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

Micron Technology (NASDAQ:MU) had its target price hoisted by Citigroup from $385.00 to $430.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

MU has been the subject of a number of other reports. TD Cowen boosted their price objective on Micron Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Susquehanna raised their target price on Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a report on Monday. Stifel Nicolaus lifted their target price on Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wolfe Research upped their price target on Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, Mizuho increased their price target on Micron Technology from $390.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average target price of $381.14.

Micron Technology Stock Up 5.1%

Micron Technology stock opened at $389.32 on Monday. The firm has a market capitalization of $438.18 billion, a price-to-earnings ratio of 37.01 and a beta of 1.50. The firm’s fifty day moving average price is $381.87 and its two-hundred day moving average price is $265.50. Micron Technology has a 1-year low of $61.54 and a 1-year high of $455.50. 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 posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $12.62 billion. During the same period in the previous year, the firm posted $1.79 earnings per share. The firm’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts predict that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the sale, the executive vice president directly owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total value of $4,156,350.00. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Large investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares during the last quarter. Sivia Capital Partners LLC grew its position in Micron Technology by 21.7% during the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after buying an additional 628 shares during the period. United Bank purchased a new stake in Micron Technology during the second quarter worth about $236,000. Schnieders Capital Management LLC. raised its position in Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after acquiring an additional 6,867 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Micron Technology in the second quarter worth about $189,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

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

About Micron Technology

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.