Micron Technology (NASDAQ:MU) Receives “Buy” Rating from Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating restated by research analysts at Rosenblatt Securities in a research note issued to investors on Thursday, Benzinga reports. They currently have a $1,500.00 target price on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price target indicates a potential upside of 42.36% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. UBS Group reiterated a “buy” rating on shares of Micron Technology in a research note on Wednesday. BMO Capital Markets assumed coverage on Micron Technology in a report on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 price objective for the company. Finally, Wells Fargo & Company lowered their price target on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a report on Wednesday. Three research 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, Micron Technology has a consensus rating of “Buy” and a consensus price target of $1,296.47.

Micron Technology Trading Down 1.7%

Shares of NASDAQ MU opened at $1,053.69 on Thursday. 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 $1.19 trillion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 0.69 and a beta of 2.22. Micron Technology has a 1-year low of $154.65 and a 1-year high of $1,255.00. The business has a fifty day moving average price of $935.77 and a 200 day moving average price of $790.50.

Micron Technology (NASDAQ:MU) last released its earnings results 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 during the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The company’s revenue was up 345.8% compared to the same quarter last year. Equities research analysts expect that Micron Technology will post 72.99 EPS for the current fiscal year.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director owned 17,728 shares in the company, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 177,204 shares of company stock valued at $182,156,264. 0.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MU. Andar Capital Management HK Ltd increased its position in shares of Micron Technology by 856,960.3% during the 2nd 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 stake in Micron Technology in the fourth quarter valued at approximately $6,433,456,000. Primecap Management Co. CA bought a new stake in Micron Technology in the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc bought a new stake in Micron Technology in the second quarter valued at approximately $8,402,393,000. Finally, Situational Awareness LP raised its stake in Micron Technology by 1,149.0% in 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 own 80.84% of the company’s stock.

Micron Technology News Summary

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

About Micron Technology

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.