Micron Technology (NASDAQ:MU) Trading 3.5% Higher on Analyst Upgrade

Shares of Micron Technology, Inc. (NASDAQ:MU) were up 3.5% during mid-day trading on Tuesday after Citigroup raised their price target on the stock from $385.00 to $430.00. Citigroup currently has a buy rating on the stock. Micron Technology traded as high as $415.31 and last traded at $403.11. Approximately 33,440,121 shares were traded during trading, a decline of 7% from the average daily volume of 36,013,273 shares. The stock had previously closed at $389.32.

MU has been the subject of several other reports. Barclays increased their price objective on Micron Technology from $275.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Needham & Company LLC raised their price objective on shares of Micron Technology from $380.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Itau BBA Securities restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, December 18th. KeyCorp increased their target price on shares of Micron Technology from $325.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Finally, UBS Group upped their price objective on Micron Technology to $475.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and an average price target of $381.14.

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 stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the transaction, the executive vice president directly owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Teyin M. Liu purchased 7,820 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was acquired at an average price of $337.50 per share, for a total transaction of $2,639,250.00. Following the completion of the purchase, the director owned 25,910 shares of the company’s stock, valued at approximately $8,744,625. This represents a 43.23% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 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 company insiders.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Expanded partnership momentum — reports say an expanding partnership (co‑development work with NVIDIA) is a key reason shares are rising today. Why Micron Technology Stock Is Rising Today
• Positive Sentiment: Product & supply footprint wins — Micron has begun customer sampling of a 256GB SOCAMM2 LPDRAM module (co‑designed for AI servers) and opened an advanced assembly/test facility in India, strengthening its AI memory roadmap and supply resilience. Micron’s AI Memory Milestone And India Expansion Raise Valuation Questions
• Positive Sentiment: Big analyst price‑target upgrades and buy ratings — multiple firms (Stifel, Susquehanna, Citi, UBS, Aletheia and others) have recently raised targets or reiterated Buy ratings, citing tighter supply and stronger AI-driven pricing. These upgrades are boosting investor confidence. Server DDR5 Is A Promising Opportunity For Micron Aletheia Lifts PT to $650
• Positive Sentiment: Near‑term earnings catalyst — the market is pricing in a beat for the March 18 report (guidance and pricing commentary). Heavy pre‑earnings positioning is amplifying moves. Earnings Preview
• Neutral Sentiment: Sector/technical momentum — memory stocks are rallying broadly (SanDisk, others), and MU has seen large recent gains (Zacks notes ~51% in three months), which can attract momentum flows but also raises volatility. Micron Stock Soars 51% in Three Months
• Neutral Sentiment: Inclusion & ETF exposure — Micron’s S&P‑100 debut and heavy weighting in some ETFs (e.g., value/low‑volatility funds) increase passive demand but also make it sensitive to index/flow dynamics. ETF Exposure Note
• Negative Sentiment: Competitive HBM4 selection — reports say NVIDIA has chosen Samsung and SK Hynix for HBM4 suppliers, which raises questions about Micron’s share of next‑gen high‑bandwidth memory for some AI GPUs. That news acts as a near‑term headwind for sentiment. Nvidia Selects HBM4 Memory Suppliers
• Negative Sentiment: HBM4 / “Vera Rubin” fears and competition — analysis pieces warn that HBM4 concerns and intensifying competition in AI memory could cap upside or introduce volatility despite solid near‑term fundamentals. HBM4 Fears Article

Institutional Trading of Micron Technology

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after buying an additional 1,954,644 shares in the last quarter. State Street Corp grew its position in Micron Technology by 2.1% during the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after acquiring an additional 1,090,644 shares during the period. Geode Capital Management LLC increased its position in Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after purchasing an additional 314,489 shares in the last quarter. Capital International Investors raised its stake in shares of Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after acquiring an additional 155,860 shares during the period. Finally, Norges Bank purchased a new stake in shares of Micron Technology in the fourth quarter worth about $6,433,456,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

The company has a market cap of $453.70 billion, a price-to-earnings ratio of 38.32 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The company’s 50-day simple moving average is $381.87 and its 200-day simple moving average is $265.50.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data 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 firm had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.Micron Technology’s quarterly revenue was up 56.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) 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.