Micron Technology (NASDAQ:MU) Shares Gap Up After Analyst Upgrade

Shares of Micron Technology, Inc. (NASDAQ:MU) gapped up prior to trading on Wednesday after UBS Group raised their price target on the stock from $535.00 to $1,625.00. The stock had previously closed at $895.88, but opened at $955.66. UBS Group currently has a buy rating on the stock. Micron Technology shares last traded at $926.5340, with a volume of 22,841,248 shares.

A number of other research analysts have also commented on the company. Morgan Stanley increased their price objective on Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. KeyCorp increased their price objective on Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Sanford C. Bernstein increased their price objective on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Royal Bank Of Canada increased their price objective on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. increased their price objective on Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $554.80.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares of the company’s stock, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 106,000 shares of company stock worth $47,032,460. Corporate insiders own 0.24% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: UBS sharply raised its price target on Micron to $1,625 from $535, while Barclays also boosted its target, reinforcing the view that AI-driven memory demand could support much higher earnings and valuation multiples. Micron Technology had its price target raised by UBS Group AG from $535.00 to $1,625.00.
• Positive Sentiment: Several reports highlighted Micron’s record earnings strength, with soaring revenue, expanding gross margins, and management guidance that suggests AI memory shortages are still supporting strong pricing power. Will Micron’s Gross Margin Expand Further With Higher Memory Pricing?
• Positive Sentiment: Multiple hedge funds and prominent investors reportedly increased their Micron stakes, a sign that institutional sentiment remains constructive despite the stock’s huge run-up. Bridgewater’s Ray Dalio Boosts Micron Stake by 586,064 Shares
• Neutral Sentiment: Micron announced that it will report fiscal third-quarter results on June 24, keeping attention on the next earnings update but not changing fundamentals by itself. Micron Technology to Report Fiscal Third Quarter Results on June 24, 2026
• Neutral Sentiment: Some articles warned the rally may be getting crowded or overextended after the trillion-dollar surge, with debate over whether valuations have outrun longer-term cycle risks. Micron: Beware Of Trillion-Dollar Trap, HBM4E Cannibalization, And Depreciation Cliff (Rating Downgrade)
• Negative Sentiment: Samsung’s new AI memory chip adds to competitive pressure, reminding investors that Micron still faces powerful rivals such as Samsung and SK Hynix in a fast-moving memory market. Samsung Ramps Up Micron Rivalry With Groundbreaking Memory Chip for AI

Institutional Trading of Micron Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. REAP Financial Group LLC bought a new stake in shares of Micron Technology in the 3rd quarter worth approximately $25,000. High Note Wealth LLC lifted its position in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares during the period. Elevation Wealth Partners LLC lifted its position in shares of Micron Technology by 295.8% in 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 during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Micron Technology in the 1st quarter worth approximately $27,000. Finally, Steigerwald Gordon & Koch Inc. lifted its position in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Price Performance

The stock has a 50-day simple moving average of $547.31 and a 200 day simple moving average of $407.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a market cap of $1.04 trillion, a P/E ratio of 43.60 and a beta of 1.91.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. During the same quarter last year, the company earned $1.56 EPS. The company’s quarterly revenue was up 196 on a year-over-year basis. On average, equities analysts expect that Micron Technology, Inc. will post 57.82 EPS for the current year.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a $0.15 dividend. The ex-dividend date was Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is 2.83%.

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.