Micron Technology (NASDAQ:MU) Shares Up 2.2% – Time to Buy?

Shares of Micron Technology, Inc. (NASDAQ:MU) shot up 2.2% during trading on Thursday . The company traded as high as $397.78 and last traded at $397.58. 38,809,247 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 36,544,195 shares. The stock had previously closed at $389.11.

Micron Technology News Summary

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

• Positive Sentiment: Record Q1 results and aggressive Q2 guidance — revenue +57% YoY, EPS +167% YoY, DRAM up ~69%, large gross- and operating-margin expansion; Q2 guidance implies much higher YoY revenue, margin and EPS growth, which supports a re-rating of MU. Micron: This Party Is Just Getting Started
• Positive Sentiment: Multiple analyst upgrades and price-target hikes (including TD Cowen and Stifel) are lifting sentiment and targeting higher upside, reinforcing buy-side interest. TD Cowen Increases Micron Technology (NASDAQ:MU) Price Target to $450.00
• Positive Sentiment: Strategic capacity move — Micron’s ~$1.8B acquisition of a Taiwan fab boosts supply control and supports pricing power amid tight AI memory supply. Investors see this as de-risking long-term AI-related DRAM/HBM supply constraints. Why is Micron stock surging nearly 7% on Wednesday?
• Positive Sentiment: High-profile bullish coverage (Barron’s, Barclays, William Blair) and TV/market commentary (Jim Cramer) are amplifying momentum and retail/institutional interest. Micron Stock Gets a New Fan. The Memory-Chip Boom Can Last This Long.
• Positive Sentiment: Analyst view: memory is a near-term bottleneck for AI buildout and Micron can sustain elevated pricing and margins for years — one analyst says profits could quadruple over two years. Micron’s business is so hot that profits could quadruple in just two years, says this analyst
• Neutral Sentiment: Momentum indicators — MU has been trending strongly on TipRanks and recent market screens, reflecting momentum trading as much as fundamentals. That can add volatility around earnings/guidance beats. Micron Trending With Analysts Amid AI Memory Supercycle
• Neutral Sentiment: Shareholder governance updates were approved at the annual meeting — removes a governance overhang but is unlikely to move fundamentals immediately. Micron Shareholders Back Leadership, Governance Changes at Meeting
• Negative Sentiment: Bear case / valuation caution — some analysts and commentators warn the rally may be overextended; at least one piece argues it’s time to sell, which could weigh on short-term sentiment if concerns spread. Micron: This Time Is Not Different, It’s Time To ‘Sell’ (Downgrade)
• Negative Sentiment: Short interest has risen markedly, which can amplify volatility and create downside pressure if sentiment reverses. Micron Technology, Inc. (NASDAQ:MU) Sees Large Growth in Short Interest

Analyst Upgrades and Downgrades

MU has been the subject of several analyst reports. Bank of America boosted their target price on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $335.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. lifted their price target on Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Stifel Nicolaus upped their price objective on Micron Technology from $300.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Four investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $340.79.

Micron Technology Stock Up 2.2%

The stock has a 50 day moving average price of $275.45 and a 200 day moving average price of $197.54. The stock has a market capitalization of $447.48 billion, a price-to-earnings ratio of 37.79 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $12.62 billion. During the same quarter in the prior year, the firm posted $1.79 earnings per share. The firm’s revenue 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, analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Activity

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the sale, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. The trade was a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 287,500 shares of company stock worth $65,892,908. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

Institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in shares of Micron Technology by 76.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 57,044 shares of the semiconductor manufacturer’s stock worth $16,281,000 after buying an additional 24,792 shares during the period. City Holding Co. boosted its position in Micron Technology by 400.0% during the fourth quarter. City Holding Co. now owns 500 shares of the semiconductor manufacturer’s stock valued at $143,000 after acquiring an additional 400 shares during the last quarter. Premier Path Wealth Partners LLC boosted its position in Micron Technology by 7.4% during the fourth quarter. Premier Path Wealth Partners LLC now owns 4,528 shares of the semiconductor manufacturer’s stock valued at $1,292,000 after acquiring an additional 312 shares during the last quarter. Triad Wealth Partners LLC grew its holdings in Micron Technology by 41.6% during the 4th quarter. Triad Wealth Partners LLC now owns 2,356 shares of the semiconductor manufacturer’s stock worth $672,000 after acquiring an additional 692 shares during the period. Finally, Spirepoint Private Client LLC raised its position in shares of Micron Technology by 32.8% in the 4th quarter. Spirepoint Private Client LLC now owns 1,845 shares of the semiconductor manufacturer’s stock worth $527,000 after acquiring an additional 456 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

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.