Micron Technology (NASDAQ:MU) Price Target Raised to $385.00

Micron Technology (NASDAQ:MU) had its price objective raised by Citigroup from $330.00 to $385.00 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. KeyCorp increased their price target on Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. TD Cowen lifted their price target on Micron Technology from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. JPMorgan Chase & Co. upped their price objective on Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $200.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and a consensus target price of $326.66.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $362.75 on Thursday. 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 stock’s fifty day simple moving average is $267.89 and its two-hundred day simple moving average is $192.29. Micron Technology has a 1-year low of $61.54 and a 1-year high of $365.81. The stock has a market cap of $408.28 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 0.22 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last posted its 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. The firm had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business’s revenue was up 56.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, analysts forecast that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 4.37%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 5,000 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the completion of the transaction, the director owned 19,139 shares in the company, valued at $5,045,614.57. This trade represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Teyin M. Liu bought 11,600 shares of Micron Technology stock in a transaction dated Wednesday, January 14th. The stock was acquired at an average price of $337.22 per share, with a total value of $3,911,752.00. Following the purchase, the director directly owned 25,910 shares of the company’s stock, valued at approximately $8,737,370.20. This represents a 81.06% 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 sold 318,800 shares of company stock valued at $72,333,387. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently made changes to their positions in the stock. REAP Financial Group LLC bought a new stake in shares of Micron Technology during the 3rd quarter valued at $25,000. First Command Advisory Services Inc. increased its position in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 153 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Micron Technology in the third quarter worth about $27,000. Elevation Wealth Partners LLC lifted its holdings in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new position in shares of Micron Technology in the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron celebrated the official groundbreaking for its planned New York “megafab” — a multi‑year, large‑scale investment that underpins long‑term capacity growth for AI DRAM/NAND demand and signals strong political and local support. Read More.
• Positive Sentiment: High‑profile insider buys: former TSMC co‑CEO Mark Liu purchased several million dollars of MU shares and director Teyin M. Liu disclosed a ~$3.9M purchase — management and industry veteran buying is a strong confidence signal for investors. Read More.
• Positive Sentiment: Wall Street lifted targets and coverage: Cantor Fitzgerald and others raised targets (Cantor to $450), RBC initiated with Outperform, Wells Fargo and Citi raised theirs — these notes broaden institutional demand and support higher valuations. Read More.
• Positive Sentiment: Analyst/market commentary points to strong AI data‑center demand and Micron’s HBM ramp, reinforcing revenue/margin upside expectations tied to the AI memory shortage. Read More.
• Neutral Sentiment: Media coverage highlights MU as a top semiconductor/AI pick (Zacks, Investopedia): helps attract flows, but also places MU into a crowded thematic trade that can amplify intra‑day moves. Read More.
• Neutral Sentiment: CEO and company commentary emphasize ongoing AI memory tightness — bullish for fundamentals but timing/size of revenue realization remains the key variable for investors. Read More.
• Negative Sentiment: Risk/volatility reminders: analysts and commentators note MU’s history of sharp drawdowns and the potential for profit‑taking after a massive rerating, which raises short‑term downside risk despite strong momentum. Read More.
• Negative Sentiment: Competition/rotation risk: some analysts warn other AI chip names could soak up investor flows, and thematic rotation could redirect capital away from memory names if expectations shift. Read More.

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.