post-earnings move.
• Neutral Sentiment: Potential stock split discussion: Micron’s return above the $1,000 level has prompted speculation about a stock split. However, a split would improve trading accessibility without changing the company’s underlying value or fundamentals. Micron Stock Is Back Above $1,000. Is a Stock Split Coming?
• Negative Sentiment: China competition is a longer-term risk: China’s CXMT says it has begun mass production of fifth-generation DRAM, potentially improving domestic supply and challenging Micron, Samsung, and SK Hynix. Greater competition could eventually pressure pricing, margins, and market share.
• Negative Sentiment: High expectations increase volatility: Micron has already rallied sharply, leaving the stock vulnerable if September 30 results or guidance fail to exceed elevated expectations. The cyclical nature of memory markets remains a concern despite current supply shortages.

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.