Micron Technology (NASDAQ:MU) Reaches New 12-Month High on Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU)’s share price reached a new 52-week high during trading on Tuesday after TD Cowen raised their price target on the stock from $300.00 to $450.00. TD Cowen currently has a buy rating on the stock. Micron Technology traded as high as $381.56 and last traded at $370.66, with a volume of 13097812 shares changing hands. The stock had previously closed at $362.75.

Other equities research analysts also recently issued research reports about the company. Barclays boosted their price target on Micron Technology from $275.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group boosted their target price on Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Stifel Nicolaus increased their target price on shares of Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Wells Fargo & Company lifted their price target on shares of Micron Technology from $335.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, Piper Sandler boosted their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $338.72.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on 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 sale, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. The trade was a 8.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 5,000 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the completion of the transaction, the director directly owned 19,139 shares of the company’s stock, valued at approximately $5,045,614.57. The trade was a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 287,500 shares of company stock valued at $65,892,908. 0.24% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Rosenblatt reaffirmed a “buy” on Micron and set a $500 price target, implying substantial upside and signaling continued analyst conviction in MU’s AI-driven growth prospects. Rosenblatt Reaffirms Buy, $500 PT
• Positive Sentiment: Micron hit a new 52-week high as investors price in sustained AI/data-center memory demand and sold-out HBM supply — momentum that is lifting sentiment and valuations. Micron Hits New 52-Week High
• Positive Sentiment: Micron warns the global DRAM shortage is “unprecedented” and will persist as AI data-center demand surges, supporting pricing power and near-term revenue visibility for memory suppliers. Micron Warns of Unprecedented DRAM Shortage
• Positive Sentiment: Micron agreed to acquire a Taiwan chip fab for about $1.8B to boost DRAM/HBM production capacity — a strategic move to capture AI-driven demand and reduce supply constraints. Micron to Acquire Taiwan Fab for $1.8B
• Neutral Sentiment: Multiple outlets (Zacks, Motley Fool and others) are adding Micron to AI-themed buy lists, framing MU as a core AI-memory play — helpful for flows but not new company-specific fundamentals. Best AI Stocks to Buy and Hold: Micron
• Negative Sentiment: Barron’s and others flag market concerns that rapid capacity deals and heavy spending (fab purchases) could raise execution risk or capital intensity — a reminder that growth comes with balance-sheet and integration risk. Why Micron’s Fab Deal Raises Market Concerns

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MU. REAP Financial Group LLC purchased a new position in shares of Micron Technology during the 3rd quarter valued at approximately $25,000. First Command Advisory Services Inc. raised its holdings in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Micron Technology during the 3rd quarter valued at $27,000. Elevation Wealth Partners LLC grew its holdings in Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new stake in shares of Micron Technology in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $270.08 and its two-hundred day moving average price is $194.48. The company has a market cap of $416.00 billion, a P/E ratio of 35.23 and a beta of 1.50.

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

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were paid a dividend of $0.115 per share. The ex-dividend date was Monday, December 29th. This represents a $0.46 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio 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.