What is Erste Group Bank’s Forecast for MU FY2026 Earnings?

Micron Technology, Inc. (NASDAQ:MU) – Investment analysts at Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for shares of Micron Technology in a report issued on Tuesday, March 24th. Erste Group Bank analyst H. Engel now expects that the semiconductor manufacturer will post earnings of $57.02 per share for the year, up from their prior estimate of $32.25. 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 $95.97 EPS.

Several other equities research analysts have also weighed in on MU. Mizuho increased their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Bank of America lifted their target price on Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Raymond James Financial upped their target price on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Barclays increased their price target on Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, Wedbush boosted their price objective on Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Five 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. Based on data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus target price of $466.75.

Micron Technology Stock Performance

Shares of MU opened at $357.22 on Friday. The business’s fifty day moving average price is $406.20 and its 200 day moving average price is $292.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. Micron Technology has a 12-month low of $61.54 and a 12-month high of $471.34. The stock has a market capitalization of $402.85 billion, a PE ratio of 16.87 and a beta of 1.50.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be given a dividend of $0.15 per share. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, March 30th. Micron Technology’s payout ratio is presently 2.17%.

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the transaction, the executive vice president directly owned 248,021 shares of the company’s stock, valued at $106,621,747.69. This represents a 9.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Teyin M. Liu bought 11,600 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was acquired at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the transaction, the director owned 14,310 shares in the company, valued at $4,823,471.70. This trade represents a 428.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 53,623 shares valued at $21,832,908. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. High Note Wealth LLC increased its stake in Micron Technology by 65.4% during the 4th 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 raised its position in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. lifted its stake in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 96 shares during the period. Bayban bought a new position in shares of Micron Technology in the fourth quarter valued at approximately $29,000. Finally, Joseph Group Capital Management bought a new position in shares of Micron Technology in the fourth quarter valued at approximately $31,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Mass production of HBM4 for Nvidia is now underway, giving Micron direct exposure to a tight, high-value AI memory market that supports pricing power and revenue upside. Read More.
• Positive Sentiment: Micron reported an outsized quarter with revenue and guidance well ahead of expectations and announced a 30% dividend increase — signals of strong cash flow and management confidence that support a bullish thesis. (MarketBeat coverage)
• Positive Sentiment: Analyst optimism is rising: MU is among the most-upgraded stocks this year and several shops (including Erste Group) sharply raised EPS forecasts and targets, which underpins continued buy-side interest and higher price targets. (MarketBeat / analyst notes)
• Positive Sentiment: NAND/SSD and data-center demand remain strong, giving another revenue leg beyond HBM that could sustain results even if some DRAM demand moderates. Read More.
• Neutral Sentiment: Technical/flow dynamics: MU snapped a six-day losing streak today as some investors rotate back in after recent weakness; momentum screens still flag MU as a momentum pick for some portfolios. Read More.
• Negative Sentiment: Macro and risk-off pressure from escalating Iran-war headlines knocked tech stocks broadly this week and triggered rotation out of high-flying names like Micron. Read More.
• Negative Sentiment: Google’s TurboQuant / model-compression research and similar advances raise the risk that some AI workloads will require less memory per model, a structural worry that has pressured memory-chip multiples across the sector. Read More.
• Negative Sentiment: Short-term technical and cyclical concerns: MU briefly broke below its 50-day moving average, has seen multi-session percentage declines (some reports note ~20–25% drops over several days), and some analysts warn the AI-memory rally may be peaking — all of which increase volatility and downside risk. Read More. • Read More.
• Negative Sentiment: Corporate action noise: a cash tender offer for ~$5.4B of senior notes drew some negative market reaction when announced, adding to short-term selling pressure. Read More.

About Micron Technology

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.