Micron Technology (NASDAQ:MU) Trading 2.3% Higher After Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU)’s stock price rose 2.3% during mid-day trading on Friday after New Street Research upgraded the stock from a neutral rating to a buy rating. New Street Research now has a $1,250.00 price target on the stock. Micron Technology traded as high as $984.00 and last traded at $971.66. Approximately 27,638,562 shares changed hands during trading, a decline of 39% from the average session volume of 45,330,215 shares. The stock had previously closed at $949.83.

Several other equities analysts have also issued reports on MU. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research report on Friday, August 7th. Wells Fargo & Company boosted their price objective on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. UBS Group reissued a “buy” rating on shares of Micron Technology in a research note on Monday. Cantor Fitzgerald restated an “overweight” rating and issued a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $1,259.97.

Insiders Place Their Bets

In other news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 162,179 shares of company stock worth $167,811,861. 0.24% of the stock is currently owned by company insiders.

Micron Technology News Roundup

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

• Positive Sentiment: New Street upgraded Micron to “Buy” and set a $1,250 price target, arguing that AI-driven demand could make memory less cyclical. The firm’s long-term thesis projects more than $600 billion in cash and $150 billion of annual free cash flow by 2030, implying substantial upside from recent levels. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
• Positive Sentiment: Coverage continues to highlight surging AI-related memory demand, strong HBM4 execution, and sold-out high-performance memory capacity. Analysts are raising revenue forecasts and price targets, while recent quarterly results substantially exceeded expectations, reinforcing the company’s earnings momentum. Can Micron’s AI Memory Focus Help It Outpace SK Hynix and Sandisk?
• Positive Sentiment: Micron launched the $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack. The initiative could deepen relationships with emerging AI companies and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
• Neutral Sentiment: Cooling producer-price inflation reduced concerns about a near-term Federal Reserve rate hike and helped lift technology and semiconductor stocks broadly. This improves the market backdrop for high-beta shares such as MU, but is a macro rather than company-specific catalyst. Soft PPI Data Makes These Three Chip Stocks Worth Buying
• Negative Sentiment: China’s YMTC has overtaken Micron in NAND shipments, raising concerns about competition and potential pricing pressure in storage products. In addition, investor Michael Burry reportedly increased bearish positions tied to Micron and the broader technology sector, underscoring skepticism about the rally’s sustainability. Michael Burry Ramped Up His Bets Against Micron

Hedge Funds Weigh In On Micron Technology

A number of institutional investors have recently bought and sold shares of MU. Heritage Trust Co boosted its position in Micron Technology by 9.7% in the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after purchasing an additional 1,323 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of Micron Technology during the 1st quarter worth approximately $3,709,000. Legacy Wealth Management LLC MS increased its holdings in shares of Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after purchasing an additional 1,499 shares in the last quarter. PKO BP BANKOWY Universal Pension Society JSC purchased a new position in shares of Micron Technology during the 4th quarter valued at approximately $61,306,000. Finally, Financial Synergies Wealth Advisors Inc. acquired a new position in shares of Micron Technology in the 4th quarter valued at $1,316,000. 80.84% of the stock is owned by institutional investors.

Micron Technology Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock’s fifty day moving average is $963.34 and its 200-day moving average is $675.00. The stock has a market capitalization of $1.10 trillion, a PE ratio of 22.00 and a beta of 2.18.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same period in the prior year, the company posted $1.91 EPS. The company’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were given a dividend of $0.15 per share. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio is currently 1.36%.

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.