Micron Technology (NASDAQ:MU) Reaches New 12-Month High Following Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU)’s share price hit a new 52-week high during mid-day trading on Tuesday after Hsbc Global Res upgraded the stock to a strong-buy rating. The stock traded as high as $415.11 and last traded at $414.8810, with a volume of 22527724 shares traded. The stock had previously closed at $389.09.

Several other research analysts have also recently issued reports on MU. KeyCorp increased their price target on shares of Micron Technology from $325.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Royal Bank Of Canada started coverage on Micron Technology in a research report on Thursday, January 15th. They set an “outperform” rating and a $425.00 target price on the stock. Piper Sandler increased their target price on Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Morgan Stanley raised their target price on Micron Technology from $338.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average price target of $349.76.

Insiders Place Their Bets

In related news, Director Steven J. Gomo sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $263.63, for a total value of $1,318,150.00. Following the sale, the director owned 19,139 shares of the company’s stock, valued at approximately $5,045,614.57. This represents a 20.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total value of $675,000.00. Following the transaction, the chief accounting officer directly owned 38,237 shares of the company’s stock, valued at $12,904,987.50. The trade was a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 61,123 shares valued at $19,547,151. Company insiders own 0.24% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: AI-driven demand and margin expansion: Investors are highlighting stronger pricing and margin leverage from AI/HBM demand, supporting a more bullish earnings outlook for Micron. AI-Driven Demand Supports Micron Technology’s Margin Expansion
• Positive Sentiment: Massive capacity commitment — $24B Singapore fab: Micron broke ground on an advanced wafer fab in Singapore (700k sq ft cleanroom, staged over ~10 years) to address long-term NAND/HBM shortages, signaling management’s confidence in sustained AI-driven demand. Micron Breaks Ground on Advanced Wafer Fabrication Facility in Singapore
• Positive Sentiment: Analyst upgrades and higher targets: Several brokers have raised targets and ratings (including a recent Mizuho raise), reinforcing buy-side momentum and fueling flows into the stock. Analyst Price Target Raises
• Positive Sentiment: Insider buying signal: A director purchase was reported recently, which investors interpret as a bullish insider vote of confidence. These 3 Stocks Just Saw Major Insider Moves—Time to Be Bullish or Bearish?
• Neutral Sentiment: Unusual put-option activity: Volume in out-of-the-money MU puts has spiked after the recent rally — could be protective hedging or speculative bearish bets; watch options flow for clues. Unusual Put Options Activity In Micron Technology
• Neutral Sentiment: Investor events / coverage: Micron executives will appear at conferences (Wolfe Research), which could add incremental clarity but are unlikely to change the near-term narrative unless new guidance is provided. Micron Announces Participation in Investor Event
• Negative Sentiment: Competitive risk — Samsung/Nvidia HBM supply deal: Reports that Samsung is ramping HBM4 for Nvidia are a direct competitive development that could pressure Micron’s near-term HBM pricing and share gains. Samsung Breaks Into Nvidia’s AI Memory Supply Chain
• Negative Sentiment: Insider selling: EVP Manish Bhatia sold ~26.6k shares recently; while not unusual for executives to rebalance, the sale is being noted by the market as a modest negative datapoint. SEC Filing: Insider Sale (Manish H. Bhatia)

Institutional Trading of Micron Technology

A number of hedge funds have recently added to or reduced their stakes in the business. Round Rock Advisors LLC grew its stake in Micron Technology by 0.6% in the fourth quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock worth $1,237,000 after purchasing an additional 25 shares during the period. Manuka Financial LLC boosted its holdings in shares of Micron Technology by 2.3% during the 4th quarter. Manuka Financial LLC now owns 1,243 shares of the semiconductor manufacturer’s stock valued at $355,000 after buying an additional 28 shares in the last quarter. Omnia Family Wealth LLC grew its position in shares of Micron Technology by 2.1% in the 4th quarter. Omnia Family Wealth LLC now owns 1,464 shares of the semiconductor manufacturer’s stock worth $418,000 after buying an additional 30 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Micron Technology by 16.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 224 shares of the semiconductor manufacturer’s stock worth $64,000 after acquiring an additional 32 shares in the last quarter. Finally, Sunflower Bank N.A. lifted its position in Micron Technology by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 1,668 shares of the semiconductor manufacturer’s stock valued at $476,000 after acquiring an additional 34 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The business’s 50-day moving average is $292.48 and its 200-day moving average is $207.46. The company has a market capitalization of $489.91 billion, a PE ratio of 41.38 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last announced its earnings results 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 the consensus estimate of $12.62 billion. During the same quarter last year, the firm earned $1.79 earnings per share. The business’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, research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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