FY2027 Earnings Forecast for MU Issued By Erste Group Bank

Micron Technology, Inc. (NASDAQ:MU) – Erste Group Bank lifted their FY2027 earnings per share (EPS) estimates for shares of Micron Technology in a research note issued to investors on Friday, September 18th. Erste Group Bank analyst H. Engel now forecasts that the semiconductor manufacturer will post earnings per share of $156.41 for the year, up from their previous forecast of $154.09. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $72.99 per share.

MU has been the topic of several other research reports. Cantor Fitzgerald restated an “overweight” rating and set a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. DA Davidson raised their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of 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, ThinkEquity restated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,295.63.

Micron Technology Stock Up 5.0%

Shares of Micron Technology stock opened at $1,096.16 on Monday. Micron Technology has a 12-month low of $154.65 and a 12-month high of $1,255.00. The firm has a market capitalization of $1.24 trillion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 0.66 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. The stock’s fifty day moving average is $932.42 and its 200-day moving average is $785.75.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company’s quarterly revenue was up 345.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 EPS.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Lynn Dugle sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is owned by company insiders.

Institutional Trading of Micron Technology

A number of institutional investors have recently bought and sold shares of the company. Silicon Valley Capital Partners raised its holdings in Micron Technology by 12.3% in the 2nd 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. Wellington Altus USA Inc. boosted its holdings in shares of Micron Technology by 497.7% during the second quarter. Wellington Altus USA Inc. now owns 2,116 shares of the semiconductor manufacturer’s stock worth $2,442,000 after acquiring an additional 1,762 shares during the period. IKE Capital LLC acquired a new position in shares of Micron Technology in the second quarter valued at approximately $629,000. Anchor Investment Management LLC grew its position in shares of Micron Technology by 2.0% in the second quarter. Anchor Investment Management LLC now owns 12,303 shares of the semiconductor manufacturer’s stock valued at $14,201,000 after purchasing an additional 243 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC bought a new position in shares of Micron Technology during the second quarter worth approximately $439,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: AI memory demand remains the primary catalyst. Analysts and market coverage point to strong data-center spending, constrained DRAM and NAND supply, and robust demand for high-bandwidth memory (HBM). Reports indicate Micron’s HBM capacity is sold out through 2027, supporting pricing power and potentially higher margins. HBM Sold Out Through 2027
• Positive Sentiment: Optimism is building ahead of earnings. Micron is expected to report higher fiscal Q4 earnings, with several analysts maintaining Buy ratings or raising estimates and price targets. The stock also moved above an early technical buy point, reinforcing momentum-oriented investor interest. Micron Q4 Earnings Forecasts
• Positive Sentiment: Sector momentum is helping MU. The broader AI trade pushed the Nasdaq to records, while bullish coverage of peer SanDisk helped lift the memory-chip group. Micron’s strong recent earnings growth and institutional interest, including a reported addition by Gabelli Global Growth Fund, further supported sentiment. Micron vs. SanDisk
• Neutral Sentiment: Investors face elevated earnings volatility. Options markets reportedly imply a sizable move after the September 30 results. While bullish forecasts see additional upside, some analysts warn that expectations and the recent rally could produce a post-earnings pullback even if Micron delivers strong results. Micron Earnings Risk
• Negative Sentiment: A potential Taiwan plant strike is a near-term risk. Employees reportedly seek a recurring 15% profit-sharing arrangement. A work stoppage or higher labor costs could disrupt production and reduce the benefit of current AI-driven pricing strength. Micron Taiwan Labor Dispute
• Negative Sentiment: China’s CXMT is a longer-term competitive threat. CXMT says it has begun mass production of advanced DRAM, potentially improving supply and pressuring Micron’s market share and pricing power from 2027 onward. CXMT Advanced DRAM Production

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.