Micron Technology (NASDAQ:MU) Shares Gap Up Following Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU)’s share price gapped up prior to trading on Wednesday after Morgan Stanley raised their price target on the stock from $350.00 to $450.00. The stock had previously closed at $373.25, but opened at $395.39. Morgan Stanley currently has an overweight rating on the stock. Micron Technology shares last traded at $389.7080, with a volume of 13,721,451 shares traded.

A number of other equities research analysts have also issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Micron Technology from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada assumed coverage on Micron Technology in a research report on Thursday, January 15th. They set an “outperform” rating and a $425.00 price objective for the company. Sanford C. Bernstein upped their target price on Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Finally, Barclays boosted their price target on Micron Technology from $275.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Six 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 company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $353.21.

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 165,618 shares in the company, valued at approximately $45,891,091.62. The trade was a 8.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the sale, the executive vice president directly owned 248,021 shares of the company’s stock, valued at $106,621,747.69. The trade was a 9.16% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders purchased 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. 0.24% of the stock is currently owned by insiders.

Trending Headlines about Micron Technology

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

• Positive Sentiment: CFO and management said Micron’s next-gen HBM4 is in high‑volume production and shipments have begun — commentary that directly boosts AI revenue visibility and investor confidence. Micron’s stock pops. Here’s what an executive just said to calm nervous investors.
• Positive Sentiment: Management signaled demand significantly outpaces supply and that tightness could persist beyond 2026 — a structural supply/demand story that supports stronger pricing and margins for DRAM/HBM. Micron Technology Stock (MU) Opinions on CFO Supply-Demand Outlook
• Positive Sentiment: Street optimism is rising — several firms raised targets and issued bullish notes (TD Cowen set a $600 target; Morgan Stanley raised to $450), lifting sentiment and driving momentum. Micron Stock Gets a New Street-High $600 Target — TD Cowen Sees 55% Upside.
• Positive Sentiment: Operational progress on NAND and accelerated HBM4 timeline reports have supported the rally by indicating capacity and product roadmaps are on track to capture AI demand. Micron (MU) Stock Surges 10% on Accelerated HBM4 Chip Timeline
• Neutral Sentiment: Samsung says it has begun mass production and commercial shipments of HBM4 — this is a competitive development that keeps the market focused on execution and timing rather than changing the overall strong demand backdrop. Samsung Claims to Be First to Ship New Memory Chips. What It Means for Micron.
• Neutral Sentiment: Several market commentaries and deep-dive pieces ask whether Micron can sustain a supercycle-like run or become the “next NVIDIA” — useful context for valuation debates but not immediate catalysts. Is Micron Technology Stock the Next Nvidia?
• Negative Sentiment: A Seeking Alpha downgrade warns Micron may be “priced to perfection” — cautionary view on valuation that could prompt profit‑taking if growth or pricing cues soften. Micron Is Priced To Perfection In A Non-Perfect Market (Downgrade)
• Negative Sentiment: Notable insider and congressional selling has been reported (many exec sales), which some investors view as a governance/conviction red flag and can weigh on sentiment during a pullback. Micron Technology Stock (MU) Opinions on CFO Supply-Demand Outlook

Institutional Investors Weigh In On Micron Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. REAP Financial Group LLC bought a new position in shares of Micron Technology during the 3rd quarter worth about $25,000. High Note Wealth LLC lifted its stake in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 34 shares during the period. First Command Advisory Services Inc. grew its position in Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Micron Technology during the third quarter valued at about $27,000. Finally, Elevation Wealth Partners LLC increased its stake in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Performance

The firm has a fifty day simple moving average of $331.49 and a 200 day simple moving average of $228.99. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The stock has a market cap of $465.93 billion, a price-to-earnings ratio of 39.35 and a beta of 1.52.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $1.01. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.Micron Technology’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were paid a dividend of $0.115 per share. The ex-dividend date was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 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.