Equities Analysts Issue Forecasts for MU FY2028 Earnings

Micron Technology, Inc. (NASDAQ:MU) – Analysts at Erste Group Bank issued their FY2028 earnings per share (EPS) estimates for Micron Technology in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel expects that the semiconductor manufacturer will post earnings per share of $199.05 for the year. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $175.82 per share.

Several other analysts have also recently issued reports on MU. Wells Fargo & Company decreased their target price on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. TD Cowen reissued a “buy” rating and set a $1,600.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, William Blair set a $1,300.00 price objective on Micron Technology in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Price Performance

Micron Technology stock opened at $989.04 on Tuesday. The firm’s fifty day moving average is $983.23 and its 200 day moving average is $849.12. Micron Technology has a 52-week low of $186.25 and a 52-week high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.12 trillion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.18 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the previous year, the business earned $3.03 earnings per share. The firm’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 0.81%.

Insider Activity

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Micron Technology

Several institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Micron Technology during the first quarter worth approximately $27,000. Bullseye Investment Management LLC bought a new stake in shares of Micron Technology during the second quarter valued at approximately $27,000. Bayban purchased a new stake in shares of Micron Technology in the fourth quarter valued at approximately $29,000. Aventus Investment Advisors Inc. purchased a new stake in shares of Micron Technology in the third quarter valued at approximately $30,000. Finally, Steph & Co. bought a new position in Micron Technology in the third quarter worth approximately $31,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Micron increased its share-repurchase authorization to a record $35.16 billion, with buybacks expected to begin shortly. The plan signals management’s confidence in cash generation and could support earnings per share. Why Is Micron Stock Rising Today?
• Positive Sentiment: Micron’s latest results substantially exceeded expectations, with $54.23 billion in revenue and $33.42 in adjusted EPS, while revenue surged 379% year over year. Analysts remain optimistic about AI-related memory demand, tight DRAM supply and long-term customer agreements. One bullish analyst raised a price target to $3,000, while several research firms continue to rate MU favorably. Micron: More For Longer
• Neutral Sentiment: Despite the recent pullback, valuation screens continue to identify Micron as an attractive value and growth stock, with a low forward earnings multiple and strong earnings momentum. However, investor sentiment remains cautious after the stock’s substantial year-to-date advance. Micron Is a Top-Ranked Value Stock
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design aimed at server memory. The development has renewed concerns that Chinese competition could eventually pressure Micron’s pricing power, margins and market share. Micron Stock Falls on Competition From China Rival CXMT
• Negative Sentiment: Elon Musk’s warning regarding Chinese memory chips added to the market’s concerns, while a broader selloff in semiconductor shares and weakness in South Korean technology stocks amplified pressure on MU. Micron Stock Falls Again as Musk Issues Warning on Chinese Memory
• Negative Sentiment: Investors are also questioning whether AI infrastructure spending can remain strong after Australian data-center company Firmus canceled its IPO because of weak demand. Any slowdown in AI investment could reduce future demand for Micron’s high-value memory products. Nvidia and Micron Received Bad News From an Unlikely Place

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.