What is Erste Group Bank’s Forecast for MU FY2026 Earnings?

Micron Technology, Inc. (NASDAQ:MU) – Analysts at Erste Group Bank lifted their FY2026 earnings per share estimates for shares of Micron Technology in a research report issued on Tuesday, March 24th. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will post earnings per share of $57.02 for the year, up from their previous forecast of $32.25. The consensus estimate for Micron Technology’s current full-year earnings is $6.08 per share. Erste Group Bank also issued estimates for Micron Technology’s FY2027 earnings at $95.97 EPS.

A number of other brokerages have also issued reports on MU. Cantor Fitzgerald increased their target price on shares of Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. KeyCorp boosted their price target on shares of Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Stifel Nicolaus upped their price target on shares of Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. HSBC boosted their target price on Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, TD Cowen increased their price target on Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given 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 target price of $466.75.

Micron Technology Price Performance

Shares of MU opened at $355.43 on Friday. Micron Technology has a one year low of $61.54 and a one year high of $471.34. The stock’s fifty day moving average is $406.31 and its 200-day moving average is $290.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The firm has a market capitalization of $400.83 billion, a price-to-earnings ratio of 16.78 and a beta of 1.50.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be issued a $0.15 dividend. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, March 30th. Micron Technology’s dividend payout ratio is currently 2.17%.

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the sale, the executive vice president directly owned 248,021 shares of the company’s stock, valued at $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Scott R. Allen sold 2,000 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the transaction, the chief accounting officer owned 38,237 shares of the company’s stock, valued at $12,904,987.50. This trade represents a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 53,623 shares worth $21,832,908. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

A number of hedge funds have recently bought and sold shares of the company. Manning & Napier Advisors LLC grew its stake in Micron Technology by 2.4% during the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock worth $301,000 after buying an additional 24 shares in the last quarter. SWAN Capital LLC lifted its holdings in shares of Micron Technology by 9.7% during the 4th quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock worth $77,000 after acquiring an additional 24 shares during the period. Vivaldi Capital Management LP lifted its holdings in shares of Micron Technology by 1.2% during the 4th quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock worth $561,000 after acquiring an additional 24 shares during the period. Round Rock Advisors LLC boosted its position in shares of Micron Technology by 0.6% during the 4th quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock worth $1,237,000 after acquiring an additional 25 shares in the last quarter. Finally, Arlington Trust Co LLC boosted its position in shares of Micron Technology by 26.3% during the 4th quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 25 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Wall Street remains broadly bullish: brokers have raised price targets and the consensus rating sits at “Buy,” supporting upside expectations for MU. Micron Technology (MU) price target increased by 36.86% to 511.82
• Positive Sentiment: Brokerage coverage is supportive: a consensus “Buy” and multiple upgrades/pushes of price targets (MarketBeat notes MU as a most-upgraded stock) underpin analyst-driven demand. Micron Technology, Inc. (NASDAQ:MU) Given Consensus Rating of “Buy” by Brokerages
• Positive Sentiment: Prominent investors and commentators remain bullish — Ross Gerber highlighted Micron as a strong chip company after its big rally, lending retail/institutional confidence. Ross Gerber flags Micron Technology as ‘very good chip company’
• Positive Sentiment: Fundamentals remain strong: Micron reported exceptional Q2 results (massive revenue and margin growth) and recently raised its dividend — a reason some investors view pullbacks as buying opportunities. Micron Technology’s Earnings Skyrocketed 771% Last Quarter
• Neutral Sentiment: Corporate action: Micron launched cash tender offers to buy several series of senior notes — improves capital structure flexibility but is a neutral execution detail unless tender results surprise. Micron Announces Cash Tender Offers for Any and All of Certain Outstanding Senior Notes
• Negative Sentiment: Google research on model compression rattled the market — a claim that AI models may need far less memory (up to ~6x) has pressured DRAM/NAND demand expectations and hit memory stocks including MU. A Google AI breakthrough is pressuring memory chip stocks
• Negative Sentiment: Technical and momentum signs are weakening: MU broke below its 50‑day moving average and chart commentary warns semiconductor momentum may be stalling — technical traders likely contributed to today’s selling. Micron Broke Below Its 50-Day Moving Average. Should You Buy the Dip?
• Negative Sentiment: Investor concerns about cyclicality and order softness: several pieces flag risks (ratings downgrades, potential order cancellations from large AI buyers, and rapid post-earnings profit-taking) that are pressuring the stock. Micron: Softness In DRAM Orders (Rating Downgrade)

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.