Micron Technology’s (MU) “Buy” Rating Reiterated at Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating restated by investment analysts at Rosenblatt Securities in a note issued to investors on Thursday, Benzinga reports. They presently have a $1,500.00 target price on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price target points to a potential upside of 41.69% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. The Goldman Sachs Group boosted their price target on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $1,296.47.

Micron Technology Stock Down 1.2%

Shares of NASDAQ:MU traded down $13.24 on Thursday, reaching $1,058.64. The company had a trading volume of 8,923,360 shares, compared to its average volume of 42,266,691. Micron Technology has a twelve month low of $154.65 and a twelve month high of $1,255.00. The stock has a 50-day moving average price of $935.77 and a 200 day moving average price of $790.50. The stock has a market capitalization of $1.20 trillion, a P/E ratio of 23.92, a P/E/G ratio of 0.69 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share 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 company had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The business’s quarterly revenue was up 345.8% compared to the same quarter last year. On average, equities analysts expect that Micron Technology will post 72.99 EPS for the current year.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the transaction, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 177,204 shares of company stock valued at $182,156,264. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in MU. QRG Capital Management Inc. increased its stake in 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. increased its stake in Micron Technology by 317.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 39,606 shares of the semiconductor manufacturer’s stock valued at $45,716,000 after acquiring an additional 30,119 shares during the period. Envestnet Asset Management Inc. increased its stake in Micron Technology by 14.6% during the second quarter. Envestnet Asset Management Inc. now owns 756,236 shares of the semiconductor manufacturer’s stock valued at $872,906,000 after acquiring an additional 96,472 shares during the period. Silicon Valley Capital Partners increased its stake in Micron Technology by 12.3% during the second quarter. Silicon Valley Capital Partners now owns 7,387 shares of the semiconductor manufacturer’s stock valued at $8,527,000 after acquiring an additional 809 shares during the period. Finally, Wellington Altus USA Inc. increased its stake in Micron Technology by 497.7% during the second quarter. Wellington Altus USA Inc. now owns 2,116 shares of the semiconductor manufacturer’s stock valued at $2,442,000 after acquiring an additional 1,762 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Analysts remain broadly bullish. Rosenblatt reaffirmed a Buy rating with a $1,500 target, while UBS maintained a $1,625 target. Citi also raised its target to $1,300, citing stronger-than-expected DRAM pricing and tight supply driven by artificial-intelligence infrastructure demand. What’s Going On With Micron Technology Stock Thursday?
• Positive Sentiment: Fundamentals continue to support the bull case. Recent coverage points to tight DRAM and NAND supplies, robust AI data-center demand, long-term contracts and potential margin strength. Investors are looking for management to confirm that elevated pricing and gross margins can persist into fiscal 2027. Micron’s Memory Boom Is Showing Up in Prices
• Neutral Sentiment: Earnings are the immediate catalyst. Micron reports fiscal fourth-quarter results after the market closes on September 30. Expectations are elevated after the stock’s substantial advance, so revenue guidance, DRAM pricing, gross-margin commentary and AI-related demand will likely determine the next major move. Will Micron Stock Rise or Fall after Q4 Results?
• Negative Sentiment: Supply and pricing risks are weighing on sentiment. Acer Chairman Jason Chen warned that rising Chinese production could eventually puncture the memory-pricing bubble. CXMT’s new mobile DRAM products and broader industry capacity additions raise concerns that supply will catch up with demand, even though Chinese competitors currently lag Micron in yields, HBM capabilities and customer acceptance. Tech Exec Says China Is About to Burst the Memory Chip Pricing Bubble
• Negative Sentiment: High-profile bearish positioning is adding pressure. Michael Burry expanded short positions in Micron and other semiconductor-related investments, arguing that increased chip production could trigger a downcycle. The warning reinforces investor concerns that the stock’s valuation already discounts much of the AI-driven earnings upside. Michael Burry expands short bets on Micron, Palantir and semiconductor stocks

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.