Micron Technology (NASDAQ:MU) Price Target Raised to $450.00

Micron Technology (NASDAQ:MU) had its price objective lifted by equities research analysts at KeyCorp from $325.00 to $450.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. KeyCorp’s target price points to a potential upside of 32.01% from the stock’s previous close.

Several other research analysts also recently commented on MU. KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. HSBC assumed coverage on shares of Micron Technology in a research report on Tuesday, December 9th. They issued a “buy” rating and a $330.00 price objective on the stock. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Raymond James Financial raised their price target on shares of Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Micron Technology from $300.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $302.34.

Micron Technology Stock Down 1.4%

Shares of Micron Technology stock traded down $4.99 on Tuesday, reaching $340.88. 5,933,716 shares of the company were exchanged, compared to its average volume of 31,753,785. Micron Technology has a one year low of $61.54 and a one year high of $351.23. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $259.11 and a 200 day moving average of $186.59. The company has a market capitalization of $383.67 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 0.22 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period in the prior year, the firm posted $1.79 earnings per share. The company’s quarterly revenue was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts forecast that Micron Technology will post 6.08 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 318,800 shares of company stock worth $72,333,387 in the last ninety days. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several hedge funds have recently added to or reduced their stakes in MU. Vanguard Group Inc. boosted its position in shares of Micron Technology by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock valued at $17,510,615,000 after purchasing an additional 773,788 shares in the last quarter. State Street Corp lifted its stake in Micron Technology by 0.6% in the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock valued at $8,643,613,000 after buying an additional 285,582 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after buying an additional 314,489 shares in the last quarter. Capital International Investors grew its position in shares of 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 buying an additional 155,860 shares during the period. Finally, Norges Bank bought a new stake in shares of Micron Technology in the 2nd quarter valued at $1,980,700,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Key Micron Technology News

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

• Positive Sentiment: Bank of America raised its price target on MU from $300 to $400 and reiterated a “buy” rating — a large upward revision that supports further upside and helps explain intraday strength. Benzinga
• Positive Sentiment: Mizuho also bumped its price target to $390, citing a strong 2026 outlook for AI memory — another analyst vote of confidence for Micron’s AI-driven revenue growth. Mizuho hikes Micron PT to $390
• Positive Sentiment: Zacks added MU to its #1 (Strong Buy) growth list, reinforcing short-term buy-side interest and algorithmic/quant flows that follow rank changes. Best Growth Stocks to Buy for Jan. 12
• Positive Sentiment: The Motley Fool and other outlets highlighted MU as a top growth/AI play, increasing retail investor interest in the stock’s AI memory narrative. 3 Top Growth Stocks to Buy in the First Half of 2026
• Neutral Sentiment: Features on MU’s long-term returns and commentary urging investors not to fight insiders/professionals provide context but are less likely to move price immediately. If You’d Invested $100 in Micron Stock 10 Years Ago
• Negative Sentiment: A Seeking Alpha piece argues some investors are taking profits after Micron’s rapid rerating and discusses a rating downgrade — commentary that can pressure momentum and trigger selling by short-term holders. Micron Technology: Why I’m Taking Profits After A Rapid Rerating
• Negative Sentiment: Short interest rose materially in December to ~29.99M shares (about 2.7% of float, ~1.0 days-to-cover) — a level that can amplify volatility on negative news or profit-taking. (Internal short-interest report)
• Negative Sentiment: Coverage highlighting insider selling as the stock nears highs may raise governance/valuation concerns for some investors. Insider Selling Trends in Micron Technology (MU) Stock

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.