KeyCorp Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price target upped by KeyCorp from $325.00 to $450.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor manufacturer’s stock.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company increased their target price on shares of Micron Technology from $300.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. TD Cowen raised their price objective on Micron Technology from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research note on Monday, October 13th. Barclays upped their price target on shares of Micron Technology from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Finally, KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $302.34.

Micron Technology Stock Down 2.2%

Shares of Micron Technology stock opened at $338.13 on Tuesday. The business has a fifty day simple moving average of $261.52 and a 200 day simple moving average of $188.09. The stock has a market cap of $380.57 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 0.22 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. Micron Technology has a 12 month low of $61.54 and a 12 month high of $351.23.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The firm had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company’s revenue was up 56.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Research analysts predict that Micron Technology will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 29th will be given a $0.115 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 4.37%.

Insider Transactions at Micron Technology

In other news, CFO Mark J. Murphy sold 126,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. This trade represents a 36.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the sale, the chief executive officer directly owned 396,578 shares in the company, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 318,800 shares of company stock worth $72,333,387. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently modified their holdings of MU. Elevation Wealth Partners LLC increased its position in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Micron Technology during the 4th quarter worth approximately $40,000. REAP Financial Group LLC acquired a new position in shares of Micron Technology during the 3rd quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Micron Technology in the 3rd quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. raised its stake in Micron Technology by 79.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 88 shares during the period. 80.84% of the stock is owned by institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: HBM demand & capacity ramp — MarketBeat reports Micron’s HBM products are effectively sold out for 2026, with near‑term expansions (Singapore packaging, Boise, Japan) and HBM4 demand supporting outsized 2026 revenue forecasts and continued momentum into 2027. Analysts are broadly raising targets, which underpins bullish investor sentiment. Micron: Accelerating HBM Ramp Extends Growth Into 2027
• Positive Sentiment: Major analyst upgrades — KeyCorp raised its price target to $450 (overweight), Bank of America to $400 (buy), and Mizuho to $390, citing a strong 2026 AI/HBM outlook. These upgrades increase institutional support and provide near‑term upside framing for the stock. Benzinga: KeyCorp / BofA coverage Mizuho hikes Micron PT to $390
• Positive Sentiment: Institutional/market recognition — Zacks and other outlets highlight MU as a top growth/momentum name (Zacks: “Micron Has Tripled in 2025 — Still a Discounted Strong Buy” and Zacks Rank #1 listing), reinforcing buy‑the‑rally flows. Micron Has Tripled in 2025 – Still a Discounted Strong Buy (Zacks)
• Neutral Sentiment: Momentum and press coverage — Multiple articles note short‑term momentum (MU up strongly in recent weeks) and inclusion on “top growth” lists; these can attract momentum buyers but also amplify volatility and profit‑taking. Micron Is Up 9.41% in One Week (Zacks) Fool: 3 Top Growth Stocks to Buy
• Negative Sentiment: Competitive capex risk — Barron’s reports SK Hynix plans a $13B memory plant; industry capex from rivals (and Samsung’s HBM4 advances) could accelerate supply growth and pressure prices/margins over time. SK Hynix Plans $13 Billion Memory-Chip Plant (Barron’s)
• Negative Sentiment: Structural risks flagged — A Seeking Alpha piece highlights three material risks: cyclical/extended valuation, potential market oversupply (esp. if competitors scale HBM4 aggressively), and the risk of peak margins in 2026–2027 — all reasons some investors may trim positions. Micron: Three Significant Risks (Seeking Alpha)
• Negative Sentiment: Short interest & profit‑taking — Short interest rose in December (~19% growth to ~30M shares, ~2.7% of float) and commentators note investors taking profits after a rapid rerating; both can amplify near‑term downside volatility. Why I’m Taking Profits After A Rapid Rerating (Seeking Alpha)

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.