Micron Technology (NASDAQ:MU) Shares Up 4.1% After Analyst Upgrade

Posted by George Bondi on Oct 7th, 2026

Micron Technology, Inc. (NASDAQ:MU – Get Free Report)’s stock price traded up 4.1% during mid-day trading on Wednesday after DA Davidson raised their price target on the stock from $2,100.00 to $3,000.00. DA Davidson currently has a buy rating on the stock. Micron Technology traded as high as $1,089.22 and last traded at $1,088.00. 30,182,330 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 41,590,930 shares. The stock had previously closed at $1,045.56.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised their price target on Micron Technology from $550.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Morgan Stanley reissued an “overweight” rating and issued a $1,200.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. ThinkEquity restated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Mizuho raised their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, October 1st. Finally, Daiwa Securities Group lifted their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a report on Friday, July 17th. Forty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Get Our Latest Stock Analysis on Micron Technology

Insider Buying and Selling at Micron Technology

In other news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company’s stock.

Micron Technology News Summary

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

Positive Sentiment: Street-high price target boosts optimism: D.A. Davidson raised its price target to $3,000 from $2,100 while maintaining a Buy rating. Analyst Gil Luria expects AI infrastructure spending to keep memory demand above supply through 2028, implying substantial long-term upside. Why Is Micron Stock Rising on Wednesday?
Positive Sentiment: AI memory supercycle remains the central catalyst: More than 75% of Micron’s fiscal 2027 shipments are reportedly committed, while customers are already discussing 2028 allocations. Tight DRAM and high-bandwidth memory supply, expanding AI data centers and growing enterprise SSD demand could support pricing and earnings for several years. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
Positive Sentiment: Record results support the bullish narrative: Micron recently reported $54.23 billion in quarterly revenue and $33.42 in adjusted EPS, far above the prior year. Its fiscal Q1 2027 EPS guidance of $37.15–$39.15 points to another sequential increase in profitability, while a strong balance sheet could eventually support buybacks. Micron’s Profits Surge as Meta’s AI Spending Accelerates
Neutral Sentiment: Patent dispute resolved: Micron agreed to pay Netlist $600 million for a five-year patent license and settlement, reportedly including quarterly payments. The deal removes ongoing litigation uncertainty but creates a meaningful cash cost. Micron Technology and Netlist Settle Patent Dispute
Negative Sentiment: Taiwan strike threat adds operational risk: Workers at Micron’s Taiwan plants voted overwhelmingly to authorize a strike over bonus negotiations. No walkout has been announced, but Taiwan is a major manufacturing hub, so disruption could affect production and customer deliveries. Micron’s Taoyuan Union in Taiwan Secures Authorization to Strike
Negative Sentiment: Valuation and cyclical concerns remain: After a dramatic multiyear rally, investors question whether exceptional memory prices and margins can persist as new capacity arrives. Analysts note moderating average selling-price growth and slightly lower projected gross margins, making the stock vulnerable if supply catches up with AI demand.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bullseye Investment Management LLC acquired a new position in Micron Technology in the second quarter valued at approximately $27,000. Montgomery Financial Services LLC bought a new position in Micron Technology during the 2nd quarter worth approximately $38,000. JNBA Financial Advisors grew its holdings in Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 17 shares during the period. Ramsey Quantitative Systems acquired a new position in Micron Technology during the second quarter valued at approximately $46,000. Finally, RHL Group LLC bought a new stake in Micron Technology in the second quarter valued at approximately $47,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

The company’s 50 day simple moving average is $965.73 and its 200 day simple moving average is $831.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The stock has a market cap of $1.23 trillion, a P/E ratio of 14.66, a P/E/G ratio of 0.19 and a beta of 2.22.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period last year, the firm posted $3.03 earnings per share. The business’s quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts forecast that Micron Technology, Inc. will post 167.29 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is currently 0.81%.

About Micron Technology

(Get Free Report)

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.