Micron Technology (NASDAQ:MU) Trading 2.6% Higher – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) shares were up 2.6% during mid-day trading on Wednesday . The stock traded as high as $436.89 and last traded at $429.00. Approximately 25,880,393 shares changed hands during trading, a decline of 29% from the average daily volume of 36,646,387 shares. The stock had previously closed at $418.01.

Key Micron Technology News

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

• Positive Sentiment: Analyst write‑ups highlight surging HBM demand and tight supply that boost Micron’s pricing power and margins — a core bullish thesis for MU tied directly to AI server demand. Micron vs. Oracle: One AI Stock Is a Clear Buy Right Now
• Positive Sentiment: TD Cowen and other bulls have materially raised long‑term EPS assumptions (TD Cowen’s upside to ~$60 EPS), supporting higher forward valuation and reinforcing investor confidence in MU’s earnings power. What TD Cowen’s $60 EPS Call Means for Micron Technology (MU)
• Positive Sentiment: Macro pieces and sector notes reiterate that Micron’s rally (big YTD/12‑month gains) is backed by durable data‑center/HBM demand, and some analysts still view MU as undervalued despite the run. Forget Nvidia: Micron Is Up 330% in a Year and Still Looks Cheap
• Positive Sentiment: Market commentary and technical analysis point to a breakout/continuation of MU’s rally, reinforcing momentum traders’ interest and making upcoming earnings a key near‑term catalyst. Micron Signals Continuation of Trend (MarketBeat)
• Neutral Sentiment: Micron announced a large U.S. buildout (reported as US$200B scale) to expand capacity for AI memory — a long‑term positive for supply alignment but one that raises questions on capex timing and how fast revenue / margins will scale to absorb the investment. Micron Ramps US$200b US Buildout As AI Demand Tests Valuation
• Neutral Sentiment: Micron set its fiscal Q2 earnings date for March 18 — a near‑term catalyst that could drive volatility depending on guidance and memory pricing commentary. Micron Technology to Report Fiscal Second Quarter Results on March 18, 2026
• Neutral Sentiment: Market stories on whether to “cash out or hold” at record/near‑record levels and stock‑split speculation add retail interest but don’t change the fundamental memory cycle drivers. Micron Stock Trades Near Record High — Cash Out or Hold On?
• Negative Sentiment: Shorter‑term pullbacks have appeared (recent sessions with larger declines than the market), signaling that momentum can reverse quickly and valuation sensitivity remains a risk. Micron (MU) Suffers a Larger Drop Than the General Market: Key Insights

Wall Street Analyst Weigh In

MU has been the topic of several recent analyst reports. Morgan Stanley 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, February 11th. Phillip Securities raised shares of Micron Technology to a “strong-buy” rating in a research note on Monday, February 2nd. Sanford C. Bernstein boosted their target price on shares of Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Susquehanna upped their price target on shares of Micron Technology from $200.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th. Finally, Royal Bank Of Canada assumed coverage on shares of Micron Technology in a research report on Thursday, January 15th. They issued an “outperform” rating and a $425.00 price objective for the company. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $358.38.

Micron Technology Stock Performance

The stock has a market capitalization of $482.84 billion, a price-to-earnings ratio of 40.78 and a beta of 1.52. The company’s fifty day simple moving average is $358.66 and its 200 day simple moving average is $247.85. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter last year, the company 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. On average, equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share 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 given a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 4.37%.

Insider Buying and Selling at Micron Technology

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 in the company, valued at $45,891,091.62. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of Micron Technology stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total value of $675,000.00. Following the sale, the chief accounting officer directly owned 38,237 shares of the company’s stock, valued at $12,904,987.50. This represents a 4.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 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 company insiders.

Institutional Investors Weigh In On Micron Technology

A number of large investors have recently bought and sold shares of MU. Vanguard Group Inc. raised its position in Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares in the last quarter. State Street Corp boosted its holdings in shares of Micron Technology by 2.1% in the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after purchasing an additional 1,090,644 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Micron Technology by 1.2% in 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 during the last quarter. Capital International Investors raised its holdings in shares of Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after buying an additional 155,860 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Micron Technology during the 4th quarter worth $6,433,456,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Company Profile

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.