Micron Technology (NASDAQ:MU) Given “Buy” Rating at Rosenblatt Securities

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

A number of other brokerages have also issued reports on MU. BMO Capital Markets began coverage on Micron Technology in a research report on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 target price on the stock. TD Cowen reissued a “buy” rating on shares of Micron Technology in a research report on Wednesday, September 16th. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Susquehanna lifted their price target on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research note on Thursday, June 25th. Finally, Raymond James Financial increased their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Three equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $1,296.47.

Micron Technology Trading Down 2.2%

NASDAQ:MU opened at $1,071.88 on Thursday. The business’s 50-day simple moving average is $935.77 and its 200-day simple moving average is $790.50. 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 debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock has a market capitalization of $1.21 trillion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 0.69 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last released 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 net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the prior year, the company earned $1.91 earnings per share. The business’s quarterly revenue was up 345.8% compared to the same quarter last year. Sell-side analysts expect that Micron Technology will post 72.99 earnings per share for the current fiscal year.

Insider Activity at Micron Technology

In related news, CAO Scott Allen sold 879 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology 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 completion of the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 177,204 shares of company stock worth $182,156,264 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors have recently modified their holdings of MU. Andar Capital Management HK Ltd boosted its holdings in 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 purchasing an additional 34,278,413 shares during the last quarter. Norges Bank bought a new position in Micron Technology in the 4th quarter valued at $6,433,456,000. Primecap Management Co. CA bought a new stake in shares of Micron Technology during the 2nd quarter worth $22,182,263,000. Legal & General Group Plc purchased a new position in shares of Micron Technology in the 2nd quarter worth about $8,402,393,000. Finally, Situational Awareness LP grew its position in Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after buying an additional 5,289,124 shares during the period. Institutional investors and hedge funds 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: Analysts remain broadly bullish. Citi raised its price target on Micron Technology (MU) from $1,150 to $1,300, citing stronger DRAM pricing and an undersupplied market. Bank of America and UBS also maintained Buy ratings, pointing to sustained AI demand, improving pricing and potential shareholder returns. Micron Technology target lifted by Citi
• Positive Sentiment: AI demand may keep memory supply tight into 2027. UBS expects Micron’s chip shortage to deepen as data-center and high-bandwidth-memory demand rises. Long-term supply contracts could also support margins even if spot memory prices moderate. Micron chip shortage outlook
• Positive Sentiment: Earnings expectations remain elevated. Investors are focused on whether Micron can sustain gross margins near the mid-80% range through fiscal 2027 and validate the AI-memory growth thesis. A strong report, outlook or pricing commentary could become the next major catalyst. Micron analyst outlook
• Neutral Sentiment: Wall Street views are increasingly divided. Micron has become a battleground over whether AI demand represents a durable structural shift or another cyclical memory boom. Some analysts see substantial upside, while others warn that much of the optimism is already reflected in the valuation. Micron stock becomes a battleground
• Negative Sentiment: Michael Burry’s expanded short position is weighing on sentiment. Burry argues that rising semiconductor production could ease supply constraints and pressure memory prices, directly challenging the bullish AI narrative. Michael Burry expands semiconductor shorts
• Negative Sentiment: Chinese competition and cycle risks remain important. CXMT has begun mass-producing a denser 24-gigabit mobile DRAM product, raising long-term supply concerns, although it reportedly lacks Micron’s yields, HBM capabilities and global customer acceptance. Investors are also watching for early memory-price peaks and a potential margin decline. China adds memory competitor

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.