Micron Technology (NASDAQ:MU) Price Target Raised to $500.00

Micron Technology (NASDAQ:MU) had its target price upped by stock analysts at HSBC from $350.00 to $500.00 in a report released on Friday, MarketBeat.com reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. HSBC’s target price suggests a potential upside of 23.15% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Wells Fargo & Company upped their price target on Micron Technology from $335.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. William Blair assumed coverage on shares of Micron Technology in a research report on Thursday. They set an “outperform” rating on the stock. KeyCorp raised their price objective on shares of Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Wolfe Research boosted their target price on shares of Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Finally, Wedbush set a $320.00 price target on shares of Micron Technology in a research note on Thursday, December 18th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $346.66.

Micron Technology Stock Performance

NASDAQ:MU traded up $8.41 during trading hours on Friday, hitting $405.99. 15,087,271 shares of the company traded hands, compared to its average volume of 35,020,363. 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 has a twelve month low of $61.54 and a twelve month high of $412.43. The firm has a 50-day moving average of $278.66 and a 200 day moving average of $198.93. The stock has a market capitalization of $456.95 billion, a price-to-earnings ratio of 38.46 and a beta of 1.50.

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

Insider Activity

In related news, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was 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 of the company’s stock, valued at $98,568,696.16. The trade was a 4.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 287,500 shares of company stock worth $65,892,908. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Micron Technology by 0.7% in the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock valued at $17,510,615,000 after buying an additional 773,788 shares during the period. State Street Corp lifted its holdings in Micron Technology by 0.6% during the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock valued at $8,643,613,000 after purchasing an additional 285,582 shares during the last quarter. Geode Capital Management LLC boosted its position in Micron Technology by 1.2% during the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after purchasing an additional 314,489 shares during the period. Capital International Investors boosted its position in Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after purchasing an additional 155,860 shares during the period. Finally, Norges Bank purchased a new position in shares of Micron Technology in the second quarter worth about $1,980,700,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Multiple broker upgrades and higher price targets add near-term buying pressure — Stifel raised its price target and kept a Buy rating, citing AI cloud demand and strategic fab moves. Stifel Raises Micron Price Target to $360
• Positive Sentiment: TD Cowen lifted its target to $450 (and other firms including William Blair and Rosenblatt published bullish coverage), reinforcing the narrative that memory pricing and margins can stay strong. TD Cowen Increases Price Target to $450
• Positive Sentiment: Recent quarterly results and Q2 guidance show material earnings and revenue upside, driven by DRAM and AI-related demand — analysts expect further margin expansion and strong EPS guidance. This underpins many of the recent target raises. Micron: This Party Is Just Getting Started (Seeking Alpha)
• Positive Sentiment: Insider buying: an executive purchased about $7.8M of MU stock, a signal some investors interpret as management confidence in near-term business outlook. Insider Purchase Coverage
• Positive Sentiment: Strategic capacity action — Micron’s ~$1.8B acquisition of a Taiwan fab site is being viewed as a move to lock in supply, which supports pricing power during the memory tightness fueling AI infrastructure. Fab Acquisition Reporting
• Neutral Sentiment: Market commentary and research pieces highlight MU as a core AI-memory play (TipRanks, Zacks) — these amplify investor interest but mostly reiterate the same demand/macro drivers rather than new facts. TipRanks: Micron Trending
• Neutral Sentiment: Upcoming earnings are in focus — analysts expect another strong print, so short-term moves may be driven by whether results and guidance beat already-elevated expectations. Earnings Preview
• Negative Sentiment: Not all coverage is bullish — at least one prominent piece argues the rally is overextended and recommends selling, which could add volatility if macro or AI capex slows. Investors should weigh that view against the consensus of elevated demand and upgraded forecasts. Bearish Take (Seeking Alpha)

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.