Micron Technology (NASDAQ:MU) Trading 3.5% Higher on Analyst Upgrade

Shares of Micron Technology, Inc. (NASDAQ:MU) rose 3.5% during trading on Tuesday after Citigroup raised their price target on the stock from $385.00 to $430.00. Citigroup currently has a buy rating on the stock. Micron Technology traded as high as $415.31 and last traded at $403.11. Approximately 33,440,121 shares were traded during trading, a decline of 7% from the average daily volume of 36,013,273 shares. The stock had previously closed at $389.32.

A number of other equities analysts have also recently issued reports on MU. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Wells Fargo & Company upped their target price on shares of Micron Technology from $335.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. UBS Group boosted their price objective on shares of Micron Technology to $475.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Micron Technology in a report on Thursday, January 29th. Finally, Needham & Company LLC increased their price objective on Micron Technology from $380.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Six 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.com, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $381.14.

Insider Buying and Selling at Micron Technology

In related news, EVP Manish H. Bhatia sold 26,623 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 sale, the chief accounting officer owned 38,237 shares of the company’s stock, valued at $12,904,987.50. The trade was a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. 0.24% of the stock is currently owned by corporate insiders.

More Micron Technology News

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

• Positive Sentiment: Expanded partnership momentum — reports say an expanding partnership (co‑development work with NVIDIA) is a key reason shares are rising today. Why Micron Technology Stock Is Rising Today
• Positive Sentiment: Product & supply footprint wins — Micron has begun customer sampling of a 256GB SOCAMM2 LPDRAM module (co‑designed for AI servers) and opened an advanced assembly/test facility in India, strengthening its AI memory roadmap and supply resilience. Micron’s AI Memory Milestone And India Expansion Raise Valuation Questions
• Positive Sentiment: Big analyst price‑target upgrades and buy ratings — multiple firms (Stifel, Susquehanna, Citi, UBS, Aletheia and others) have recently raised targets or reiterated Buy ratings, citing tighter supply and stronger AI-driven pricing. These upgrades are boosting investor confidence. Server DDR5 Is A Promising Opportunity For Micron Aletheia Lifts PT to $650
• Positive Sentiment: Near‑term earnings catalyst — the market is pricing in a beat for the March 18 report (guidance and pricing commentary). Heavy pre‑earnings positioning is amplifying moves. Earnings Preview
• Neutral Sentiment: Sector/technical momentum — memory stocks are rallying broadly (SanDisk, others), and MU has seen large recent gains (Zacks notes ~51% in three months), which can attract momentum flows but also raises volatility. Micron Stock Soars 51% in Three Months
• Neutral Sentiment: Inclusion & ETF exposure — Micron’s S&P‑100 debut and heavy weighting in some ETFs (e.g., value/low‑volatility funds) increase passive demand but also make it sensitive to index/flow dynamics. ETF Exposure Note
• Negative Sentiment: Competitive HBM4 selection — reports say NVIDIA has chosen Samsung and SK Hynix for HBM4 suppliers, which raises questions about Micron’s share of next‑gen high‑bandwidth memory for some AI GPUs. That news acts as a near‑term headwind for sentiment. Nvidia Selects HBM4 Memory Suppliers
• Negative Sentiment: HBM4 / “Vera Rubin” fears and competition — analysis pieces warn that HBM4 concerns and intensifying competition in AI memory could cap upside or introduce volatility despite solid near‑term fundamentals. HBM4 Fears Article

Hedge Funds Weigh In On Micron Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orleans Capital Management Corp LA acquired a new stake in Micron Technology in the second quarter valued at approximately $256,000. iA Global Asset Management Inc. boosted its position in shares of Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock valued at $24,578,000 after acquiring an additional 23,117 shares during the last quarter. Cary Street Partners Financial LLC increased its stake in Micron Technology by 25.0% during the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after acquiring an additional 5,233 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in Micron Technology by 27.8% during the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after buying an additional 3,208 shares during the period. Finally, Wealthfront Advisers LLC grew its stake in shares of Micron Technology by 9.8% in the third quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock valued at $15,962,000 after buying an additional 8,489 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Price Performance

The company has a market capitalization of $453.70 billion, a PE ratio of 38.32 and a beta of 1.50. The stock’s 50 day simple moving average is $381.87 and its 200-day simple moving average is $265.50. 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) last posted its quarterly 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 company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same quarter last year, the company earned $1.79 EPS. Micron Technology’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. As a group, equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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