What is Erste Group Bank’s Forecast for MU FY2027 Earnings?

Micron Technology, Inc. (NASDAQ:MU) – Stock analysts at Erste Group Bank increased their FY2027 EPS estimates for Micron Technology in a research report issued on Thursday, June 25th. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will post earnings of $120.99 per share for the year, up from their prior estimate of $102.14. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $71.74 per share.

A number of other research analysts also recently commented on the company. The Goldman Sachs Group increased their price objective on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Wells Fargo & Company upped their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. KeyCorp upped their price target on Micron Technology from $600.00 to $1,600.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average price target of $1,263.76.

Micron Technology Trading Down 10.6%

NASDAQ:MU opened at $1,032.28 on Thursday. The stock has a 50-day simple moving average of $856.65 and a 200-day simple moving average of $544.62. The stock has a market cap of $1.17 trillion, a P/E ratio of 23.37 and a beta of 2.13. Micron Technology has a 1 year low of $103.38 and a 1 year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. Micron Technology’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS.

Institutional Investors Weigh In On Micron Technology

Several large investors have recently modified their holdings of MU. Noble Wealth Management PBC grew its position in shares of Micron Technology by 290.9% during the second quarter. Noble Wealth Management PBC now owns 430 shares of the semiconductor manufacturer’s stock worth $497,000 after acquiring an additional 320 shares during the last quarter. Adelphi Trust Co acquired a new position in shares of Micron Technology in the 2nd quarter valued at $508,000. Eastern Bank raised its position in Micron Technology by 2,270.6% in the 2nd quarter. Eastern Bank now owns 19,818 shares of the semiconductor manufacturer’s stock valued at $22,876,000 after purchasing an additional 18,982 shares during the last quarter. VectorGlobal IAG Inc. purchased a new stake in Micron Technology in the 1st quarter valued at $8,990,000. Finally, Basecamp Wealth Advisors LLC boosted its stake in Micron Technology by 4.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 3,529 shares of the semiconductor manufacturer’s stock worth $1,192,000 after purchasing an additional 152 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 28,506 shares of Micron Technology stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the transaction, the chief executive officer directly owned 355,997 shares in the company, valued at approximately $409,140,232.16. This trade represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 146,000 shares of company stock valued at $117,926,445. Insiders own 0.24% of the company’s stock.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s payout ratio is presently 1.36%.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Analysts continued to raise expectations for Micron, with Erste Group boosting its FY2027 EPS estimate and maintaining a Buy rating, reinforcing the view that earnings power remains strong. Micron analyst estimate update
• Positive Sentiment: Micron announced a long-term supply agreement with General Motors, expanding its automotive memory business and adding another source of durable demand. Micron GM supply agreement
• Positive Sentiment: Several reports emphasized that memory-chip prices keep rising and that AI-related supply shortages are still tightening the market, which supports Micron’s pricing and margin outlook. Micron memory-chip prices article
• Neutral Sentiment: Micron unveiled a $250 million commitment to Trump Accounts and workforce/community programs, a major corporate initiative but not a direct earnings driver in the near term. Micron Trump Accounts investment
• Negative Sentiment: Micron shares are being pressured by a broad semiconductor selloff as investors lock in gains after a record chip rally in the first half of 2026. Chip rally and sector pullback article
• Negative Sentiment: Market chatter around a new DRAM price-fixing lawsuit and insider stock sales by CEO Sanjay Mehrotra is adding headline risk and weighing on sentiment. DRAM lawsuit article

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.