Micron Technology (NASDAQ:MU) Shares Up 4.1% Following Analyst Upgrade

Shares of Micron Technology, Inc. (NASDAQ:MU) shot up 4.1% on Monday after New Street Research upgraded the stock from a neutral rating to a buy rating. New Street Research now has a $1,250.00 price target on the stock. Micron Technology traded as high as $1,036.13 and last traded at $1,011.75. 32,501,665 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 45,265,383 shares. The stock had previously closed at $971.66.

Several other analysts have also recently commented on MU. Raymond James Financial upped their target price on Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Morgan Stanley boosted their price target on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Barclays upped their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Finally, Wells Fargo & Company boosted their target price on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $1,259.97.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 31,285 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $926.83, for a total transaction of $28,995,876.55. Following the transaction, the chief executive officer owned 313,218 shares in the company, valued at approximately $290,299,838.94. This represents a 9.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 162,179 shares of company stock valued at $167,811,861. 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: U.S. policy may reduce Chinese competition: Reports that the White House and Commerce Department are discouraging Apple and other U.S. technology companies from sourcing conventional memory chips from Chinese suppliers improved sentiment toward Micron and other Western memory producers. The policy could strengthen Micron’s negotiating position and support pricing. Micron shares rise as White House pushes Apple away from Chinese memory chips
• Positive Sentiment: AI demand remains the central catalyst: Investors are increasingly treating high-bandwidth memory (HBM) as a structural growth market rather than a short-lived memory cycle. AI data centers are consuming substantial wafer capacity, keeping HBM and conventional memory supplies tight. Elon Musk’s comments about memory becoming a bottleneck for agentic AI added to the bullish narrative. Elon Musk Just Uttered 3 Massively Bullish Words for Micron, Sandisk, and SK Hynix
• Positive Sentiment: Analyst conviction is rising: Bank of America reiterated a Buy rating, placed MU on its highest-conviction U.S. 1 List, and maintained a $1,550 price target. BofA also sees earnings potentially exceeding $230 per share by fiscal 2030, arguing that fears of a near-term peak are overstated. BofA sees Micron EPS topping $230 by FY30
• Neutral Sentiment: Institutional selling highlights valuation risk: Filings showed Stanley Druckenmiller’s Duquesne Family Office exited or reduced its Micron position, while other funds also took profits after the stock’s substantial rally. These moves do not change Micron’s fundamentals but may increase volatility.
• Negative Sentiment: Competition and cyclicality remain concerns: Apple is reportedly evaluating Chinese memory suppliers, potentially creating competitive pressure if procurement restrictions ease. Intel is also exploring new memory architectures, while investors remain alert to the risk that additional industry capacity could eventually compress prices and margins.

Hedge Funds Weigh In On Micron Technology

Large investors have recently modified their holdings of the company. M.E. Allison & CO. Inc. boosted its holdings in Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares during the period. Cherrydale Wealth Management LLC raised its holdings in shares of Micron Technology by 1.4% during the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock worth $1,122,000 after purchasing an additional 13 shares during the period. Bellevue Asset Management LLC lifted its position in shares of Micron Technology by 25.5% in the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock worth $74,000 after buying an additional 13 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Micron Technology by 8.8% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock worth $186,000 after buying an additional 13 shares during the last quarter. Finally, Red Door Wealth Management LLC boosted its holdings in shares of Micron Technology by 0.7% in the 2nd quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock valued at $2,209,000 after buying an additional 14 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The company’s fifty day moving average price is $965.49 and its 200 day moving average price is $679.10. The firm has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 22.91 and a beta of 2.19.

Micron Technology (NASDAQ:MU) last released 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. The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s quarterly revenue was up 345.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) 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.