Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Micron Technology (NASDAQ:MU) had its target price boosted by research analysts at Wells Fargo & Company from $335.00 to $410.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor manufacturer’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 13.03% from the company’s previous close.

Several other research firms have also recently issued reports on MU. Cantor Fitzgerald raised their target price on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus lifted 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. KeyCorp raised their price objective on Micron Technology from $325.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday. Rosenblatt Securities reissued a “buy” rating and issued a $300.00 price objective on shares of Micron Technology in a research report on Monday, December 15th. Finally, UBS Group lifted their target price on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $326.66.

Micron Technology Price Performance

NASDAQ:MU opened at $362.75 on Thursday. Micron Technology has a 12-month low of $61.54 and a 12-month high of $365.81. The firm has a market cap of $408.28 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 0.20 and a beta of 1.50. The company’s 50-day moving average is $267.89 and its two-hundred day moving average is $191.79. The company has a current ratio of 2.46, a quick ratio of 1.78 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, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same quarter in the previous year, the business posted $1.79 earnings per share. The company’s revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Research analysts expect that Micron Technology will post 6.08 EPS for the current year.

Insider Buying and Selling

In related news, Director Teyin M. Liu purchased 11,600 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was acquired at an average price of $337.22 per share, with a total value of $3,911,752.00. Following the completion of the transaction, the director owned 25,910 shares of the company’s stock, valued at $8,737,370.20. This represents a 81.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 318,800 shares of company stock worth $72,333,387 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

A number of large investors have recently bought and sold shares of MU. Omnia Family Wealth LLC lifted its stake in Micron Technology by 2.1% in the fourth quarter. Omnia Family Wealth LLC now owns 1,464 shares of the semiconductor manufacturer’s stock valued at $418,000 after buying an additional 30 shares during the last quarter. Sunflower Bank N.A. lifted its position in Micron Technology by 2.1% in the 4th quarter. Sunflower Bank N.A. now owns 1,668 shares of the semiconductor manufacturer’s stock valued at $476,000 after purchasing an additional 34 shares during the last quarter. Rialto Wealth Management LLC boosted its stake in Micron Technology by 3.5% during the 4th quarter. Rialto Wealth Management LLC now owns 1,061 shares of the semiconductor manufacturer’s stock valued at $303,000 after purchasing an additional 36 shares during the period. Montecito Bank & Trust grew its position in Micron Technology by 0.7% in the 4th quarter. Montecito Bank & Trust now owns 5,487 shares of the semiconductor manufacturer’s stock worth $1,566,000 after purchasing an additional 40 shares during the last quarter. Finally, M3 Advisory Group LLC increased its stake in shares of Micron Technology by 2.9% in the fourth quarter. M3 Advisory Group LLC now owns 1,403 shares of the semiconductor manufacturer’s stock valued at $400,000 after purchasing an additional 40 shares during the period. Institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Micron celebrated the official groundbreaking for its planned New York “megafab” — a multi‑year, large‑scale investment that underpins long‑term capacity growth for AI DRAM/NAND demand and signals strong political and local support. Read More.
• Positive Sentiment: High‑profile insider buys: former TSMC co‑CEO Mark Liu purchased several million dollars of MU shares and director Teyin M. Liu disclosed a ~$3.9M purchase — management and industry veteran buying is a strong confidence signal for investors. Read More.
• Positive Sentiment: Wall Street lifted targets and coverage: Cantor Fitzgerald and others raised targets (Cantor to $450), RBC initiated with Outperform, Wells Fargo and Citi raised theirs — these notes broaden institutional demand and support higher valuations. Read More.
• Positive Sentiment: Analyst/market commentary points to strong AI data‑center demand and Micron’s HBM ramp, reinforcing revenue/margin upside expectations tied to the AI memory shortage. Read More.
• Neutral Sentiment: Media coverage highlights MU as a top semiconductor/AI pick (Zacks, Investopedia): helps attract flows, but also places MU into a crowded thematic trade that can amplify intra‑day moves. Read More.
• Neutral Sentiment: CEO and company commentary emphasize ongoing AI memory tightness — bullish for fundamentals but timing/size of revenue realization remains the key variable for investors. Read More.
• Negative Sentiment: Risk/volatility reminders: analysts and commentators note MU’s history of sharp drawdowns and the potential for profit‑taking after a massive rerating, which raises short‑term downside risk despite strong momentum. Read More.
• Negative Sentiment: Competition/rotation risk: some analysts warn other AI chip names could soak up investor flows, and thematic rotation could redirect capital away from memory names if expectations shift. Read More.

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.