Micron Technology (NASDAQ:MU) Trading 9.9% Higher Following Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU) shares shot up 9.9% during trading on Wednesday after Morgan Stanley raised their price target on the stock from $350.00 to $450.00. Morgan Stanley currently has an overweight rating on the stock. Micron Technology traded as high as $414.16 and last traded at $410.34. 47,629,275 shares were traded during mid-day trading, an increase of 24% from the average session volume of 38,518,184 shares. The stock had previously closed at $373.25.

A number of other equities analysts have also commented on MU. HSBC raised 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. Bank of America raised their target price on Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Mizuho lifted their target price on Micron Technology from $390.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $353.21.

Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $263.63, for a total value of $1,318,150.00. Following the transaction, the director directly owned 19,139 shares in the company, valued at approximately $5,045,614.57. This represents a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Manish H. Bhatia sold 26,623 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the sale, the executive vice president directly owned 323,486 shares in the company, valued at $126,495,965.44. This represents a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have bought 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. Company 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: Top analyst at TD Cowen set a new street-high $600 target for MU, citing prolonged DRAM market tightness and strong AI-driven demand — a catalyst for further upside expectations. Micron Stock Gets a New Street-High $600 Target — TD Cowen Sees 55% Upside.
• Positive Sentiment: Morgan Stanley raised its price target to $450 and kept an overweight stance, adding sell‑side firepower to the rally and reinforcing bullish investor sentiment. Benzinga Morgan Stanley PT Raise
• Positive Sentiment: Micron execs (CFO Mark Murphy) confirmed HBM4 is in high‑volume production and has started shipping — direct evidence that the company is converting AI/data‑center demand into revenue. Micron’s stock pops. Here’s what an executive just said to calm nervous investors.
• Positive Sentiment: Coverage pieces highlight pricing tailwinds from tight memory markets and structural AI demand, supporting expectations for sustained revenue and margin expansion. Can Micron (MU) Sustain Momentum? Analysts Point to Pricing Tailwinds
• Positive Sentiment: Industry commentary (Forbes, Barron’s, Zacks) emphasizes Micron’s strong positioning in AI hardware and easing competition fears — a thematic driver that supports multiple expansion. Micron Vs. Peers: The Hidden Winner In AI Hardware
• Neutral Sentiment: Management presented at the Wolfe Research conference; the transcript provides detail on strategy and end‑market demand — useful for modeling but not an immediate market mover on its own. Micron Presents at Wolfe Research Conference (Transcript)
• Negative Sentiment: Several cautionary pieces remind investors the memory sector is highly cyclical; history shows rapid reversals are possible if supply/demand dynamics change — a risk to any momentum move. How High Can Micron Go In the Memory Supercycle?
• Negative Sentiment: Some recent coverage explained the prior-day pullback and highlighted volatility drivers; investors should weigh upside catalysts against potential short-term profit‑taking. Why Micron Technology Stock Is Down Today

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Saturna Capital Corp bought a new stake in Micron Technology during the fourth quarter worth about $276,000. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Micron Technology by 12.1% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 10,815 shares of the semiconductor manufacturer’s stock valued at $3,087,000 after buying an additional 1,168 shares in the last quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. purchased a new position in shares of Micron Technology during the 4th quarter valued at about $68,913,000. All Terrain Financial Advisors LLC lifted its position in Micron Technology by 68.0% in the 4th quarter. All Terrain Financial Advisors LLC now owns 4,200 shares of the semiconductor manufacturer’s stock worth $1,199,000 after buying an additional 1,700 shares during the last quarter. Finally, Signet Private Wealth LLC purchased a new stake in Micron Technology in the fourth quarter worth approximately $277,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

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 company has a 50 day simple moving average of $324.22 and a 200-day simple moving average of $226.41. The firm has a market cap of $461.84 billion, a PE ratio of 39.01 and a beta of 1.51.

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, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same period in the previous year, the business posted $1.79 EPS. The business’s quarterly revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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