Micron Technology (NASDAQ:MU) Shares Up 6.6% on Analyst Upgrade
by Amy Steele · The Cerbat GemMicron Technology, Inc. (NASDAQ:MU – Get Free Report)’s share price traded up 6.6% during mid-day trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $300.00 to $360.00. Stifel Nicolaus currently has a buy rating on the stock. Micron Technology traded as high as $394.20 and last traded at $389.11. 54,206,741 shares traded hands during trading, an increase of 50% from the average session volume of 36,192,406 shares. The stock had previously closed at $365.00.
Other analysts have also issued research reports about the company. Wedbush set a $320.00 price objective on Micron Technology in a research note on Thursday, December 18th. Royal Bank Of Canada began coverage on shares of Micron Technology in a report on Thursday, January 15th. They set an “outperform” rating and a $425.00 target price on the stock. KeyCorp lifted their price objective on shares of Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. TD Cowen upped their target price on Micron Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, New Street Research reiterated a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and a consensus target price of $340.79.
View Our Latest Research Report on MU
Insider Activity
In other Micron Technology news, Director Teyin M. Liu purchased 11,600 shares of the stock in a transaction on Wednesday, January 14th. The shares were purchased at an average price of $337.22 per share, with a total value of $3,911,752.00. Following the acquisition, the director directly owned 25,910 shares in the company, valued at approximately $8,737,370.20. The trade was a 81.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated 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 owned 165,618 shares in the company, valued at $45,891,091.62. The trade was a 8.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 287,500 shares of company stock worth $65,892,908. Company insiders own 0.24% of the company’s stock.
Micron Technology News Roundup
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Record demand / confirmed AI sell-through: Micron executives say AI infrastructure demand has created an “unprecedented” memory shortage and that sell‑through to AI leaders is essentially complete, supporting tighter pricing and near-term revenue strength. Article Title
- Positive Sentiment: Capacity expansion — Taiwan fab deal & megafab groundbreaking: Micron bought Powerchip’s P5 site in Taiwan and broke ground on a New York “megafab,” moves that investors view as de‑risking supply and supporting longer‑term growth in AI memory. Article Title
- Positive Sentiment: Analyst upgrades & higher price targets: Multiple firms raised ratings/targets (TD Cowen to $450, Rosenblatt reaffirm/bumped to $500; Stifel raised target), fueling upside expectations and buy-side momentum. Article Title
- Positive Sentiment: Strong narrative from commentators: High‑profile bulls (Jim Cramer and other outlets) argue Micron’s DRAM/NAND market share gains and constrained supply leave room for further upside, attracting retail and institutional interest. Article Title
- Neutral Sentiment: Technical/trading signals & flow: Traders flagged a Power Inflow signal and strong relative price strength, which likely amplified intraday buying but are more short‑term drivers. Article Title
- Negative Sentiment: Rising short interest & heavy insider selling: Reports show short interest growing and significant insider sales by several executives — factors that could add volatility or signal some profit‑taking risk. Article Title
- Negative Sentiment: Capex and peak‑cycle risk: Analysts and deep‑dive commentaries warn that unprecedented capex to expand memory capacity creates execution risk and could pressure margins if demand normalizes. Article Title
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. REAP Financial Group LLC purchased a new stake in shares of Micron Technology during the third quarter valued at about $25,000. First Command Advisory Services Inc. raised its position in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 153 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Micron Technology during the third quarter worth about $27,000. Elevation Wealth Partners LLC increased its holdings in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Micron Technology Stock Performance
The stock has a market cap of $437.95 billion, a PE ratio of 36.99 and a beta of 1.50. The firm has a 50 day moving average of $272.56 and a two-hundred day moving average of $196.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78.
Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $12.62 billion. During the same quarter in the previous year, the company posted $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. 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 announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology’s dividend payout ratio is 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.