Micron Technology, Inc. (NASDAQ:MU) Stock Has Consensus Target Price of $1,407.88

Shares of Micron Technology, Inc. (NASDAQ:MU) have received an average recommendation of “Moderate Buy” from the forty-six brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, forty-one have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $1,407.88.

A number of analysts have recently commented on the company. Daiwa Securities Group upped their price objective on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a report on Friday, July 17th. William Blair set a $1,300.00 target price on Micron Technology in a report on Thursday, October 1st. Robert W. Baird boosted their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Weiss Ratings upgraded Micron Technology from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, October 12th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st.

Micron Technology Trading Up 3.0%

Shares of Micron Technology stock opened at $904.90 on Tuesday. The company has a 50-day moving average of $986.76 and a two-hundred day moving average of $869.04. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.02 trillion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.15 and a beta of 2.22. Micron Technology has a 12-month low of $192.40 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the prior year, the company earned $3.03 earnings per share. Micron Technology’s revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts anticipate that Micron Technology will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Micron Technology News Summary

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

• Positive Sentiment: Micron announced an investment with Indium Corporation to expand critical-minerals processing and high-purity materials manufacturing in New York. The project is part of Micron’s up-to-$3 billion U.S. supply-chain initiative and could improve domestic access to materials needed for advanced memory production. Micron Invests in New York Critical Minerals Processing With Indium Corporation
• Positive Sentiment: Analysts remain bullish on Micron’s earnings outlook, citing elevated memory prices, tight supply-demand conditions and strong AI data-center demand. Recent results significantly exceeded expectations, with revenue up sharply year over year, while first-quarter fiscal 2027 guidance points to continued momentum. Micron: Significant Upside Potential, But Not Without Risks
• Neutral Sentiment: Micron briefly returned to a $1 trillion market capitalization without a new earnings report or company announcement. The move appears to reflect fund positioning and broader semiconductor-market sentiment, making it potentially reversible. Wall Street Gave Micron Back Its $1 Trillion Crown Just One Session Later
• Negative Sentiment: A union at Micron’s Taoyuan facility in Taiwan plans to strike on October 22 over a bonus dispute. Because Taiwan hosts a significant portion of Micron’s DRAM production, a prolonged walkout could create operational and supply risks. Micron Union in Taiwan to Launch Strike as Bonus Dispute Escalates
• Negative Sentiment: Semiconductor shares remain under pressure as investors question whether AI infrastructure spending and elevated valuations can be sustained. Micron is particularly sensitive because its earnings are tied to cyclical memory pricing and continued AI demand. Micron Stock Falls Amid Three Warning Signals
• Negative Sentiment: Investors are also questioning how long Micron’s earnings boom can last once new factories come online, competitors respond and AI spending normalizes. Those concerns are prompting comparisons with lower-valued or faster-growing memory rivals such as SK Hynix and SanDisk. Micron Looks Cheap at 5 Times Forward Earnings. Can Its Profit Boom Last?

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 transaction 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. The trade was a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Micron Technology

A number of hedge funds have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Micron Technology in the 1st quarter worth $27,000. Bullseye Investment Management LLC purchased a new stake in Micron Technology during the second quarter valued at about $27,000. Bayban purchased a new stake in Micron Technology during the fourth quarter valued at about $29,000. Aventus Investment Advisors Inc. acquired a new position in shares of Micron Technology in the third quarter worth about $30,000. Finally, Steph & Co. acquired a new position in shares of Micron Technology in the third quarter worth about $31,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Company Profile

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.