Micron Technology (NASDAQ:MU) Stock Price Up 7% After Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU) shares traded up 7% on Friday after Citigroup raised their price target on the stock from $300.00 to $330.00. Citigroup currently has a buy rating on the stock. Micron Technology traded as high as $268.38 and last traded at $265.92. 59,096,455 shares traded hands during mid-day trading, an increase of 147% from the average session volume of 23,939,158 shares. The stock had previously closed at $248.55.

Several other research firms have also recently commented on MU. Barclays lifted their target price on Micron Technology from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday. Stifel Nicolaus raised their price target on Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Cowen reiterated a “buy” rating on shares of Micron Technology in a report on Thursday, December 11th. Mizuho increased their target price on Micron Technology from $270.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Raymond James Financial boosted their target price on Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average target price of $282.61.

Insider Buying and Selling

In other news, CAO Scott R. Allen sold 8,800 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the transaction, the chief accounting officer directly owned 40,237 shares in the company, valued at $8,450,574.74. The trade was a 17.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 369,852 shares of company stock worth $79,364,303. Company insiders own 0.24% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Blowout Q1 results and blowout guidance — Micron reported record Q1 revenue and earnings, wide margin expansion and gave Q2 guidance well above consensus (revenue and EPS guidance materially raised), which is the primary driver of the rally. Micron Q1 press release
• Positive Sentiment: AI/HBM demand is overwhelming supply — management said high‑bandwidth memory orders are essentially sold out and data‑center/AI demand is driving a tight DRAM/HBM market, supporting pricing and margin upside. CNBC: Micron stock pops 14% as AI memory demand soars
• Positive Sentiment: Analysts responded with upgrades and price‑target lifts — major firms have raised ratings and targets (multiple $300+ targets, some to $350+), increasing buy signals and bringing institutional interest. MarketBeat: Micron’s Q1 results
• Positive Sentiment: Sector/macro tailwinds — cooler inflation and easing yields boosted tech ETFs and created an environment where investors move into tech and semiconductor ETFs that have heavy MU exposure. Zacks: Tech ETFs to Buy as Micron Rallies
• Neutral Sentiment: Strong cash generation but heavy near‑term capex — Micron reported record operating cash flow and strong adjusted free cash flow while also investing several billion in capex to expand capacity; that supports growth but raises execution/capital‑allocation watchpoints. QuiverQuant Q1 summary
• Neutral Sentiment: Insider selling is significant — filings show notable insider sales over recent months; this is common with compensation schedules but is a signal some investors watch for potential near‑term selling pressure. QuiverQuant: social + insider data
• Negative Sentiment: Valuation and volatility risk — the stock already reflects strong forward expectations (multiple price‑target raises), which increases the risk of profit‑taking or sharp moves if guidance execution or AI demand growth re‑rates. Analysts and commentators urge watching sustainability of pricing and supply dynamics. Investopedia: Will momentum last?

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently bought and sold shares of MU. REAP Financial Group LLC bought a new position in shares of Micron Technology during the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Micron Technology during the 3rd quarter valued at approximately $27,000. Cullen Frost Bankers Inc. raised its position in Micron Technology by 79.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 88 shares during the last quarter. First Command Advisory Services Inc. lifted its holdings 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 buying an additional 153 shares during the period. Finally, Osterweis Capital Management Inc. grew its position in shares of Micron Technology by 205.5% in the 3rd quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Up 7.0%

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock has a market capitalization of $298.93 billion, a PE ratio of 25.28, a PEG ratio of 0.33 and a beta of 1.54. The company has a 50 day moving average price of $226.67 and a 200-day moving average price of $163.42.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 23.56%. The firm’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 earnings per share. 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 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

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.