Micron Technology (NASDAQ:MU) Shares Up 8.9% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) shot up 8.9% on Wednesday . The company traded as high as $377.89 and last traded at $367.85. 73,849,174 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 40,620,801 shares. The stock had previously closed at $337.84.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron says it’s ramping production to support NVIDIA’s next?gen Vera Rubin systems — a direct revenue tailwind as data center AI customers scale capacity. Micron Technology (MU) Ramping Up Production For NVDA’s Next-Gen Vera Rubin Systems
• Positive Sentiment: Rosenblatt and other sell?side bulls continue to raise targets and keep Buy ratings (consensus price target implied well above current levels), supporting upside expectations from AI memory demand. Rosenblatt Bullish on Micron Technology (MU) Amid Strong Revenue Growth
• Positive Sentiment: Top analysts and services (TipRanks, Cantor) are calling MU a top AI pick with multi?year upside as HBM/NAND shortages and data center demand remain tight. Top Analyst Calls Micron Stock (MU) a “Top Pick,” Sees Multi-Year AI Upside
• Positive Sentiment: Media commentators (e.g., Jim Cramer) highlight Micron as a beneficiary of an AI storage crunch — helping sentiment during volatile trading. Jim Cramer Says Micron Technology, Other Memory Rivals Are Sitting On ‘Gold Mine’ Amid AI Storage Crunch
• Neutral Sentiment: Micron completed cash tender offers for certain senior notes — a corporate finance move that reduces outstanding debt but has limited near?term share impact. Micron Announces the Expiration of the Cash Tender Offers for Any and All of Certain Outstanding Senior Notes
• Neutral Sentiment: Several bullish deep?dive pieces (Seeking Alpha, Zacks, The Motley Fool) argue MU is undervalued and well?positioned for FY27 NAND/HBM growth — but often note execution and capex risks that investors should monitor. Prediction: This Memory Supercycle Growth Stock Could 3X by 2030
• Negative Sentiment: Citi cut its price target (citing DDR5 softness and Google’s TurboQuant compression), triggering a near?term pullback and fresh bear arguments about peak memory risk. That downgrade pressured intraday trading. Micron Drops 6% After Citi’s Price Target Cut: 3 Reasons Bears and Bulls Are Both Right
• Negative Sentiment: Erste Group downgraded MU from Buy to Hold — another analyst trimming near?term conviction and adding selling pressure. Finviz
• Negative Sentiment: Macro rotation (oil surge) has lifted energy and weighed on tech/chips broadly, amplifying volatility in MU even as company?specific fundamentals remain debated. Oil Surge Shakes Markets As Tech Slips
• Negative Sentiment: Some analysts warn that very high capex guidance could compress free cash flow and increase the risk of future cyclical oversupply, keeping longer?term valuation under debate. Micron: Great Businesses Can Be Bad Trades (Rating Downgrade)

Analyst Upgrades and Downgrades

MU has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $500.00 target price on shares of Micron Technology in a research note on Monday, March 16th. The Goldman Sachs Group boosted their price target on shares of Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. Wells Fargo & Company increased their price target on shares of Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Finally, Piper Sandler lifted their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Micron Technology has an average rating of “Buy” and a consensus target price of $463.71.

Micron Technology Stock Down 0.4%

The company has a market cap of $413.02 billion, a P/E ratio of 17.29 and a beta of 1.60. The stock has a 50-day moving average of $403.78 and a two-hundred day moving average of $297.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is presently 2.83%.

Insider Buying and Selling at Micron Technology

In related news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the transaction, the executive vice president owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teyin M. Liu bought 7,820 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was acquired at an average price of $337.50 per share, for a total transaction of $2,639,250.00. Following the transaction, the director owned 25,910 shares in the company, valued at $8,744,625. This trade represents a 43.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 23,200 shares of company stock worth $7,821,723 and sold 53,623 shares worth $21,832,908. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several institutional investors and hedge funds have recently bought and sold shares of MU. iA Global Asset Management Inc. increased its holdings in Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock valued at $24,578,000 after purchasing an additional 23,117 shares during the period. Cary Street Partners Financial LLC lifted its holdings in Micron Technology by 25.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after buying an additional 5,233 shares during the period. Wealthfront Advisers LLC lifted its holdings in Micron Technology by 9.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock worth $15,962,000 after buying an additional 8,489 shares during the period. Westpac Banking Corp increased its stake in shares of Micron Technology by 251.0% during the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock valued at $3,863,000 after buying an additional 16,509 shares during the period. Finally, Generation Capital Management LLC bought a new position in shares of Micron Technology during the third quarter valued at approximately $238,000. 80.84% of the stock is currently owned by institutional investors.

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.