Micron Technology (NASDAQ:MU) Given New $400.00 Price Target at Bank of America

Micron Technology (NASDAQ:MU) had its price objective lifted by Bank of America from $300.00 to $400.00 in a research report report published on Tuesday,Benzinga reports. Bank of America currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other research analysts also recently issued reports on MU. The Goldman Sachs Group boosted their price target on shares of Micron Technology from $205.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Raymond James Financial lifted their target price on shares of Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. KeyCorp set a $350.00 target price on shares of Micron Technology in a report on Thursday, December 18th. Cowen reaffirmed a “buy” rating on shares of Micron Technology in a research report on Thursday, December 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and a consensus price target of $302.34.

Micron Technology Trading Down 2.2%

NASDAQ MU opened at $338.13 on Tuesday. The business’s 50-day moving average price is $261.52 and its two-hundred day moving average price is $188.09. Micron Technology has a 12 month low of $61.54 and a 12 month high of $351.23. The firm has a market capitalization 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 current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data 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 company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm’s revenue was up 56.7% compared to the same quarter last year. During the same period last year, the company earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, analysts expect that Micron Technology will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $277.09, for a total value of $4,156,350.00. Following the completion of the sale, the executive vice president directly owned 165,618 shares of the company’s stock, valued at $45,891,091.62. The trade was a 8.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven J. Gomo sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $263.63, for a total value of $1,318,150.00. Following the transaction, the director directly owned 19,139 shares in the company, valued at approximately $5,045,614.57. This trade represents a 20.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 318,800 shares of company stock worth $72,333,387 over the last 90 days. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Micron Technology

A number of large investors have recently modified their holdings of the company. Norges Bank bought a new stake in Micron Technology during the 2nd quarter valued at $1,980,700,000. AQR Capital Management LLC grew its holdings in shares of Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after buying an additional 2,918,535 shares during the last quarter. Slate Path Capital LP bought a new stake in shares of Micron Technology during the second quarter worth about $317,751,000. Vanguard Group Inc. increased its position in shares of Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after acquiring an additional 1,973,294 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Micron Technology by 2.7% in the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after acquiring an additional 1,349,713 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Summary

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.