Micron Technology (NASDAQ:MU) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Micron Technology (NASDAQ:MU) to a moderate buy rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Micron Technology from $205.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. UBS Group upped their target price on Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. New Street Research restated a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price target on Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Five research 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $326.66.

Micron Technology Stock Up 7.8%

NASDAQ:MU opened at $362.75 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The company has a market cap of $408.28 billion, a PE ratio of 34.48, a PEG ratio of 0.20 and a beta of 1.50. Micron Technology has a 52-week low of $61.54 and a 52-week high of $365.81. The stock has a 50-day simple moving average of $267.89 and a 200 day simple moving average of $191.79.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The firm 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 business’s revenue was up 56.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, sell-side analysts expect that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. Micron Technology’s payout ratio is currently 4.37%.

Insider Activity at Micron Technology

In related news, Director Teyin M. Liu acquired 11,600 shares of the stock in a transaction dated Wednesday, January 14th. The stock was purchased at an average cost of $337.22 per share, with a total value of $3,911,752.00. Following the completion of the purchase, the director directly owned 25,910 shares in the company, valued at $8,737,370.20. This trade represents a 81.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven J. Gomo sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the transaction, the director directly owned 19,139 shares in the company, valued at $5,045,614.57. The trade was a 20.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 318,800 shares of company stock worth $72,333,387 over the last quarter. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Several large investors have recently modified their holdings of the stock. Omnia Family Wealth LLC grew its holdings in Micron Technology by 2.1% during the fourth quarter. Omnia Family Wealth LLC now owns 1,464 shares of the semiconductor manufacturer’s stock valued at $418,000 after purchasing an additional 30 shares during the period. Sunflower Bank N.A. lifted its position in shares of Micron Technology by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 1,668 shares of the semiconductor manufacturer’s stock valued at $476,000 after buying an additional 34 shares during the last quarter. Rialto Wealth Management LLC grew its stake in shares of Micron Technology by 3.5% during the 4th quarter. Rialto Wealth Management LLC now owns 1,061 shares of the semiconductor manufacturer’s stock worth $303,000 after acquiring an additional 36 shares during the period. Montecito Bank & Trust grew its stake in shares of Micron Technology by 0.7% during the 4th quarter. Montecito Bank & Trust now owns 5,487 shares of the semiconductor manufacturer’s stock worth $1,566,000 after acquiring an additional 40 shares during the period. Finally, M3 Advisory Group LLC raised its stake in Micron Technology by 2.9% in the 4th quarter. M3 Advisory Group LLC now owns 1,403 shares of the semiconductor manufacturer’s stock valued at $400,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Micron celebrated the official groundbreaking for its planned New York “megafab” — a multi‑year, large‑scale investment that underpins long‑term capacity growth for AI DRAM/NAND demand and signals strong political and local support. Read More.
• Positive Sentiment: High‑profile insider buys: former TSMC co‑CEO Mark Liu purchased several million dollars of MU shares and director Teyin M. Liu disclosed a ~$3.9M purchase — management and industry veteran buying is a strong confidence signal for investors. Read More.
• Positive Sentiment: Wall Street lifted targets and coverage: Cantor Fitzgerald and others raised targets (Cantor to $450), RBC initiated with Outperform, Wells Fargo and Citi raised theirs — these notes broaden institutional demand and support higher valuations. Read More.
• Positive Sentiment: Analyst/market commentary points to strong AI data‑center demand and Micron’s HBM ramp, reinforcing revenue/margin upside expectations tied to the AI memory shortage. Read More.
• Neutral Sentiment: Media coverage highlights MU as a top semiconductor/AI pick (Zacks, Investopedia): helps attract flows, but also places MU into a crowded thematic trade that can amplify intra‑day moves. Read More.
• Neutral Sentiment: CEO and company commentary emphasize ongoing AI memory tightness — bullish for fundamentals but timing/size of revenue realization remains the key variable for investors. Read More.
• Negative Sentiment: Risk/volatility reminders: analysts and commentators note MU’s history of sharp drawdowns and the potential for profit‑taking after a massive rerating, which raises short‑term downside risk despite strong momentum. Read More.
• Negative Sentiment: Competition/rotation risk: some analysts warn other AI chip names could soak up investor flows, and thematic rotation could redirect capital away from memory names if expectations shift. Read More.

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.