Royal Bank Of Canada Increases Micron Technology (NASDAQ:MU) Price Target to $525.00

Micron Technology (NASDAQ:MU) had its target price upped by investment analysts at Royal Bank Of Canada from $425.00 to $525.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 23.20% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Citigroup upped their price objective on shares of Micron Technology from $385.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Morgan Stanley increased their price target on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. William Blair initiated coverage on shares of Micron Technology in a research report on Thursday, January 22nd. They issued an “outperform” rating for the company. Raymond James Financial lifted their price objective on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, Susquehanna boosted their target price on Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a research report on Monday, March 9th. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average target price of $392.86.

Micron Technology Stock Performance

NASDAQ MU opened at $426.13 on Monday. The firm has a market cap of $479.61 billion, a P/E ratio of 40.51 and a beta of 1.50. Micron Technology has a 52-week low of $61.54 and a 52-week high of $455.50. The business’s 50-day moving average price is $391.35 and its 200 day moving average price is $273.84. 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 posted its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share 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 company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same period last year, the firm earned $1.79 EPS. The firm’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, equities research analysts expect that Micron Technology will post 6.08 earnings per share for the current year.

Insider Activity at Micron Technology

In other news, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the transaction, the executive vice president owned 323,486 shares of the company’s stock, valued at $126,495,965.44. The trade was a 7.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Teyin M. Liu acquired 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 transaction, the director directly owned 25,910 shares in the company, valued at approximately $8,744,625. This represents a 43.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. 0.24% of the stock is owned by company insiders.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently modified their holdings of MU. Norges Bank purchased a new position in Micron Technology during the fourth quarter worth $6,433,456,000. AQR Capital Management LLC boosted its stake in shares of Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after acquiring an additional 2,918,535 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Micron Technology by 1,340.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock worth $805,148,000 after purchasing an additional 2,625,169 shares in the last quarter. Slate Path Capital LP purchased a new stake in Micron Technology during the 2nd quarter worth about $317,751,000. Finally, Vanguard Group Inc. lifted its holdings in Micron Technology by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock valued at $12,803,168,000 after purchasing an additional 1,973,294 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron completed the acquisition of Powerchip’s Tongluo P5 site in Taiwan (≈300,000 sq ft cleanroom) and will retrofit it to produce leading-edge DRAM/HBM, supporting AI demand and adding capacity to its Taichung mega campus. Micron Completes Acquisition of PSMC’s Tongluo P5 Site in Taiwan
• Positive Sentiment: Micron plans to build a second facility at the Tongluo site (additional ~270,000 sq ft cleanroom) with construction slated to begin by end of fiscal 2026 — a multi-year capacity commitment that addresses structurally tight DRAM supply. Micron plans second chip facility at newly acquired Taiwan site
• Positive Sentiment: Market coverage is bullish: multiple firms (Baird, TD Cowen, Wedbush and others) reaffirmed or raised buy ratings/price targets (some targets now in the $440–$550 range), reinforcing investor confidence in Micron’s growth and valuation re-rating potential. Micron Technology: Leveraging a Structurally Tightening DRAM Market and AI-Driven Demand Upswing
• Positive Sentiment: Press and trade outlets highlight a memory-chip shortage and AI-led demand surge that’s lifting pricing and revenue prospects — a structural tailwind for Micron’s DRAM and HBM businesses. Micron Doubles Down on $1.8 Billion Taiwan Plan. But This Investment Is More Important.
• Neutral Sentiment: Upcoming Q2 FY26 earnings (reporting March 18) are a near-term catalyst — investors expect continued strong results but the print/guide could drive volatility. Micron (MU) Is About to Report its Q2 Earnings. Here’s What to Expect from This Memory Chip Stock
• Neutral Sentiment: Macro events this week (Fed rate decision, oil/ geopolitical headlines) are broader market catalysts that could amplify moves in high-beta semiconductors like MU. A critical Fed meeting, $100 oil, and Micron earnings: What to watch this week
• Negative Sentiment: Production from the Tongluo site won’t meaningfully contribute to shipments until fiscal 2028 — investors must wait years before the acquisition converts to material revenue, leaving short-term returns tied to pricing not capacity. Micron Technology Completes Acquisition of Powerchip Semiconductor Manufacturing Corporation’s Tongluo Site in Taiwan
• Negative Sentiment: Geopolitical and execution risks in Taiwan (and reliance on partners/government support) could delay ramps or raise costs; such risks are a source of uncertainty for investors. Micron Completes Acquisition of PSMC’s Tongluo P5 Site in Taiwan
• Negative Sentiment: Some coverage ties Micron’s strong AI/DRAM growth to an elevated valuation, meaning positive fundamentals may already be priced in and leave upside dependent on execution and continued tight supply. Micron Taiwan Fab Deal Ties AI DRAM Growth To Rich Valuation

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.