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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a research report issued on Thursday, Benzinga reports. They currently have a $1,500.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities’ target price points to a potential upside of 39.94% from the stock’s current price.

MU has been the topic of a number of other reports. The Goldman Sachs Group upped their target price on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Citigroup boosted their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley raised their price objective on Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. Finally, Bank of America increased their price target on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $1,296.47.

Micron Technology Trading Down 2.2%

NASDAQ MU opened at $1,071.88 on Thursday. Micron Technology has a 52 week low of $154.65 and a 52 week high of $1,255.00. The stock’s 50 day moving average price is $935.77 and its two-hundred day moving average price is $790.50. The stock has a market capitalization of $1.21 trillion, a price-to-earnings ratio of 24.27, a PEG ratio of 0.69 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 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 firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the prior year, the firm posted $1.91 earnings per share. The business’s quarterly revenue was up 345.8% compared to the same quarter last year. As a group, analysts anticipate that Micron Technology will post 72.99 earnings per share for the current fiscal year.

Insider Activity at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lynn A. 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 directly owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 177,204 shares of company stock valued at $182,156,264. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Micron Technology

Large investors have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Micron Technology during the 1st quarter worth $27,000. Bullseye Investment Management LLC acquired a new position in Micron Technology in the second quarter valued at about $27,000. Bayban acquired a new position in Micron Technology in the fourth quarter valued at about $29,000. Financial Life Planners bought a new stake in Micron Technology during the first quarter worth about $36,000. Finally, Portus Wealth Advisors LLC bought a new stake in Micron Technology during the first quarter worth about $37,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Analyst support remains strong. Rosenblatt reaffirmed its Buy rating with a $1,500 price target, while Citi raised its target to $1,300 from $1,150, citing tighter DRAM supply and stronger pricing. UBS and Bank of America also maintained bullish views, pointing to sustained AI demand, long-term contracts and potential shareholder returns. What’s Going On With Micron Technology Stock Thursday?
• Positive Sentiment: The fundamental outlook remains favorable: analysts expect robust demand for high-bandwidth memory and data-center products, with supply constraints potentially supporting pricing into 2027. Micron’s upcoming earnings report is viewed as a major catalyst, particularly its revenue outlook, gross-margin trajectory and commentary on memory supply. Micron’s stock has become a battleground as the AI narrative shifts
• Neutral Sentiment: Micron has become a battleground stock after gaining sharply this year. The semiconductor sector’s pullback following a six-session advance and concerns that the AI-memory rally already discounts strong results are contributing to volatility ahead of earnings. What’s Going On With Micron Technology Stock Thursday?
• Negative Sentiment: Bearish risks include Wells Fargo’s lower price target, warnings that memory prices could peak earlier than expected, and Michael Burry’s expanded short position in Micron. China’s CXMT is also increasing competition in mobile DRAM, while additional industry capacity could eventually ease shortages and pressure margins. Micron’s Chip Shortage Expected to Deepen Into 2027 as Demand Surges

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.