Micron Technology (NASDAQ:MU) Trading Up 9.9% After Analyst Upgrade

Posted by Brian Himes on Jun 8th, 2026

Shares of Micron Technology, Inc. (NASDAQ:MU – Get Free Report) traded up 9.9% on Monday after Wells Fargo & Company raised their price target on the stock from $550.00 to $1,220.00. Wells Fargo & Company currently has an overweight rating on the stock. Micron Technology traded as high as $962.95 and last traded at $949.28. 53,337,884 shares were traded during mid-day trading, an increase of 21% from the average session volume of 44,013,648 shares. The stock had previously closed at $864.01.

MU has been the subject of a number of other reports. KeyCorp increased their price target on Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Wedbush increased their price target on Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Mizuho increased their price target on Micron Technology to $800.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Melius Research started coverage on Micron Technology in a research note on Monday, April 27th. They issued a “buy” rating and a $700.00 price target for the company. Finally, Susquehanna increased their price target on Micron Technology from $600.00 to $1,750.00 and gave the company a “positive” rating in a research note on Friday, May 29th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $690.97.

Get Our Latest Stock Analysis on MU

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology 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 completion of the transaction, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 146,000 shares of company stock valued at $85,486,715. Insiders own 0.24% of the company’s stock.

More Micron Technology News

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

Positive Sentiment: Wells Fargo and Cantor Fitzgerald both raised their price targets sharply on Micron, with Cantor lifting its target to $1,500 and Wells Fargo to $1,220, while maintaining bullish ratings. These moves reinforce the view that analysts see more upside ahead for Micron as memory pricing and AI-related demand stay hot.
Positive Sentiment: Micron is benefiting from a broader rebound in semiconductor and memory stocks after Friday’s sector-wide selloff. Articles cited a “memory-stock snap-back” and noted that investors are rotating back into chip names as the AI trade stabilizes.
Positive Sentiment: News that Nvidia struck a fresh memory-related deal with SK Hynix and comments from Nvidia CEO Jensen Huang that the memory shortage could last for years are adding to optimism across the memory complex, supporting Micron’s rally.
Neutral Sentiment: Market headlines also point to Micron remaining a core beneficiary of the AI infrastructure buildout, with some commentators saying the AI memory trade is only in the “mid-innings.”
Negative Sentiment: Despite the rebound, some articles warn that Micron’s huge year-to-date run has increased valuation risk and that the stock could remain volatile if broader tech sentiment weakens or if investors worry the AI boom is overheating.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MU. Brighton Jones LLC raised its position in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after buying an additional 628 shares during the period. United Bank acquired a new stake in shares of Micron Technology in the 2nd quarter valued at about $236,000. Schnieders Capital Management LLC. grew its stake in shares of Micron Technology by 67.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock valued at $2,093,000 after buying an additional 6,867 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Micron Technology by 5.6% in the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock valued at $49,987,000 after buying an additional 21,619 shares during the period. 80.84% of the stock is owned by institutional investors.

Micron Technology Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a 50 day moving average price of $617.28 and a 200 day moving average price of $439.38. The company has a market capitalization of $1.07 trillion, a price-to-earnings ratio of 44.82 and a beta of 2.15.

Micron Technology (NASDAQ:MU – Get Free Report) last issued its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating the consensus estimate of $9.19 by $3.01. The company had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm’s revenue for the quarter was up 196 compared to the same quarter last year. During the same period last year, the business posted $1.56 EPS. Equities research analysts predict that Micron Technology, Inc. will post 58.79 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were paid a $0.15 dividend. 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 boost from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is 2.83%.

About Micron Technology

(Get Free Report)

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.