Micron Technology, Inc. (NASDAQ:MU – Free Report) – Research analysts at Erste Group Bank raised their FY2026 EPS estimates for Micron Technology in a note issued to investors on Friday, September 18th. Erste Group Bank analyst H. Engel now forecasts that the semiconductor manufacturer will post earnings of $72.34 per share for the year, up from their prior forecast of $72.22. 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.
Other equities analysts also recently issued reports about the company. Citigroup increased their target price on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen restated a “buy” rating on shares of Micron Technology in a report on Wednesday, September 16th. Bank of America upped their price objective on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Zacks Research lowered shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Three equities 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 MarketBeat, Micron Technology currently has a consensus rating of “Buy” and an average target price of $1,296.47.
Micron Technology Price Performance
MU stock opened at $1,071.88 on Tuesday. The stock has a market capitalization of $1.21 trillion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth 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 has a 52-week low of $154.65 and a 52-week high of $1,255.00. The stock’s fifty day simple moving average is $935.77 and its 200-day simple moving average is $790.50.
Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the previous year, the company earned $1.91 EPS. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis.
Insider Buying and Selling
In related news, CAO Scott R. Allen sold 879 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed 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 that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director owned 17,728 shares in the company, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 177,204 shares of company stock worth $182,156,264. Corporate insiders own 0.24% of the company’s stock.
Institutional Investors Weigh In On Micron Technology
Institutional investors have recently bought and sold shares of the business. Heritage Trust Co increased its position in Micron Technology by 9.7% during the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after purchasing an additional 1,323 shares in the last quarter. Denali Advisors LLC acquired a new stake in Micron Technology in the second quarter valued at approximately $7,364,000. Castleark Management LLC bought a new stake in shares of Micron Technology during the first quarter worth $3,709,000. Oppenheimer & Co. Inc. increased its holdings in shares of Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares in the last quarter. Finally, Legacy Wealth Management LLC MS lifted its stake in shares of Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after acquiring an additional 1,499 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Analysts remain broadly bullish. Citi raised its price target on Micron from $1,150 to $1,300, citing stronger DRAM pricing and prolonged undersupply. UBS and Bank of America also maintained buy ratings, pointing to robust AI data-center demand, improving pricing and potential shareholder returns. Micron Technology Target Lifted to $1,300 by Citi
- Positive Sentiment: Demand and supply indicators support the earnings outlook. UBS said Micron’s chip shortage could deepen into 2027 as AI demand surges, while other reports highlighted sold-out high-bandwidth memory capacity and long-term contracts that may help protect margins. Investors are looking for confirmation that pricing strength can continue beyond the current quarter. Micron’s Chip Shortage Expected to Deepen Into 2027
- Neutral Sentiment: Earnings are the key near-term catalyst. Micron’s upcoming report is expected to show significant year-over-year growth, but investors will focus more closely on fiscal 2027 margin sustainability, memory-price trends and capital spending. The company’s previous results substantially exceeded consensus estimates, raising the bar for another positive surprise. Micron Earnings Expected to Grow
- Negative Sentiment: Valuation and cyclical concerns are limiting enthusiasm. Wells Fargo lowered its price target, warning that the next phase of growth depends on confidence in how long memory tightness will last. Analysts also cautioned that memory prices could peak earlier than expected, particularly as new capacity comes online. Why Micron Stock Fell
- Negative Sentiment: Competitive and sentiment risks increased. China’s CXMT announced a denser mobile DRAM product, raising longer-term concerns about supply and pricing competition, although it reportedly lacks Micron’s yields, HBM capabilities and customer reach. Investor Michael Burry also expanded his short position in Micron, arguing that rising production could trigger a memory down cycle. Micron Falls as China Adds a Memory Challenger
- Negative Sentiment: Sector-wide profit-taking added pressure. Micron’s decline occurred as the Philadelphia Semiconductor Index ended a six-session advance, with other memory stocks also retreating despite bullish analyst target changes. A potential labor dispute at Micron’s Taiwan operations is an additional risk to monitor.
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.
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