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

Rosenblatt Securities reaffirmed their buy rating on shares of Micron Technology (NASDAQ:MU) in a research note issued to investors on Monday,Benzinga reports. The firm currently has a $500.00 target price on the semiconductor manufacturer’s stock.

A number of other research firms also recently weighed in on MU. Barclays increased their price target on shares of Micron Technology from $275.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Piper Sandler boosted their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. upped their price objective on Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Wells Fargo & Company increased their target price on Micron Technology from $410.00 to $470.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $200.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $400.79.

Micron Technology Stock Up 0.0%

MU opened at $461.73 on Monday. Micron Technology has a 12 month low of $61.54 and a 12 month high of $471.34. The business has a 50-day moving average of $398.74 and a two-hundred day moving average of $279.79. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The stock has a market capitalization of $519.68 billion, a price-to-earnings ratio of 43.89 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping the consensus estimate of $8.50 by $3.70. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $23.86 billion for the quarter, compared to analyst estimates of $18.90 billion. During the same period in the prior year, the firm posted $1.56 EPS. The company’s revenue was up 196.3% on a year-over-year basis. On average, research analysts expect that Micron Technology will post 6.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares in the company, valued at approximately $45,891,091.62. The trade was a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Manish H. Bhatia sold 26,623 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the sale, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This trade represents a 7.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Micron Technology

A number of large investors have recently modified their holdings of MU. Stance Capital LLC purchased a new stake in shares of Micron Technology during the 4th quarter valued at about $1,542,000. Osbon Capital Management LLC purchased a new position in Micron Technology in the 4th quarter worth approximately $45,000. Fund Advisors of America Inc FL acquired a new stake in Micron Technology in the fourth quarter valued at approximately $1,274,000. World Investment Advisors grew its position in Micron Technology by 38.1% in the fourth quarter. World Investment Advisors now owns 14,185 shares of the semiconductor manufacturer’s stock valued at $4,049,000 after acquiring an additional 3,917 shares in the last quarter. Finally, ARP Global Capital Ltd purchased a new stake in shares of Micron Technology during the fourth quarter valued at approximately $5,458,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Blowout quarter and sky-high guidance: MU reported revenue of $23.86B and EPS of $12.20, both well above Street estimates, and management guided Q3 revenue to ~$33.5B with an ~81% gross margin outlook — this is the primary catalyst for the rally. Micron Just Smashed Estimates – Buy The Dip
• Positive Sentiment: Margin and pricing power surge: gross margins jumped into the mid-70s percent range, reflecting strong pricing and operating leverage from AI/data-center memory demand — supports higher profits and cash flow. Micron’s Q4: Why This AI Super-Cycle Is Different
• Positive Sentiment: Product and capacity momentum: volume production of HBM4 and new PCIe Gen6 SSDs plus a completed Taiwan site acquisition position Micron to capture AI-driven share gains long term. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Positive Sentiment: Dividend bump and analyst upgrades: Micron raised its dividend (~30%) and several firms raised price targets (Bernstein to $510, multiple $500+ targets), reinforcing bullish analyst sentiment. Micron Technology raises dividend by 30.4% to $0.15
• Neutral Sentiment: Macro backdrop — Fed/PPI and higher rates: hotter PPI and a Fed dot-plot that signals limited cuts this year add uncertainty to tech multiples and could moderate enthusiasm. New Fed “Dot Plot” Sends Markets Sliding
• Neutral Sentiment: Options positioning/volatility may mute follow-through: heavy pre-earnings positioning and gamma/vol dynamics could pin short-term price action despite strong fundamentals. Micron’s Stock May Plunge Following Earnings Results
• Negative Sentiment: Large planned CapEx and spending worries: management flagged very high near‑term capital spending (tens of billions), which spooked some investors worried about cash deployment and margin sustainability. Micron’s Q4: Why This AI Super-Cycle Is Different
• Negative Sentiment: Geopolitical/energy and supply constraints: reports that high spending and an attack affecting Qatar energy supplies rattled traders; separate commentary warns that power and capacity bottlenecks could limit upside and prompted pre-market/after-hours pullbacks. Micron Stock Plunges as High Spending Plans and an Attack on Qatar Energy Supplies Spook Investors

Micron Technology Company Profile

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.