William Blair Begins Coverage on Micron Technology (NASDAQ:MU)

Research analysts at William Blair started coverage on shares of Micron Technology (NASDAQ:MU) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating on the semiconductor manufacturer’s stock.

A number of other equities research analysts have also recently issued reports on the stock. KeyCorp upped their target price on shares of Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. UBS Group boosted their price target on Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. Stifel Nicolaus lifted their target price on Micron Technology from $300.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Barclays increased their price target on Micron Technology from $275.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $340.79.

Micron Technology Trading Up 6.6%

NASDAQ MU opened at $389.11 on Thursday. The company has a market cap of $437.95 billion, a PE ratio of 36.99 and a beta of 1.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. Micron Technology has a 12 month low of $61.54 and a 12 month high of $394.20. The stock has a 50 day moving average of $275.45 and a 200-day moving average of $197.54.

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

Insider Transactions at Micron Technology

In other news, Director Teyin M. Liu acquired 11,600 shares of the stock in a transaction on Wednesday, January 14th. The shares were purchased at an average price of $337.22 per share, for a total transaction of $3,911,752.00. Following the transaction, 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. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total value of $4,156,350.00. Following the sale, the executive vice president directly 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 287,500 shares of company stock worth $65,892,908. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MU. Norges Bank bought a new stake in shares of Micron Technology in the second quarter valued at approximately $1,980,700,000. AQR Capital Management LLC raised its holdings in Micron Technology by 411.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after acquiring an additional 2,918,535 shares in the last quarter. Slate Path Capital LP acquired a new position in Micron Technology in the 2nd quarter valued at $317,751,000. Vanguard Group Inc. grew its holdings in shares of Micron Technology by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after purchasing an additional 1,973,294 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after purchasing an additional 1,349,713 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Multiple major analysts raised ratings/targets (TD Cowen to $450, Stifel to $360, Rosenblatt buy with $500 target), boosting buy-side conviction and arguing more upside based on AI memory demand and recent results. TD Cowen Increases Micron Technology (NASDAQ:MU) Price Target to $450.00
• Positive Sentiment: Micron’s strong quarterly results and guidance (big revenue and EPS beats; robust gross margins) reinforce the narrative of an AI-driven memory supercycle and justify higher valuations. Micron (MU) Stock: Wall Street Eyes $450 Target After Record Quarter
• Positive Sentiment: Micron agreed to buy a $1.8B chip fab in Taiwan (Powerchip P5 site), a tactical move to lock in capacity and shorten lead time — seen as securing supply and pricing power for AI customers. That M&A action has been a key reason investors are bullish. Why is Micron stock surging nearly 7% on Wednesday?
• Positive Sentiment: Company executives publicly flagged an “unprecedented” memory shortage and 100% sell-through to AI leaders, supporting near-term pricing and revenue visibility for DRAM/NAND. CEO Sanjay Mehrotra emphasized memory as a key enabler for AI and long lead times to expand capacity. Micron CEO Calls Memory ‘Key Enabler’ Of AI As It Tackles ‘Long Lead Time’ To Address Chip Shortage
• Neutral Sentiment: Shareholders approved leadership and governance changes at the annual meeting — procedural impact only, but removes a governance overhang. Micron Shareholders Back Leadership, Governance Changes at Meeting
• Neutral Sentiment: Technical/trading signals (Power Inflow alerts) and heavy media coverage are amplifying short-term momentum; these are trader-driven flows rather than fundamental changes. Micron Technology Shares Up Over 2% Following Key Trading Signal
• Negative Sentiment: Short interest has grown materially, indicating some investors expect a pullback or are hedging — higher shorts can amplify volatility on any negative news. Micron Technology, Inc. (NASDAQ:MU) Sees Large Growth in Short Interest
• Negative Sentiment: Extensive insider selling has been reported (many executives sold large blocks), which some investors view as a red flag even as a few insiders bought — watch insider activity for sentiment signals. Micron Technology Stock (MU) Opinions on AI Memory Demand and Taiwan Acquisition
• Negative Sentiment: Analysis pieces flag “capex risk” — aggressive spending to expand fabs could pressure free cash flow and margins if demand normals sooner than expected. This is a longer-term risk investors are debating. Micron: Peak Cycle Margins And Unprecedented Capex Risk

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.