Micron Technology (NASDAQ:MU) Now Covered by Analysts at Royal Bank Of Canada

Research analysts at Royal Bank Of Canada began coverage on shares of Micron Technology (NASDAQ:MU) in a research report issued on Thursday,Benzinga reports. The brokerage set an “outperform” rating and a $425.00 price target on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s target price points to a potential upside of 27.49% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Morgan Stanley increased their price objective on shares of Micron Technology from $338.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Mizuho increased their price target on shares of Micron Technology from $290.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Wedbush set a $320.00 price objective on shares of Micron Technology in a research note on Thursday, December 18th. Susquehanna upped their target price on Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Finally, The Goldman Sachs Group increased their target price on Micron Technology from $205.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. Five equities research 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $316.14.

Micron Technology Stock Performance

MU opened at $333.35 on Thursday. Micron Technology has a 1-year low of $61.54 and a 1-year high of $351.23. The stock has a market cap of $375.19 billion, a P/E ratio of 31.69, a P/E/G ratio of 0.21 and a beta of 1.50. The stock’s 50 day simple moving average is $263.43 and its 200 day simple moving average is $189.11. 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 issued 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. The firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.Micron Technology’s revenue was up 56.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, equities analysts anticipate that Micron Technology will post 6.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total value of $4,156,350.00. Following the completion of the transaction, the executive vice president directly 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 document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the transaction, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 318,800 shares of company stock valued at $72,333,387. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Institutional investors have recently bought and sold shares of the business. REAP Financial Group LLC acquired a new position in shares of Micron Technology during the 3rd quarter valued at $25,000. First Command Advisory Services Inc. lifted its stake in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Micron Technology in the third quarter worth about $27,000. Elevation Wealth Partners LLC grew its stake in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Micron Technology during the 2nd quarter valued at about $30,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Multiple analyst upgrades and big price-target raises are supporting the rally—Cantor Fitzgerald, KeyCorp and Bank of America have recently raised targets and ratings, boosting bullish sentiment and upside expectations. Analyst Price Target Raises
• Positive Sentiment: MarketBeat: Micron’s HBM production is being accelerated (Singapore packaging, Boise/Japan fabs, Clay NY megafab) and HBM/HBM4 demand remains sold out — a direct revenue and pricing tailwind for 2026–27. Micron: Accelerating HBM Ramp Extends Growth Into 2027
• Positive Sentiment: Bank of America analyst commentary and other bull notes (AmericanBankingNews) say MU has further upside given strong fundamentals and demand — adds conviction to buy-side flows. BofA Analyst Expects MU to Rise
• Neutral Sentiment: Zacks and other outlets highlight MU’s momentum (Zacks Rank #1, growth-stock profiles) and that MU tripled in 2025 — useful context for momentum/inflow-driven price moves but less new fundamental news. Best Growth Stocks to Buy for Jan. 14
• Negative Sentiment: Barron’s reports SK Hynix is planning a $13B memory plant — a large-capacity push from a competitor that raises the risk of faster supply additions and pricing pressure in future cycles. SK Hynix Plans $13 Billion Plant
• Negative Sentiment: Analyst and Seeking Alpha pieces warn of key risks — cyclical valuation, potential oversupply, peak margins and calls to take profits or trim ahead of heavy cap outflows; these notes can trigger short-term selling or consolidation. Three Significant Risks

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.