Micron Technology (NASDAQ:MU) Shares Gap Up Following Analyst Upgrade

Shares of Micron Technology, Inc. (NASDAQ:MU) gapped up before the market opened on Wednesday after Morgan Stanley raised their price target on the stock from $350.00 to $450.00. The stock had previously closed at $373.25, but opened at $395.39. Morgan Stanley currently has an overweight rating on the stock. Micron Technology shares last traded at $389.7080, with a volume of 13,721,451 shares.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Micron Technology in a research note on Thursday, January 29th. Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Needham & Company LLC boosted their price objective on Micron Technology from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. New Street Research restated a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Finally, Raymond James Financial boosted their price target on Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Six research 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 has an average rating of “Buy” and an average target price of $353.21.

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the sale, the executive vice president owned 248,021 shares of the company’s stock, valued at $106,621,747.69. This represents a 9.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven J. Gomo sold 5,000 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $263.63, for a total value of $1,318,150.00. Following the sale, the director directly owned 19,139 shares of the company’s stock, valued at approximately $5,045,614.57. This trade represents a 20.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders acquired 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Company insiders own 0.24% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Morgan Stanley raised its price target to $450 and kept an “overweight” rating, giving the stock further analyst momentum and upward valuation support. Morgan Stanley raises PT
• Positive Sentiment: UBS also lifted its price target to $450, echoing the recent consensus of higher targets and reinforcing buy-side conviction. UBS raises PT
• Positive Sentiment: Barron’s reports Micron’s CFO expressed confidence in its next‑gen HBM product and said competitive fears are easing, a key message for investors focused on AI memory content wins. Barron’s: Competition fears easing
• Positive Sentiment: TD Cowen and other bullish analysts have floated much higher bull-case targets (e.g., a $600 call), underscoring expectations for prolonged DRAM/HBM tightness and large AI-driven demand. TipRanks: $600 bull target
• Positive Sentiment: Coverage from Forbes, Zacks and others highlights Micron as a “hidden winner” in AI hardware and notes it has outperformed some peers due to HBM demand and tight supply — supporting a re-rating narrative. Forbes: Hidden winner
• Neutral Sentiment: Technical indicators have flashed bullish signals (recent trading signal noted at ~$370), which can attract momentum traders but don’t change fundamentals. Benzinga: trading signal
• Neutral Sentiment: Macro note: several pieces review the memory “supercycle” thesis — this supports upside in the near term but also reminds investors the sector is cyclical and volatile. Fool: memory supercycle
• Negative Sentiment: Near-term risks remain: reports about Samsung’s next‑gen production and concerns about Nvidia’s roadmap have pressured the stock at times — competitors’ tech ramps could temper Micron’s pricing power if supply dynamics shift. Investing: Samsung production news MarketWatch: Nvidia fears

Institutional Investors Weigh In On Micron Technology

A number of institutional investors have recently made changes to their positions in MU. REAP Financial Group LLC purchased a new stake in shares of Micron Technology in the 3rd quarter valued at $25,000. High Note Wealth LLC grew its holdings in shares of 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 purchasing an additional 34 shares in the last quarter. First Command Advisory Services Inc. increased its stake in Micron Technology by 225.0% during 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. Barnes Dennig Private Wealth Management LLC acquired a new stake in Micron Technology during the 3rd quarter worth approximately $27,000. Finally, Elevation Wealth Partners LLC lifted its holdings in Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

The company’s 50-day simple moving average is $324.22 and its 200 day simple moving average is $226.41. The company has a market cap of $442.43 billion, a PE ratio of 37.37 and a beta of 1.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping 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 firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same period in the previous year, the firm posted $1.79 EPS. Micron Technology’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. On average, sell-side analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, December 29th. 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.