FY2027 EPS Estimate for Micron Technology Raised by Analyst

Micron Technology, Inc. (NASDAQ:MU) – Research analysts at Erste Group Bank raised their FY2027 EPS estimates for shares of Micron Technology in a research report issued to clients and investors on Tuesday, May 5th. Erste Group Bank analyst H. Engel now expects that the semiconductor manufacturer will earn $100.45 per share for the year, up from their previous estimate of $99.78. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $57.72 per share.

A number of other research firms have also recently commented on MU. DA Davidson initiated coverage on Micron Technology in a research note on Tuesday, April 28th. They set a “buy” rating on the stock. The Goldman Sachs Group raised their price target on Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. KeyCorp boosted their price objective on Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Micron Technology in a research note on Thursday, January 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $500.00 target price on shares of Micron Technology in a research report on Monday, March 16th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $478.24.

Micron Technology Stock Down 3.0%

Shares of NASDAQ MU opened at $646.63 on Friday. Micron Technology has a 1 year low of $83.36 and a 1 year high of $683.09. The firm has a 50-day simple moving average of $435.84 and a two-hundred day simple moving average of $348.07. The company has a market cap of $729.22 billion, a P/E ratio of 30.53 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Institutional Trading of Micron Technology

A number of hedge funds have recently added to or reduced their stakes in MU. Vanguard Group Inc. raised its holdings in shares of Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares in the last quarter. State Street Corp boosted its stake in shares of Micron Technology by 2.1% during 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 in the last quarter. Capital International Investors increased its holdings in Micron Technology by 0.7% during 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 buying an additional 155,860 shares during the period. Norges Bank purchased a new position in Micron Technology during the fourth quarter valued at approximately $6,433,456,000. Finally, Morgan Stanley raised its stake in Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after buying an additional 794,289 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction on 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 directly owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 104,000 shares of company stock valued at $45,458,400 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s payout ratio is currently 2.83%.

Key Micron Technology News

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

• Positive Sentiment: Micron began shipping a 245TB Micron 6600 ION SSD for AI/cloud/hyperscale customers, reinforcing its role in AI data?center infrastructure and supporting near?term revenue and pricing power. Read More.
• Positive Sentiment: Several bullish market writeups and analyst moves have pushed sentiment higher — Mizuho raised a lofty price target that helped drive the stock to fresh highs, signaling continued analyst interest. Read More.
• Positive Sentiment: Industry research and long?form coverage argue Micron is benefiting from an AI memory “supercycle” — tightening DRAM/NAND supply, multi?year customer agreements and improving gross margins underpin a bullish multi?quarter earnings outlook. Read More.
• Neutral Sentiment: An analyst tweak: Erste Group slightly raised its FY2027 EPS estimate (to $100.45 from $99.78) but kept a Hold — a modest technical adjustment rather than a wholesale change in outlook. Read More.
• Neutral Sentiment: Broad sector momentum (AMD, Samsung, Nvidia, hyperscalers) continues to support memory names generally — positive macro tailwinds but exposure to cycle timing remains. Read More.
• Negative Sentiment: Short?term pullback / profit?taking: Micron is trading down today as some gains are being given back after a very large run; recent headlines noted a near?3% decline in intraday trade. Read More.
• Negative Sentiment: Valuation and event?risk: after an enormous YTD and 1?year gain, elevated valuation raises the risk of volatile reactions to any disappointing guidance, cyclical demand shifts, or softening AI procurement cadence. Recent headlines highlighting the stock’s rapid run amplify that risk. 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.