FY2026 EPS Estimate for Micron Technology Lifted by Analyst

Micron Technology, Inc. (NASDAQ:MU) – Erste Group Bank raised their FY2026 earnings per share (EPS) estimates for Micron Technology in a note issued to investors on Thursday, April 2nd. Erste Group Bank analyst H. Engel now forecasts that the semiconductor manufacturer will post earnings per share of $57.16 for the year, up from their prior forecast of $57.02. Erste Group Bank has a “Hold” rating on the stock. 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 $96.13 EPS.

A number of other equities research analysts have also recently commented on MU. The Goldman Sachs Group raised their price target on Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, March 19th. Royal Bank Of Canada lifted their target price on Micron Technology from $425.00 to $525.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Needham & Company LLC lifted their target price on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, Citigroup reduced their target price on Micron Technology from $510.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $463.71.

Micron Technology Price Performance

NASDAQ:MU opened at $377.58 on Wednesday. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $402.23 and its two-hundred day simple moving average is $303.88. The stock has a market cap of $425.81 billion, a PE ratio of 17.83 and a beta of 1.60. Micron Technology has a 52 week low of $63.52 and a 52 week high of $471.34.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. High Note Wealth LLC boosted its position in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 34 shares during the period. Elevation Wealth Partners LLC boosted its position in shares of Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. boosted its position in shares of Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the period. Bayban purchased a new position in shares of Micron Technology during the fourth quarter valued at approximately $29,000. Finally, Joseph Group Capital Management bought a new stake in shares of Micron Technology during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In other Micron Technology news, EVP Sumit Sadana sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 248,021 shares in the company, valued at $106,621,747.69. The trade was a 9.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the transaction, the executive vice president owned 125,737 shares of the company’s stock, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have acquired 23,200 shares of company stock worth $7,821,723 and have sold 91,623 shares worth $35,053,508. Company insiders own 0.24% of the company’s stock.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be given 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 yield of 0.2%. The ex-dividend date is Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is 2.83%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Pre-market analyst momentum: UBS analyst Timothy Arcuri raised his price target and that upgrade helped spark heavy buying interest into the session as analysts continue to re-rate Micron on AI memory strength. Why Is Micron Stock Rallying 11% in Pre-Market Trading, 4/8/26?
• Positive Sentiment: Taiwan capacity expansion: Micron is acquiring Powerchip’s Taichung P5 site and launching cleanroom projects to boost DRAM and HBM production—a direct response to AI-driven memory shortages that supports revenue upside over 2026–27 as supply tightness persists. Micron Expands Taiwan DRAM Footprint To Capture Long Term AI Demand
• Positive Sentiment: Institutional accumulation & technical setup: MarketBeat and other coverage point to heavy institutional buying, technical signs of a bottom, and rising analyst estimates—factors that can sustain momentum into upcoming quarters if demand remains strong.
• Neutral Sentiment: Community / PR news: Micron announced a large community investment in Central New York—positive for ESG/PR and local relationships but unlikely to move fundamentals materially. Micron Technology (MU) Announces a Huge Community Investment in Central New York
• Neutral Sentiment: Dividend-screen mentions: Micron appears on some dividend-growth screens—an interesting signal for income-minded investors but not a primary catalyst for the stock’s AI-driven rerating. Micron Stock and 14 More ‘Dividend Growers’ With Lots of Potential
• Negative Sentiment: Analyst downgrade: Erste Group recently cut Micron from Buy to Hold, a reminder that not all coverage is uniformly bullish—downgrades can weigh on sentiment and introduce short-term volatility. Micron Technology (MU) Gets Downgraded by Analyst
• Negative Sentiment: Cyclical / valuation concerns: Several commentaries highlight that Micron’s current run is concentrated and could be a “crowded bet” tied to a cyclical AI memory supercycle; if HBM/DRAM pricing or capex timelines disappoint, the stock could see sharp mean reversion. Micron Technology: Crowded Bet On A Cyclical High

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.