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

Micron Technology, Inc. (NASDAQ:MU) gapped up before the market opened 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 trading hands.

A number of other research analysts have also issued reports on the company. Summit Insights lowered Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Sanford C. Bernstein lifted their price target on Micron Technology from $330.00 to $510.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Susquehanna lifted their price target on Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a research note on Monday, March 9th. Phillip Securities raised Micron Technology to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Citigroup lifted their price target on Micron Technology from $425.00 to $840.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $554.80.

Insider Buying and Selling

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 106,000 shares of company stock worth $47,032,460. Company insiders own 0.24% of the company’s stock.

Micron Technology News Summary

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 Investors Weigh In On Micron Technology

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Micron Technology by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares during the period. State Street Corp boosted its position in Micron Technology by 2.1% during the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after acquiring an additional 1,090,644 shares during the period. Capital International Investors boosted its position in Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after acquiring an additional 155,860 shares during the period. Norges Bank acquired a new stake in Micron Technology during the 4th quarter worth about $6,433,456,000. Finally, Morgan Stanley boosted its position in Micron Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after acquiring an additional 794,289 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

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

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. The firm had revenue of $23.86 billion during the quarter, compared to analyst estimates of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business’s quarterly revenue was up 196 compared to the same quarter last year. During the same period last year, the company posted $1.56 EPS. On average, equities research analysts forecast that Micron Technology, Inc. will post 57.82 EPS for the current fiscal year.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is presently 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.