Micron Technology (NASDAQ:MU) Raised to Moderate Buy at Royal Bank Of Canada

Micron Technology (NASDAQ:MU) was upgraded by research analysts at Royal Bank Of Canada to a “moderate buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Cowen restated a “buy” rating on shares of Micron Technology in a report on Thursday, December 11th. Finally, Sanford C. Bernstein lifted their target price on Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $320.62.

Micron Technology Stock Up 7.8%

Shares of NASDAQ:MU opened at $362.74 on Wednesday. Micron Technology has a 52-week low of $61.54 and a 52-week high of $352.00. The company has a market capitalization of $408.27 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 0.21 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The company has a fifty day moving average of $265.40 and a 200-day moving average of $190.13.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The business had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the prior year, the firm earned $1.79 EPS. The business’s revenue for the quarter 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 analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Activity

In other news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This represents a 8.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mehrotra sold 22,500 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the sale, the chief executive officer owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. This represents a 4.80% 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 have sold 318,800 shares of company stock valued at $72,333,387. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

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

Micron Technology News Summary

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

• Positive Sentiment: HBM capacity and product ramp: MarketBeat highlights Micron’s accelerating HBM (high‑bandwidth memory) ramp, booked-out capacity through 2026 and pricing power from tight AI data‑center demand — a fundamental driver of near‑term revenue and margin upside. Read More.
• Positive Sentiment: Big analyst upgrades & price‑target raises: Multiple firms (RBC initiation/outperform, Cantor Fitzgerald $450, Wells Fargo $410, Citi raise) boosted ratings/targets this week, increasing buy‑side interest and ETF/fund demand. Read More. Read More. Read More.
• Positive Sentiment: Insider buying: Director Teyin M. Liu purchased ~11,600 shares (~$3.9M at ~$337/share), a strong signal of management confidence that often supports investor sentiment. Read More.
• Positive Sentiment: New megafab groundbreaking in New York: Micron held an official groundbreaking for its Clay, NY megafab — a long‑term capacity and geopolitical diversification catalyst supporting future growth. Read More.
• Neutral Sentiment: Wall‑street and media attention: MU appears on several “top growth” lists and premarket writeups that amplify flows but also increase retail/trend exposure. Read More.
• Negative Sentiment: Volatility and drawdown risk: Analysts and commentary (Forbes) warn MU has historically experienced rapid drawdowns (30%+), so elevated valuations and heavy ownership in the AI theme can trigger sharp pullbacks. Read More.
• Negative Sentiment: Rotation/competition risk: Some pieces argue investors could rotate into other AI chip names (e.g., NVIDIA), which might reallocate flows away from memory stocks and create short‑term selling pressure. Read More.

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.