Micron Technology (NASDAQ:MU) Shares Up 3.5% on Analyst Upgrade

Shares of Micron Technology, Inc. (NASDAQ:MU) rose 3.5% during trading on Tuesday 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 $415.31 and last traded at $403.11. Approximately 33,440,121 shares were traded during trading, a decline of 7% from the average daily volume of 36,013,273 shares. The stock had previously closed at $389.32.

Several other equities research analysts have also recently issued reports on the company. Sanford C. Bernstein raised their target price on Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. HSBC increased their price target on Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Mizuho boosted their price objective 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. Bank of America upped their target price on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Susquehanna increased their target price on shares of Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a research note on Monday. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $381.14.

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of Micron Technology 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven J. Gomo sold 5,000 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the sale, the director owned 19,139 shares in the company, valued at $5,045,614.57. This trade represents a 20.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Insiders own 0.24% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Strong analyst support and big price‑target raises (Citigroup, Susquehanna, Stifel, Aletheia and others) have lifted sentiment and likely contributed to buying ahead of earnings. Should You Buy Micron Stock Before March 18? Citi Analysts Say Yes.
• Positive Sentiment: Market writeups highlight AI-driven memory demand, tight HBM supply and server DDR5 opportunity — fundamentals that underpin estimates of further revenue and margin upside. AI Bottlenecks: 3 Stocks Poised to Gain from the AI Buildout
• Positive Sentiment: Company milestones — shipping large‑capacity server LPDDR modules and expanding India assembly/testing — and partnership/expansion headlines are being cited as catalysts that support a higher valuation. Micron’s AI Memory Milestone And India Expansion Raise Valuation Questions
• Positive Sentiment: Pre‑earnings momentum and sector strength are drawing investors (multiple outlets note multi‑week gains and inclusion chatter around the S&P 100), prompting short‑term buying. Micron stock draws buzz on S&P 100 inclusion
• Neutral Sentiment: General bullish coverage and “why to like” pieces (Fool, Yahoo, 247Wall) are amplifying attention but mostly restate consensus drivers rather than new, stock‑moving data. Micron Technology: Analyzing Its Potential in a Booming Industry
• Neutral Sentiment: Macro noise (e.g., a deleted Energy Secretary tweet that roiled oil markets) increases intraday volatility risk but is not MU‑specific. Deleted Tweet From Energy Secretary Sends Oil Markets on Another Wild Ride
• Negative Sentiment: Product‑sourcing news: reports that NVIDIA chose Samsung and SK Hynix for next‑gen HBM4 could pressure Micron’s hopes for share gains in that specific HBM cycle. Nvidia Selects HBM4 Memory Suppliers
• Negative Sentiment: Critical takes and concern pieces warn about concentration, competition and market cyclicality (some articles call parts of the market “vulnerable” or point to stagnation), which could amplify pullbacks if guidance disappoints. This part of the market looks ’very vulnerable’ to a deeper pullback

Institutional Trading of Micron Technology

A number of large investors have recently modified their holdings of MU. Brighton Jones LLC boosted its holdings in Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares during the period. Sivia Capital Partners LLC raised its position in Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after purchasing an additional 628 shares in the last quarter. United Bank purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $236,000. Schnieders Capital Management LLC. grew its position in shares of Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after buying an additional 6,867 shares in the last quarter. Finally, Savant Capital LLC increased its stake in shares of Micron Technology by 10.1% during the second quarter. Savant Capital LLC now owns 18,422 shares of the semiconductor manufacturer’s stock worth $2,271,000 after buying an additional 1,696 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Up 3.5%

The company’s fifty day moving average is $384.09 and its two-hundred day moving average is $267.51. The stock has a market cap of $453.70 billion, a price-to-earnings ratio of 38.32 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 announced its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. The business had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company’s revenue was up 56.7% on a year-over-year basis. During the same period last year, the business earned $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, research analysts predict that Micron Technology, Inc. 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. Stockholders of record on Monday, December 29th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology’s dividend payout ratio 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.