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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research note issued on Thursday, Benzinga reports. They presently have a $1,500.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective suggests a potential upside of 42.36% from the company’s current price.

A number of other equities analysts also recently commented on MU. TD Cowen restated a “buy” rating on shares of Micron Technology in a report on Wednesday, September 16th. Zacks Research downgraded Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Wells Fargo & Company dropped their price objective on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Barclays increased their price objective on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” 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 given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $1,296.47.

Micron Technology Stock Down 1.7%

NASDAQ:MU traded down $18.24 during mid-day trading on Thursday, reaching $1,053.64. The stock had a trading volume of 4,598,132 shares, compared to its average volume of 42,243,910. The business’s 50 day moving average is $935.77 and its 200 day 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 stock has a market cap of $1.19 trillion, a P/E ratio of 23.76, a PEG ratio of 0.69 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. The firm’s revenue was up 345.8% on a year-over-year basis. As a group, sell-side analysts predict that Micron Technology will post 72.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% 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 valued at $182,156,264 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MU. QRG Capital Management Inc. lifted its holdings in shares of Micron Technology by 5.0% during the second quarter. QRG Capital Management Inc. now owns 216,617 shares of the semiconductor manufacturer’s stock valued at $250,039,000 after acquiring an additional 10,384 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Micron Technology by 317.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 39,606 shares of the semiconductor manufacturer’s stock valued at $45,716,000 after buying an additional 30,119 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Micron Technology by 14.6% in the second quarter. Envestnet Asset Management Inc. now owns 756,236 shares of the semiconductor manufacturer’s stock valued at $872,906,000 after buying an additional 96,472 shares during the last quarter. Silicon Valley Capital Partners raised its holdings in shares of Micron Technology by 12.3% in the second quarter. Silicon Valley Capital Partners now owns 7,387 shares of the semiconductor manufacturer’s stock valued at $8,527,000 after buying an additional 809 shares during the last quarter. Finally, Wellington Altus USA Inc. raised its holdings in shares of Micron Technology by 497.7% in the second quarter. Wellington Altus USA Inc. now owns 2,116 shares of the semiconductor manufacturer’s stock valued at $2,442,000 after buying an additional 1,762 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Key Micron Technology News

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.