Wells Fargo & Company Increases Micron Technology (NASDAQ:MU) Price Target to $335.00

Micron Technology (NASDAQ:MU) had its price target lifted by analysts at Wells Fargo & Company from $300.00 to $335.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor manufacturer’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 25.98% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Wolfe Research boosted their price target on Micron Technology from $200.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Wedbush set a $320.00 target price on Micron Technology in a report on Thursday. Cowen restated a “buy” rating on shares of Micron Technology in a research note on Thursday, December 11th. UBS Group reaffirmed an “overweight” rating on shares of Micron Technology in a report on Thursday. Finally, Raymond James Financial upped their price objective on shares of Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday. Five 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. Based on data from MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus price target of $282.61.

Micron Technology Price Performance

Shares of MU opened at $265.92 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.79 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $228.36 and its 200 day simple moving average is $164.59. Micron Technology has a 1-year low of $61.54 and a 1-year high of $268.38. The company has a market cap of $298.93 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 0.37 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. The firm had revenue of $13.64 billion during 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 22.71%. The company’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, research analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the transaction, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. This trade represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the sale, the chief financial officer owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 369,852 shares of company stock worth $79,364,303. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MU. Brighton Jones LLC raised its position in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 976 shares in the last quarter. American Century Companies Inc. increased its stake in Micron Technology by 7.8% in the first quarter. American Century Companies Inc. now owns 232,579 shares of the semiconductor manufacturer’s stock valued at $20,209,000 after acquiring an additional 16,925 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in Micron Technology by 23.6% during the first quarter. Legacy Financial Advisors Inc. now owns 3,241 shares of the semiconductor manufacturer’s stock valued at $282,000 after purchasing an additional 619 shares in the last quarter. United Asset Strategies Inc. lifted its stake in Micron Technology by 1,252.9% during the first quarter. United Asset Strategies Inc. now owns 105,268 shares of the semiconductor manufacturer’s stock worth $9,147,000 after purchasing an additional 97,487 shares during the last quarter. Finally, Summit Financial LLC boosted its holdings in shares of Micron Technology by 15.8% in the 1st quarter. Summit Financial LLC now owns 5,284 shares of the semiconductor manufacturer’s stock valued at $459,000 after purchasing an additional 719 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Blowout Q1 results and blowout guidance — revenue and EPS beat estimates and management issued guidance well above consensus, implying materially stronger 2026 growth and margins, which is the primary driver of the rally. Micron’s Q1 Results Say “AI Bubble Is Far From Bursting”
• Positive Sentiment: “Sold‑out” HBM and runaway AI memory demand — management said HBM capacity is tight and orders are sold out, supporting a large addressable market for AI accelerators and pricing/margin upside. Micron stock pops 14% as AI memory demand soars: ‘We are more than sold out’
• Positive Sentiment: Analyst upgrades and price‑target increases — multiple firms raised ratings and targets after the print (JPMorgan, UBS, Wolfe, Citigroup and others), which amplifies buy-side momentum and raises consensus expectations. Micron Stock Jumps On ‘Stunning’ Quarterly Results, Guidance
• Positive Sentiment: Sector/ETF spillover — cooler inflation and the earnings surprise helped tech/AI ETFs rally, drawing incremental flows into names with large AI exposure like MU. Inflation Cools, Micron Shines: Tech ETFs Catch Tailwind
• Neutral Sentiment: Dividend declaration adds a small yield and signals confidence, but it is modest relative to market moves and not the main catalyst.
• Negative Sentiment: Large insider selling noted in public data — many recent sales by senior executives could be read as liquidity-taking and may add pressure or caution for some investors. Micron Technology Stock (MU) Opinions on Recent Earnings Beat
• Negative Sentiment: Valuation and sustainability questions — some analysts and outlets warn the beat may have baked in aggressive assumptions about how long supply tightness and pricing persist; that raises the risk of sharp swings if demand or pricing normalizes. Micron’s Blowout Results Are Bad News for Anyone Buying a New Phone or PC Next Year

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.