Micron Technology (NASDAQ:MU) Reaches New 1-Year High Following Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU) reached a new 52-week high during mid-day trading on Monday after KeyCorp raised their price target on the stock from $325.00 to $450.00. KeyCorp currently has an overweight rating on the stock. Micron Technology traded as high as $348.47 and last traded at $343.0950, with a volume of 5585870 shares traded. The stock had previously closed at $345.09.

Several other brokerages have also recently weighed in on MU. Citigroup increased their target price on Micron Technology from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $300.00 price objective on shares of Micron Technology in a research report on Monday, December 15th. Wolfe Research raised their target price on shares of Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Stifel Nicolaus upped their price target on shares of Micron Technology from $195.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 12th. Finally, Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Five 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $302.34.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the transaction, the chief accounting officer owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $277.09, for a total value of $4,156,350.00. Following the completion of the sale, the executive vice president owned 165,618 shares in the company, valued at approximately $45,891,091.62. The trade was a 8.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 318,800 shares of company stock valued at $72,333,387 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: HBM demand & capacity ramp — MarketBeat reports Micron’s HBM products are effectively sold out for 2026, with near‑term expansions (Singapore packaging, Boise, Japan) and HBM4 demand supporting outsized 2026 revenue forecasts and continued momentum into 2027. Analysts are broadly raising targets, which underpins bullish investor sentiment. Micron: Accelerating HBM Ramp Extends Growth Into 2027
• Positive Sentiment: Major analyst upgrades — KeyCorp raised its price target to $450 (overweight), Bank of America to $400 (buy), and Mizuho to $390, citing a strong 2026 AI/HBM outlook. These upgrades increase institutional support and provide near‑term upside framing for the stock. Benzinga: KeyCorp / BofA coverage Mizuho hikes Micron PT to $390
• Positive Sentiment: Institutional/market recognition — Zacks and other outlets highlight MU as a top growth/momentum name (Zacks: “Micron Has Tripled in 2025 — Still a Discounted Strong Buy” and Zacks Rank #1 listing), reinforcing buy‑the‑rally flows. Micron Has Tripled in 2025 – Still a Discounted Strong Buy (Zacks)
• Neutral Sentiment: Momentum and press coverage — Multiple articles note short‑term momentum (MU up strongly in recent weeks) and inclusion on “top growth” lists; these can attract momentum buyers but also amplify volatility and profit‑taking. Micron Is Up 9.41% in One Week (Zacks) Fool: 3 Top Growth Stocks to Buy
• Negative Sentiment: Competitive capex risk — Barron’s reports SK Hynix plans a $13B memory plant; industry capex from rivals (and Samsung’s HBM4 advances) could accelerate supply growth and pressure prices/margins over time. SK Hynix Plans $13 Billion Memory-Chip Plant (Barron’s)
• Negative Sentiment: Structural risks flagged — A Seeking Alpha piece highlights three material risks: cyclical/extended valuation, potential market oversupply (esp. if competitors scale HBM4 aggressively), and the risk of peak margins in 2026–2027 — all reasons some investors may trim positions. Micron: Three Significant Risks (Seeking Alpha)
• Negative Sentiment: Short interest & profit‑taking — Short interest rose in December (~19% growth to ~30M shares, ~2.7% of float) and commentators note investors taking profits after a rapid rerating; both can amplify near‑term downside volatility. Why I’m Taking Profits After A Rapid Rerating (Seeking Alpha)

Institutional Trading of Micron Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Micron Technology during the second quarter worth about $1,980,700,000. AQR Capital Management LLC increased its stake in Micron Technology by 411.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after buying an additional 2,918,535 shares during the period. Slate Path Capital LP acquired a new stake in Micron Technology during the 2nd quarter worth approximately $317,751,000. Vanguard Group Inc. lifted its holdings in Micron Technology by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after buying an additional 1,973,294 shares in the last quarter. Finally, State Street Corp boosted its position in Micron Technology by 2.7% in the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after buying an additional 1,349,713 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Down 2.2%

The company’s 50 day simple moving average is $261.52 and its 200 day simple moving average is $188.09. 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 firm has a market cap of $380.57 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 0.22 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last issued its earnings results 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 for 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 firm’s revenue was up 56.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is 4.37%.

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.