Micron Technology (NASDAQ:MU) Shares Gap Up After Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU) gapped up prior to trading on Wednesday after Morgan Stanley raised their price target on the stock from $350.00 to $450.00. The stock had previously closed at $373.25, but opened at $395.39. Morgan Stanley currently has an overweight rating on the stock. Micron Technology shares last traded at $389.7080, with a volume of 13,721,451 shares traded.

Several other analysts have also recently commented on the stock. Wells Fargo & Company raised their price target on shares of Micron Technology from $335.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. The Goldman Sachs Group boosted their price target on Micron Technology from $205.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, December 18th. JPMorgan Chase & Co. raised their target price on Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. HSBC upped their price target on shares of Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Bank of America lifted their price target on shares of Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. 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 has an average rating of “Buy” and a consensus target price of $353.21.

Insider Buying and Selling at Micron Technology

In other news, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the sale, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the sale, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Corporate insiders own 0.24% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Morgan Stanley raised its price target to $450 and kept an “overweight” rating, giving the stock further analyst momentum and upward valuation support. Morgan Stanley raises PT
• Positive Sentiment: UBS also lifted its price target to $450, echoing the recent consensus of higher targets and reinforcing buy-side conviction. UBS raises PT
• Positive Sentiment: Barron’s reports Micron’s CFO expressed confidence in its next‑gen HBM product and said competitive fears are easing, a key message for investors focused on AI memory content wins. Barron’s: Competition fears easing
• Positive Sentiment: TD Cowen and other bullish analysts have floated much higher bull-case targets (e.g., a $600 call), underscoring expectations for prolonged DRAM/HBM tightness and large AI-driven demand. TipRanks: $600 bull target
• Positive Sentiment: Coverage from Forbes, Zacks and others highlights Micron as a “hidden winner” in AI hardware and notes it has outperformed some peers due to HBM demand and tight supply — supporting a re-rating narrative. Forbes: Hidden winner
• Neutral Sentiment: Technical indicators have flashed bullish signals (recent trading signal noted at ~$370), which can attract momentum traders but don’t change fundamentals. Benzinga: trading signal
• Neutral Sentiment: Macro note: several pieces review the memory “supercycle” thesis — this supports upside in the near term but also reminds investors the sector is cyclical and volatile. Fool: memory supercycle
• Negative Sentiment: Near-term risks remain: reports about Samsung’s next‑gen production and concerns about Nvidia’s roadmap have pressured the stock at times — competitors’ tech ramps could temper Micron’s pricing power if supply dynamics shift. Investing: Samsung production news MarketWatch: Nvidia fears

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the business. REAP Financial Group LLC purchased a new position in shares of Micron Technology in the third quarter worth $25,000. High Note Wealth LLC increased its position in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 34 shares during the period. First Command Advisory Services Inc. raised its stake in Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 153 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Micron Technology during the 3rd quarter worth about $27,000. Finally, Elevation Wealth Partners LLC grew its stake in Micron Technology by 295.8% during 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. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Up 5.3%

The firm has a market capitalization of $442.43 billion, a price-to-earnings ratio of 37.37 and a beta of 1.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The business has a fifty day moving average price of $324.22 and a two-hundred day moving average price of $226.41.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company’s revenue was up 56.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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

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.