Micron Technology (NASDAQ:MU) Stock Price Up 6.1% on Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU)’s share price was up 6.1% during mid-day trading on Wednesday after Hsbc Global Res upgraded the stock to a strong-buy rating. The stock traded as high as $438.94 and last traded at $435.28. Approximately 41,131,214 shares traded hands during trading, an increase of 14% from the average daily volume of 36,123,008 shares. The stock had previously closed at $410.24.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Micron Technology from $335.00 to $410.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Sanford C. Bernstein upped their price objective on Micron Technology from $270.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Micron Technology from $200.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a report on Monday, October 13th. Finally, HSBC raised their target price on Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Five investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $349.76.

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the transaction, the executive vice president owned 165,618 shares in the company, valued at approximately $45,891,091.62. This represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Teyin M. Liu purchased 11,600 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were purchased at an average cost of $337.07 per share, for a total transaction of $3,910,012.00. Following the transaction, the director directly owned 14,310 shares in the company, valued at approximately $4,823,471.70. The trade was a 428.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 23,200 shares of company stock valued at $7,821,723 and have sold 197,725 shares valued at $50,324,100. 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: Micron broke ground on a planned ~$24 billion advanced wafer fab in Singapore to lift NAND/HBM capacity and address AI-driven shortages — a long-term volume and revenue catalyst. Micron Breaks Ground on Advanced Wafer Fabrication Facility in Singapore
• Positive Sentiment: Wall Street has been raising targets and initiating/upping coverage (multiple “outperform”/buy ratings and higher targets), which supports fresh demand from institutional buyers. What Are Wall Street Analysts’ Target Price for Micron Technology Stock?
• Positive Sentiment: Macro/market narratives (AI-driven memory shortage, HBM demand) and recent earnings/guidance beat underpin strong fundamentals and margin expansion expectations. Micron Bets Big on Memory Growth With $24B Singapore Expansion
• Neutral Sentiment: Unusual activity in out-of-the-money put options (expiring in ~3 months) has picked up after MU’s rapid run — could signal hedging/profit-taking or speculative bearish bets; watch open interest and volumes. Unusual Put Options Activity in Micron Technology After MU Stock Doubles in 2 Months
• Neutral Sentiment: Company scheduled investor events (Wolfe Research conference) provide upcoming chances for management to reiterate guidance or detail the Singapore ramp — potential short-term volatility depending on commentary. Micron Announces Participation in Investor Event
• Negative Sentiment: Competitive risk: reports that Samsung is qualifying/mass-producing HBM4 for Nvidia may pressure Micron’s pricing/share in the high-end AI memory market. Samsung Breaks Into Nvidia’s AI Memory Supply Chain with HBM4 Chips
• Negative Sentiment: Insider moves are mixed: a director recently bought shares (bullish signal) but EVP Manish Bhatia sold ~26,623 shares (~7.6% of his position decrease), which some investors view as a modest negative or liquidity-taking. SEC Filing: Insider Sale (Manish H. Bhatia)

Institutional Trading of Micron Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in MU. Vanguard Group Inc. lifted its holdings 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 worth $17,510,615,000 after buying an additional 773,788 shares in the last quarter. State Street Corp boosted its holdings in Micron Technology by 0.6% in the 3rd 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 period. Geode Capital Management LLC grew its position in shares of Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after purchasing an additional 314,489 shares in the last quarter. Capital International Investors increased its holdings in shares of Micron Technology by 0.7% in 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 stake in shares of Micron Technology in the 2nd quarter valued at about $1,980,700,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The firm has a market capitalization of $489.91 billion, a PE ratio of 41.38 and a beta of 1.50. The business’s 50 day moving average is $288.29 and its two-hundred day moving average is $205.85.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same period in the prior year, the business posted $1.79 EPS. Micron Technology’s quarterly 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. As a group, research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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