Micron Technology (NASDAQ:MU) Trading Up 2.3% on Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU)’s stock price rose 2.3% during mid-day trading on Friday 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 $984.00 and last traded at $971.66. 27,638,562 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 45,330,215 shares. The stock had previously closed at $949.83.

Several other equities analysts have also weighed in on MU. Morgan Stanley increased their price target on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Mizuho upped their price objective on Micron Technology from $1,150.00 to $1,375.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. DA Davidson increased their price objective on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Citigroup lowered their target price on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Four 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $1,259.97.

Insiders Place Their Bets

In related news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 162,179 shares of company stock worth $167,811,861. Insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: New Street upgraded Micron to “Buy” and set a $1,250 price target, arguing that AI-driven demand could make memory less cyclical. The firm’s long-term thesis projects more than $600 billion in cash and $150 billion of annual free cash flow by 2030, implying substantial upside from recent levels. Micron Upgraded to Buy on the Claim Memory Stopped Being Cyclical
• Positive Sentiment: Coverage continues to highlight surging AI-related memory demand, strong HBM4 execution, and sold-out high-performance memory capacity. Analysts are raising revenue forecasts and price targets, while recent quarterly results substantially exceeded expectations, reinforcing the company’s earnings momentum. Can Micron’s AI Memory Focus Help It Outpace SK Hynix and Sandisk?
• Positive Sentiment: Micron launched the $250 million Micron Ventures Paradigm Fund to invest across the AI technology stack. The initiative could deepen relationships with emerging AI companies and give Micron earlier insight into future memory and storage requirements. Micron Ventures Launches $250 Million Fund
• Neutral Sentiment: Cooling producer-price inflation reduced concerns about a near-term Federal Reserve rate hike and helped lift technology and semiconductor stocks broadly. This improves the market backdrop for high-beta shares such as MU, but is a macro rather than company-specific catalyst. Soft PPI Data Makes These Three Chip Stocks Worth Buying
• Negative Sentiment: China’s YMTC has overtaken Micron in NAND shipments, raising concerns about competition and potential pricing pressure in storage products. In addition, investor Michael Burry reportedly increased bearish positions tied to Micron and the broader technology sector, underscoring skepticism about the rally’s sustainability. Michael Burry Ramped Up His Bets Against Micron

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently made changes to their positions in MU. High Note Wealth LLC lifted its stake in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Micron Technology during the 1st quarter valued at about $27,000. Bayban purchased a new position in shares of Micron Technology during the 4th quarter valued at about $29,000. GHP Investment Advisors Inc. lifted its position in Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 52 shares during the last quarter. Finally, Joseph Group Capital Management bought a new stake in Micron Technology in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

The firm has a market cap of $1.10 trillion, a PE ratio of 22.00 and a beta of 2.18. The company has a 50 day simple moving average of $963.34 and a 200-day simple moving average of $675.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS 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 the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business’s revenue was up 345.8% compared to the same quarter last year. During the same period last year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.

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.