Micron Technology (NASDAQ:MU) Hits New 12-Month High After Analyst Upgrade

Shares of Micron Technology, Inc. (NASDAQ:MU) reached a new 52-week high on Monday after Phillip Securities upgraded the stock to a strong-buy rating. The stock traded as high as $455.50 and last traded at $414.3080, with a volume of 2135385 shares trading hands. The stock had previously closed at $414.88.

Several other research firms also recently weighed in on MU. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. KeyCorp raised their price target on Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. TD Cowen lifted their price target on Micron Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Citigroup increased their price objective on shares of Micron Technology from $330.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, UBS Group raised their target price on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Six 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 MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $349.76.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Teyin M. Liu acquired 11,600 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were acquired at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the acquisition, the director directly owned 14,310 shares of the company’s stock, valued at approximately $4,823,471.70. The trade was a 428.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 61,123 shares valued at $19,547,151. Corporate insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Major expansion: Micron launched a planned $24 billion Singapore NAND megafab, a large-capex project that strengthens its NAND supply position and supports long-term revenue from AI and hyperscaler customers. Micron Technology (MU) Is Up 6.7% After Launching $24 Billion Singapore NAND Megafab Project
• Positive Sentiment: Analyst bullishness: Mizuho raised its price target to $480 and kept an outperform rating, signaling continued analyst confidence in Micron’s AI-driven demand trajectory. Mizuho Lifts Micron Technology, Inc. (MU)’s Price Target To $480, Maintains Outperform Rating
• Positive Sentiment: High-end demand thesis: Phillip Securities (coverage cited by outlets) has pushed price targets as high as $500 on HBM/AI memory demand and upgraded Micron to strong-buy, supporting the bullish narrative. Micron Technology upgrade reported on Zacks
• Positive Sentiment: Customer signals: Apple’s commentary on memory constraints was interpreted as favorable for suppliers like Micron, reinforcing expectations for continued strong memory purchases by large OEMs. Apple CEO Tim Cook Just Gave Great News to Micron Investors
• Neutral Sentiment: Mixed analyst moves: Some outlets reported a price-target bump to $356.87 — an increase but still below current levels — which is a mixed signal about near-term upside. Micron Technology (MU) price target increased by 11.59% to 356.87
• Negative Sentiment: Profit-taking and options activity: After a rapid run (shares more than doubled from November lows), classic profit-taking and unusual options flows are driving near-term selling pressure. Micron stock sinks after big rally: why profit-taking is hitting now
• Negative Sentiment: Valuation caution: Commentary from analysts and investors warns that many AI tailwinds may already be priced in, creating risk of pullbacks if growth or margin beats slow. Micron: Tailwinds Priced In
• Negative Sentiment: Near-term dip explanations: Coverage summarizing yesterday’s decline points to the combination of profit-taking and the market digesting heavy capex commitments, which is pressuring the stock today. Why Micron (MU) Dipped More Than Broader Market Today

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orleans Capital Management Corp LA acquired a new stake in shares of Micron Technology during the 2nd quarter valued at $256,000. iA Global Asset Management Inc. increased its position in shares of Micron Technology by 18.7% in the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock worth $24,578,000 after acquiring an additional 23,117 shares in the last quarter. Cary Street Partners Financial LLC lifted its position in shares of Micron Technology by 25.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock valued at $3,221,000 after acquiring an additional 5,233 shares in the last quarter. Wealthspire Advisors LLC grew its position in Micron Technology by 27.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after purchasing an additional 3,208 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its holdings in shares of Micron Technology by 6.2% in the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after purchasing an additional 23,600 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Down 4.2%

The business has a fifty day moving average price of $309.49 and a two-hundred day moving average price of $216.84. The firm has a market cap of $472.08 billion, a PE ratio of 39.87 and a beta of 1.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The firm had revenue of $13.64 billion during 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%.The business’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same period last year, the company posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, December 29th. 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.