Phillip Securities Upgrades Micron Technology (NASDAQ:MU) to Strong-Buy

Micron Technology (NASDAQ:MU) was upgraded by analysts at Phillip Securities to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Piper Sandler increased their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Morgan Stanley lifted their price target on shares of Micron Technology from $338.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Wedbush set a $320.00 price objective on Micron Technology in a report on Thursday, December 18th. William Blair started coverage on Micron Technology in a research report on Thursday, January 22nd. They issued an “outperform” rating on the stock. Finally, Bank of America boosted their price target on Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Six investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $349.76.

Micron Technology Trading Down 4.2%

Shares of Micron Technology stock opened at $419.44 on Monday. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $455.50. The business’s fifty day moving average is $309.49 and its two-hundred day moving average is $216.84. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The firm has a market cap of $472.08 billion, a PE ratio of 39.87 and a beta of 1.52.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 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 during the quarter, compared to the consensus estimate of $12.62 billion. During the same quarter in the previous year, the business earned $1.79 earnings per share. The business’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. Analysts anticipate that Micron Technology will post 6.08 earnings per share for the current year.

Insider Activity at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the transaction, the executive vice president directly owned 165,618 shares of the company’s stock, valued at approximately $45,891,091.62. The trade was a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total transaction of $675,000.00. Following the completion of the transaction, the chief accounting officer owned 38,237 shares of the company’s stock, valued at $12,904,987.50. This trade represents a 4.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have bought 23,200 shares of company stock valued at $7,821,723 and have sold 61,123 shares valued at $19,547,151. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently bought and sold shares of MU. Manning & Napier Advisors LLC raised its position in shares of Micron Technology by 2.4% during the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after acquiring an additional 24 shares in the last quarter. Round Rock Advisors LLC boosted its holdings in Micron Technology by 0.6% in the fourth quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock worth $1,237,000 after purchasing an additional 25 shares during the period. Arlington Trust Co LLC increased its stake in Micron Technology by 26.3% during the fourth quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 25 shares during the last quarter. Manuka Financial LLC raised its holdings in shares of Micron Technology by 2.3% during the fourth quarter. Manuka Financial LLC now owns 1,243 shares of the semiconductor manufacturer’s stock worth $355,000 after purchasing an additional 28 shares during the period. Finally, Valued Wealth Advisors LLC raised its holdings in shares of Micron Technology by 20.9% during the fourth quarter. Valued Wealth Advisors LLC now owns 168 shares of the semiconductor manufacturer’s stock worth $48,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Major expansion: Micron launched a planned $24 billion Singapore NAND megafab, a large-capex project that strengthens its NAND supply position and supports long-term revenue from AI and hyperscaler customers. Micron Technology (MU) Is Up 6.7% After Launching $24 Billion Singapore NAND Megafab Project
• Positive Sentiment: Analyst bullishness: Mizuho raised its price target to $480 and kept an outperform rating, signaling continued analyst confidence in Micron’s AI-driven demand trajectory. Mizuho Lifts Micron Technology, Inc. (MU)’s Price Target To $480, Maintains Outperform Rating
• Positive Sentiment: High-end demand thesis: Phillip Securities (coverage cited by outlets) has pushed price targets as high as $500 on HBM/AI memory demand and upgraded Micron to strong-buy, supporting the bullish narrative. Micron Technology upgrade reported on Zacks
• Positive Sentiment: Customer signals: Apple’s commentary on memory constraints was interpreted as favorable for suppliers like Micron, reinforcing expectations for continued strong memory purchases by large OEMs. Apple CEO Tim Cook Just Gave Great News to Micron Investors
• Neutral Sentiment: Mixed analyst moves: Some outlets reported a price-target bump to $356.87 — an increase but still below current levels — which is a mixed signal about near-term upside. Micron Technology (MU) price target increased by 11.59% to 356.87
• Negative Sentiment: Profit-taking and options activity: After a rapid run (shares more than doubled from November lows), classic profit-taking and unusual options flows are driving near-term selling pressure. Micron stock sinks after big rally: why profit-taking is hitting now
• Negative Sentiment: Valuation caution: Commentary from analysts and investors warns that many AI tailwinds may already be priced in, creating risk of pullbacks if growth or margin beats slow. Micron: Tailwinds Priced In
• Negative Sentiment: Near-term dip explanations: Coverage summarizing yesterday’s decline points to the combination of profit-taking and the market digesting heavy capex commitments, which is pressuring the stock today. Why Micron (MU) Dipped More Than Broader Market Today

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.