Rosenblatt Securities Reiterates Buy Rating for Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating restated by equities research analysts at Rosenblatt Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $300.00 price objective on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 29.03% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Wedbush increased their price target on shares of Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Stifel Nicolaus raised their price objective on shares of Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, December 12th. TD Cowen upped their target price on Micron Technology from $200.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. increased their target price on Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $242.79.

Micron Technology Price Performance

Shares of MU stock opened at $232.51 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $264.75. The firm has a market cap of $261.37 billion, a P/E ratio of 30.63, a P/E/G ratio of 0.38 and a beta of 1.54. The business’s 50 day moving average price is $224.96 and its 200-day moving average price is $162.38.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm’s revenue was up 46.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts anticipate that Micron Technology will post 6.08 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president owned 154,145 shares in the company, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 3,743 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the transaction, the chief executive officer owned 396,578 shares in the company, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 384,852 shares of company stock worth $81,806,895 in the last three months. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares during the period. EverSource Wealth Advisors LLC grew its position in Micron Technology by 36.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,818 shares of the semiconductor manufacturer’s stock worth $505,000 after purchasing an additional 1,566 shares during the period. American Century Companies Inc. raised its stake in shares of Micron Technology by 7.8% during the 1st quarter. American Century Companies Inc. now owns 232,579 shares of the semiconductor manufacturer’s stock valued at $20,209,000 after buying an additional 16,925 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Micron Technology by 67.4% in the 1st quarter. Cresset Asset Management LLC now owns 34,960 shares of the semiconductor manufacturer’s stock valued at $3,042,000 after buying an additional 14,071 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of Micron Technology by 3.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,664,080 shares of the semiconductor manufacturer’s stock valued at $144,592,000 after buying an additional 49,720 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.