Micron Technology (NASDAQ:MU) Shares Up 5.1% After Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU)’s stock price traded up 5.1% during trading on Monday after Citigroup raised their price target on the stock from $385.00 to $430.00. Citigroup currently has a buy rating on the stock. Micron Technology traded as high as $390.00 and last traded at $389.32. 34,905,220 shares traded hands during trading, a decline of 3% from the average session volume of 35,976,895 shares. The stock had previously closed at $370.30.

Several other research firms also recently weighed in on MU. Rosenblatt Securities restated a “buy” rating and issued a $500.00 price target on shares of Micron Technology in a research note on Tuesday, January 20th. Phillip Securities raised shares of Micron Technology to a “strong-buy” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Micron Technology from $200.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Mizuho lifted their price target on shares of Micron Technology from $390.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Micron Technology in a report on Thursday, January 29th. Six 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $381.14.

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. The trade was a 9.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Teyin M. Liu bought 7,820 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were acquired at an average price of $337.50 per share, for a total transaction of $2,639,250.00. Following the completion of the transaction, the director directly owned 25,910 shares in the company, valued at approximately $8,744,625. This represents a 43.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $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: Multiple analyst price-target raises and buy/positive ratings (Stifel, Susquehanna, Citi, UBS, Aletheia) are lifting sentiment and providing fresh upside estimates that support buying ahead of earnings. Server DDR5 Is A Promising Opportunity For Micron Technology, Inc. (MU), Says Stifel Aletheia Lifts PT on Micron to $650
• Positive Sentiment: Product and supply wins: Micron began shipping samples of a 256GB SOCAMM2 LPDRAM (co‑designed with NVIDIA) and opened a new India assembly/test facility — moves that strengthen its AI-memory roadmap and broaden manufacturing footprint. These developments underpin demand narrative and potential margin leverage. Micron’s AI Memory Milestone And India Expansion Raise Valuation Questions
• Positive Sentiment: Supply-tightness checks and locked HBM commitments are supporting pricing power; several pieces (UBS, Seeking Alpha previews) argue DRAM/HBM pricing and prepayments de‑risk near-term revenue and could drive another earnings beat/guidance lift. Micron Is Likely To Beat Earnings Again And Rise (Preview) UBS Sees Prolonged Supply Tightness Supporting Micron
• Neutral Sentiment: Index/ETF flows: Micron’s addition to the S&P 100 and large weightings in value/low‑vol ETFs (e.g., VLUE) can boost passive demand, but also concentrates exposure for funds — a mixed effect on short-term liquidity. Micron’s S&P 100 Debut Highlights Expanding Role In AI Memory Worried About Volatility? These 3 ETFs Have You Covered (MU)
• Negative Sentiment: Nvidia reportedly selected Samsung and SK Hynix for HBM4 supply — a potential competitive setback if Nvidia shifts more high‑end HBM demand away from Micron. That news tempers the otherwise bullish AI-memory narrative. Nvidia Selects HBM4 Memory Suppliers
• Negative Sentiment: Valuation and rotation risks: several commentaries warn Micron’s rally has been large and fast — some strategists flag vulnerability to a pullback or that parts of the market (including hot AI names) are overbought. These critique the upside and increase volatility risk around earnings. 2 AI Stocks to Sell Before They Fall (includes Micron) Micron Investors Just Got Terrible News From Nvidia

Institutional Investors Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. REAP Financial Group LLC purchased a new position in Micron Technology during the third quarter worth $25,000. High Note Wealth LLC lifted its holdings in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Micron Technology in the 3rd quarter worth about $27,000. Elevation Wealth Partners LLC boosted its stake in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares during the period. Finally, Steigerwald Gordon & Koch Inc. boosted its stake in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Price Performance

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 capitalization of $438.18 billion, a P/E ratio of 37.01 and a beta of 1.50. The firm’s fifty day moving average is $381.87 and its 200 day moving average is $265.50.

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

Micron Technology Dividend Announcement

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

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.