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

Micron Technology, Inc. (NASDAQ:MU)’s stock price traded up 9.9% 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 changed hands during trading, an increase of 24% from the average session volume of 38,518,184 shares. The stock had previously closed at $373.25.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company increased their price target on Micron Technology from $335.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Piper Sandler increased their target price on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. HSBC lifted their price target on shares of Micron Technology from $350.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. TD Cowen upped their price objective on shares of Micron Technology from $300.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, UBS Group raised their target price on Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. 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 presently has an average rating of “Buy” and an average target price of $353.21.

Insiders Place Their Bets

In other news, EVP Manish H. Bhatia sold 26,623 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. This trade represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Gomo sold 5,000 shares of Micron Technology 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. The trade was a 20.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is owned by insiders.

Key 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

Hedge funds and other institutional investors have recently bought and sold shares of the business. REAP Financial Group LLC purchased a new position in shares of Micron Technology in the 3rd quarter worth about $25,000. High Note Wealth LLC boosted its stake in Micron Technology by 65.4% in the fourth 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 last quarter. First Command Advisory Services Inc. grew its position in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Micron Technology during the 3rd quarter worth approximately $27,000. Finally, Elevation Wealth Partners LLC raised its holdings in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Up 9.9%

The firm has a 50 day moving average of $324.22 and a 200 day 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. 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 earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping 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 period last year, the business posted $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. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders 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 annualized dividend and a dividend 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.