Micron Technology (NASDAQ:MU) Stock Price Up 7% Following Analyst Upgrade

by · The Cerbat Gem

Micron Technology, Inc. (NASDAQ:MU – Get Free Report) shares traded up 7% on Friday after Citigroup raised their price target on the stock from $300.00 to $330.00. Citigroup currently has a buy rating on the stock. Micron Technology traded as high as $268.38 and last traded at $265.92. 59,096,455 shares were traded during trading, an increase of 147% from the average session volume of 23,939,158 shares. The stock had previously closed at $248.55.

Several other research firms also recently commented on MU. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Micron Technology in a report on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $300.00 target price on shares of Micron Technology in a report on Monday. BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research note on Monday, October 13th. Finally, Itau BBA Securities initiated coverage on Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price target on the stock. Five research 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 MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $282.61.

Check Out Our Latest Stock Report on Micron Technology

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 369,852 shares of company stock valued at $79,364,303 over the last three months. 0.24% of the stock is currently owned by company insiders.

Key Headlines Impacting Micron Technology

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

  • Positive Sentiment: Blowout Q1 results and blowout guidance — Micron reported record Q1 revenue and earnings, wide margin expansion and gave Q2 guidance well above consensus (revenue and EPS guidance materially raised), which is the primary driver of the rally. Micron Q1 press release
  • Positive Sentiment: AI/HBM demand is overwhelming supply — management said high‑bandwidth memory orders are essentially sold out and data‑center/AI demand is driving a tight DRAM/HBM market, supporting pricing and margin upside. CNBC: Micron stock pops 14% as AI memory demand soars
  • Positive Sentiment: Analysts responded with upgrades and price‑target lifts — major firms have raised ratings and targets (multiple $300+ targets, some to $350+), increasing buy signals and bringing institutional interest. MarketBeat: Micron’s Q1 results
  • Positive Sentiment: Sector/macro tailwinds — cooler inflation and easing yields boosted tech ETFs and created an environment where investors move into tech and semiconductor ETFs that have heavy MU exposure. Zacks: Tech ETFs to Buy as Micron Rallies
  • Neutral Sentiment: Strong cash generation but heavy near‑term capex — Micron reported record operating cash flow and strong adjusted free cash flow while also investing several billion in capex to expand capacity; that supports growth but raises execution/capital‑allocation watchpoints. QuiverQuant Q1 summary
  • Neutral Sentiment: Insider selling is significant — filings show notable insider sales over recent months; this is common with compensation schedules but is a signal some investors watch for potential near‑term selling pressure. QuiverQuant: social + insider data
  • Negative Sentiment: Valuation and volatility risk — the stock already reflects strong forward expectations (multiple price‑target raises), which increases the risk of profit‑taking or sharp moves if guidance execution or AI demand growth re‑rates. Analysts and commentators urge watching sustainability of pricing and supply dynamics. Investopedia: Will momentum last?

Institutional Trading of Micron Technology

Large investors have recently made changes to their positions in the business. REAP Financial Group LLC purchased a new position in Micron Technology in the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Micron Technology in the 3rd quarter valued at approximately $27,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Micron Technology by 79.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 88 shares during the period. First Command Advisory Services Inc. increased its position in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its holdings in Micron Technology by 205.5% during the 3rd quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 150 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The business has a 50-day moving average of $226.67 and a 200-day moving average of $163.42. The company has a market capitalization of $298.93 billion, a P/E ratio of 25.28, a P/E/G ratio of 0.33 and a beta of 1.54.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 23.56%. The business’s revenue for the quarter was up 56.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 29th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s payout ratio is 6.06%.

Micron Technology Company Profile

(Get Free Report)

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.

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