DA Davidson Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price target lifted by DA Davidson from $2,100.00 to $3,000.00 in a report published on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other equities research analysts have also commented on MU. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a research report on Thursday, October 1st. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. William Blair set a $1,300.00 target price on Micron Technology in a research note on Thursday, October 1st. Arete Research raised their target price on shares of Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Citigroup lifted their price target on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Forty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Price Performance

Shares of MU stock opened at $1,088.00 on Wednesday. The company has a quick ratio of 2.94, a current ratio of 3.31 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. The firm has a fifty day moving average of $972.71 and a 200-day moving average of $836.22. The firm has a market capitalization of $1.23 trillion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 0.18 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.The firm’s revenue was up 379.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts forecast that Micron Technology will post 175.82 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott Allen sold 879 shares of the business’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 value of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was 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 the company’s stock in a transaction that occurred 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 directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is owned by insiders.

Institutional Trading of Micron Technology

A number of institutional investors have recently made changes to their positions in the business. Bullseye Investment Management LLC acquired a new position in shares of Micron Technology during the 2nd quarter worth about $27,000. Steph & Co. acquired a new stake in shares of Micron Technology in the third quarter valued at about $31,000. Montgomery Financial Services LLC acquired a new position in Micron Technology during the second quarter valued at approximately $38,000. JNBA Financial Advisors grew its stake in Micron Technology by 77.3% in the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 17 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in Micron Technology in the second quarter valued at approximately $46,000. Institutional investors 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: DA Davidson raised its price target to $3,000 from $2,100 and maintained a Buy rating, citing expectations that AI infrastructure demand will keep memory supply below demand through 2028. Why is Micron stock rising on Wednesday?
• Positive Sentiment: Investors are increasingly viewing Micron’s AI-related growth as more durable than a traditional memory cycle. More than 75% of fiscal 2027 shipments are reportedly committed, customers are discussing 2028 allocations, and data-center SSDs, DRAM and high-bandwidth memory are benefiting from expanding AI workloads. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Recent results reinforced the growth narrative: fiscal fourth-quarter revenue reached $54.23 billion and adjusted EPS was $33.42, while first-quarter fiscal 2027 guidance calls for $60 billion–$63 billion of revenue and $37.15–$39.15 of EPS. Tight supply, AI demand and potential future buybacks remain important supports. Micron’s profits surge as Meta’s AI spending accelerates
• Neutral Sentiment: Micron agreed to pay Netlist $600 million under a five-year patent license and settlement, resolving litigation but creating a significant cash expense. Micron Technology, Netlist Settle Patent Dispute for $600 Million
• Negative Sentiment: Workers at Micron’s Taiwan plants authorized a strike over bonus negotiations. No walkout has been announced, but Taiwan accounts for a substantial portion of production, creating execution and supply-disruption risk. Micron’s Taoyuan union in Taiwan secures authorisation to strike
• Negative Sentiment: Valuation and cycle concerns remain: skeptics warn that memory prices and gross margins may be nearing a peak as new capacity arrives, while some investors view the stock’s large multi-year rally as pricing in substantial future growth. Micron: The Memory Cycle Is Approaching Its Peak

Micron Technology Company Profile

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.