Micron Technology (NASDAQ:MU) Shares Up 4.5% Following Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU)’s share price traded up 4.5% on Tuesday after TD Cowen raised their price target on the stock from $450.00 to $500.00. TD Cowen currently has a buy rating on the stock. Micron Technology traded as high as $462.73 and last traded at $461.69. 42,300,354 shares traded hands during trading, an increase of 17% from the average session volume of 36,143,082 shares. The stock had previously closed at $441.80.

A number of other research analysts have also commented on MU. UBS Group boosted their price target on shares of Micron Technology to $475.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Morgan Stanley increased their price objective on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on Micron Technology from $200.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Wells Fargo & Company upped their target price on Micron Technology from $410.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Raymond James Financial raised their price target on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Six equities 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 presently has a consensus rating of “Buy” and an average price target of $394.59.

Insider Transactions at Micron Technology

In related news, EVP Manish H. Bhatia sold 26,623 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the transaction, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This trade represents a 7.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sumit Sadana sold 25,000 shares of Micron Technology stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the transaction, the executive vice president owned 248,021 shares in the company, valued at $106,621,747.69. This trade represents a 9.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders bought 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Company insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron said HBM4, PCIe Gen6 SSD and SOCAMM2 products are in high‑volume production — a direct revenue lever for AI datacenter customers (NVIDIA Vera Rubin mention) that validates demand and supports margins. Micron in High-Volume Production of HBM4
• Positive Sentiment: Micron completed acquisition of a Taiwan site and plans a second fab there to expand DRAM/HBM capacity, a strategic move tied to multi‑year AI memory tightness and future revenue (impact expected from FY2028 shipments). Micron plans second chip facility at newly acquired Taiwan site
• Positive Sentiment: Multiple brokers (RBC, TD Cowen, Baird, Rosenblatt and others) have raised price targets and reiterated Buy/Outperform calls on MU, signaling continued analyst confidence that AI memory pricing and DRAM tightness justify a higher valuation. Why Is Micron Technology Stock Gaining Tuesday?
• Neutral Sentiment: Micron reports Q2 earnings after the close on March 18 — the report is the near‑term catalyst that could confirm outsized revenue and margin guidance or introduce volatility if guidance falls short of elevated expectations. Micron’s stock rises as enthusiasm builds ahead of earnings
• Neutral Sentiment: Macro events this week (Fed rate decision and February PPI) could amplify market moves and change risk appetite into earnings, so broad market direction may affect MU’s post‑earnings reaction. Fed decision, inflation data, Micron earnings: What to Watch
• Negative Sentiment: Options markets show very high implied volatility and heavy call positioning into earnings; some analysts warn this positioning and gamma could “pin” the stock or produce a disappointed reaction even after strong results. That raises short‑term downside risk. Micron’s Stock May Plunge Following Earnings Results
• Negative Sentiment: There are cautionary takes arguing the memory cycle could roll over sooner than bullish forecasts assume and that MU’s rapid rerating leaves it exposed if supply/demand dynamics shift. Micron: Memory Downcycle Sooner Than Expected

Institutional Investors Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MU. Orleans Capital Management Corp LA purchased a new stake in shares of Micron Technology during the 2nd quarter worth approximately $256,000. iA Global Asset Management Inc. boosted its position in Micron Technology by 18.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock valued at $24,578,000 after buying an additional 23,117 shares during the period. Cary Street Partners Financial LLC grew its stake in Micron Technology by 25.0% in the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after purchasing an additional 5,233 shares in the last quarter. Wealthspire Advisors LLC grew its position in shares of Micron Technology by 27.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after buying an additional 3,208 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock worth $15,962,000 after acquiring an additional 8,489 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Trading Up 4.5%

The stock’s 50 day moving average price is $396.30 and its 200-day moving average price is $278.51. The stock has a market capitalization of $519.64 billion, a P/E ratio of 43.89 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 (NASDAQ:MU) last posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the prior year, the company posted $1.79 earnings per share. Micron Technology’s revenue for the quarter was up 56.7% compared to the same quarter last year. As a group, equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

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.