Needham & Company LLC Raises Micron Technology (NASDAQ:MU) Price Target to $450.00

Micron Technology (NASDAQ:MU) had its price objective increased by equities research analysts at Needham & Company LLC from $380.00 to $450.00 in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Needham & Company LLC’s price target would indicate a potential upside of 6.90% from the company’s current price.

Several other equities analysts have also commented on the stock. Bank of America upped their price target on shares of Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. KeyCorp upped their target price on shares of Micron Technology from $325.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price objective on Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. William Blair began coverage on Micron Technology in a report on Thursday, January 22nd. They issued an “outperform” rating for the company. Finally, Cantor Fitzgerald boosted their price target on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $358.38.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $420.95 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $344.36 and its two-hundred day moving average price is $238.22. Micron Technology has a 52-week low of $61.54 and a 52-week high of $455.50. The stock has a market capitalization of $473.78 billion, a P/E ratio of 40.01 and a beta of 1.52.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $12.62 billion. During the same period in the prior year, the firm earned $1.79 EPS. The business’s quarterly 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. As a group, sell-side analysts forecast that Micron Technology will post 6.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the sale, the executive vice president directly owned 248,021 shares of the company’s stock, valued at $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Teyin M. Liu purchased 11,600 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was bought at an average cost of $337.07 per share, for a total transaction of $3,910,012.00. Following the purchase, the director directly owned 14,310 shares in the company, valued at $4,823,471.70. This represents a 428.04% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently modified their holdings of MU. Orleans Capital Management Corp LA acquired a new stake in shares of Micron Technology in the 2nd quarter valued at about $256,000. iA Global Asset Management Inc. grew its holdings in shares of Micron Technology by 18.7% during the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock worth $24,578,000 after buying an additional 23,117 shares in the last quarter. Cary Street Partners Financial LLC grew its holdings in shares of Micron Technology by 25.0% during the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after buying an additional 5,233 shares in the last quarter. Wealthspire Advisors LLC raised its position in Micron Technology by 27.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after buying an additional 3,208 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in Micron Technology by 9.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock valued at $15,962,000 after acquiring an additional 8,489 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: HBM4 capacity sold out and AI memory tightness — markets view exhausted HBM supply as pricing power and sustained demand for Micron’s DRAM/HBM wafer products. Micron Technology (MU) Is Up 10.3% After 2026 HBM4 Capacity Sells Out On AI Demand
• Positive Sentiment: Strong earnings momentum and guidance — recent results showed large revenue and EPS beat and management set elevated Q2 guidance, supporting expectations for continued margin expansion. MarketBeat MU summary
• Positive Sentiment: Analyst upgrades and higher price targets (Needham raised target to $450; multiple firms with bullish notes) are reinforcing buy-side interest. Needham price target raise
• Positive Sentiment: Big 13F and hedge-fund activity (including David Tepper/Appaloosa increasing MU exposure) signals institutional conviction in Micron as an AI-infrastructure play. Billionaire David Tepper Goes Big on Micron
• Positive Sentiment: Product and NAND momentum — Micron’s new SSDs (9650) and accelerating NAND revenues diversify growth beyond DRAM and could boost total addressable market for AI storage. Micron’s New SSDs Are Gamechangers For AI
• Neutral Sentiment: Huge long-term capex — Micron’s multi-hundred‑billion dollar buildout (U.S. and abroad) supports supply growth but elevates execution and timing risk; investors are weighing capacity timelines versus current tightness. Micron Is Spending $200 Billion to Break the AI Memory Bottleneck
• Negative Sentiment: Heavy insider selling and some large institutional reductions (e.g., UBS trimming shares) are being watched as potential supply into the market. Quiver Quantitative MU discussion and insider trades
• Negative Sentiment: Volatility and downside scenarios — some commentators flag rapid past drawdowns and project possible weakness (one analysis discusses a $280 downside scenario), so risk of sharp corrections remains if guidance or execution disappoints. Could Micron Stock Fall To $280?

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.