Micron Technology (NASDAQ:MU) Shares Up 4.9% After Analyst Upgrade

Shares of Micron Technology, Inc. (NASDAQ:MU) traded up 4.9% during mid-day trading on Tuesday after KeyCorp raised their price target on the stock from $1,600.00 to $1,750.00. KeyCorp currently has an overweight rating on the stock. Micron Technology traded as high as $994.80 and last traded at $983.12. Approximately 30,420,399 shares changed hands during trading, a decline of 33% from the average session volume of 45,606,297 shares. The stock had previously closed at $937.00.

Other analysts have also issued reports about the stock. Barclays raised their price target on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Needham & Company LLC upped their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, The Goldman Sachs Group raised their price objective on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $1,268.93.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the sale, the chief executive officer owned 424,503 shares in the company, valued at approximately $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 163,300 shares of company stock worth $152,667,204. 0.24% of the stock is currently owned by company insiders.

Micron Technology News Roundup

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

• Positive Sentiment: KeyBanc raised its price target on Micron and cited ongoing memory supply shortages and expected price increases, giving the stock a strong Wall Street boost. Why is Micron stock surging 4% today
• Positive Sentiment: Analysts continue to highlight AI-driven demand for HBM and data-center memory, with bullish commentary suggesting the memory cycle remains favorable for Micron. Micron Stock Price Outlook: What Technical Analysis Says Right Now
• Positive Sentiment: Broad enthusiasm around the memory-chip trade, including a sharp move in SK Hynix and related ETF launches, is lifting sentiment for Micron and peers. SK Hynix ADR Soars 19% as Leveraged ETFs Launch, Lifting Micron, SanDisk, Western Digital
• Neutral Sentiment: Micron’s upcoming dividend and long-term growth screens are being discussed, but these are not major short-term stock drivers. Micron to pay dividends next week; Here’s how much 100 MU shares will earn
• Negative Sentiment: The stock remains volatile after Monday’s memory-sector selloff, which was driven by concerns that rivals’ spending and weaker outlooks could pressure near-term sentiment. Micron Stock Drops as Memory Rivals’ Surging Spending Stokes Fears

Institutional Trading of Micron Technology

Institutional investors have recently bought and sold shares of the stock. Ramsey Quantitative Systems acquired a new stake in shares of Micron Technology in the 2nd quarter valued at $46,000. Signature Resources Capital Management LLC increased its position in shares of Micron Technology by 1,125.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock worth $57,000 after purchasing an additional 45 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Micron Technology during the 1st quarter valued at about $27,000. High Note Wealth LLC lifted its holdings in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted 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 valued at $27,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Performance

The stock has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 22.26 and a beta of 2.14. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The stock’s 50-day simple moving average is $931.65 and its 200 day simple moving average is $584.94.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter last year, the business posted $1.91 earnings per share. The company’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts expect that Micron Technology, Inc. will post 72.94 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio is 1.36%.

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.