Micron Technology, Inc. (NASDAQ:MU – Free Report) – Equities research analysts at Erste Group Bank boosted their FY2026 earnings per share (EPS) estimates for shares of Micron Technology in a research report issued 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 estimate 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.
Several other research analysts have also recently commented on the stock. Wedbush increased their target price on shares of Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Rosenblatt Securities restated a “buy” rating and set a $500.00 target price on shares of Micron Technology in a report on Monday, March 16th. JPMorgan Chase & Co. lifted their target price on Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. The Goldman Sachs Group lifted their target price on Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, March 19th. Finally, Piper Sandler lifted their target price on Micron Technology from $275.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average price target of $464.61.
Micron Technology Stock Performance
Shares of MU opened at $406.73 on Wednesday. Micron Technology has a 12 month low of $63.70 and a 12 month high of $471.34. The firm has a fifty day simple moving average of $401.66 and a 200 day simple moving average of $304.60. The stock has a market capitalization of $458.68 billion, a price-to-earnings ratio of 19.20 and a beta of 1.60. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13.
Micron Technology Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is presently 2.83%.
Insider Activity
In other news, EVP Sumit Sadana sold 25,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the transaction, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. The trade was a 9.16% decrease in their position. The transaction was disclosed in a document filed 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 dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. 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 quarter, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 91,623 shares valued at $35,053,508. Insiders own 0.24% of the company’s stock.
Institutional Trading of Micron Technology
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after buying an additional 1,954,644 shares during the last quarter. State Street Corp increased its holdings in shares of Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after purchasing an additional 1,090,644 shares during the last quarter. Capital International Investors increased its holdings in shares of Micron Technology by 0.7% in the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after purchasing an additional 155,860 shares during the last quarter. Norges Bank acquired a new position in shares of Micron Technology in the fourth quarter valued at $6,433,456,000. Finally, Morgan Stanley increased its holdings in shares of Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after purchasing an additional 794,289 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.
Key Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: UBS raised its price target to $535 and kept a Buy rating, implying meaningful upside and reinforcing buy-side momentum. Micron price target boosted by UBS as memory “super-cycle” defies norms
- Positive Sentiment: Sector rally tied to easing Middle East tensions/ceasefire headlines has drawn money back into memory names, supporting Micron’s move higher. Micron Stock Skyrockets on Ceasefire News
- Positive Sentiment: Micron announced a strategic investment and deal with SiMa.ai to deepen its presence in edge/robotics AI applications — expands market opportunities for power-efficient memory solutions. Micron Deepens AI Push With SiMa.ai Deal
- Positive Sentiment: Micron is expanding DRAM capacity in Taiwan (acquiring Powerchip’s P5 site), a strategic step to capture sustained AI-driven memory demand and relieve supply constraints. Micron Expands Taiwan DRAM Footprint To Capture Long Term AI Demand
- Positive Sentiment: Analyst upgrades, upward EPS revisions and heavy institutional accumulation (MarketBeat notes institutions buying aggressively) are validating the rebound thesis. The Bottom Is in for Micron Stock: 3 Signals to Buy Now
- Neutral Sentiment: Multiple media pieces frame Micron as a core AI/memory play (long-term growth case) — useful context but not new catalysts by themselves. 3 Reasons Growth Investors Will Love Micron (MU)
- Neutral Sentiment: High hedge-fund ownership and inclusion in screens (dividend/growth lists) indicates strong institutional interest — supportive but can amplify volatility on flows. Here is Why Micron Technology (MU) Is Among the Most Owned Stocks by Hedge Funds
- Negative Sentiment: Cyclical risk and “crowded” long positioning warnings remain — if memory pricing or AI demand disappoints, Micron could see sharp reversals. Micron Technology: Crowded Bet On A Cyclical High
- Negative Sentiment: Some analysts remain cautious (recent Hold/downgrade activity), reflecting concerns about near-term volatility and the memory cycle’s swings. Micron Technology (MU) Gets Downgraded by Analyst
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.
Further Reading
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