Micron Technology (NASDAQ:MU) Coverage Initiated at DA Davidson

Equities researchers at DA Davidson started coverage on shares of Micron Technology (NASDAQ:MU) in a research report issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $1,000.00 price target on the semiconductor manufacturer’s stock. DA Davidson’s price objective would suggest a potential upside of 30.45% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Phillip Securities upgraded shares of Micron Technology to a “strong-buy” rating in a research report on Monday, February 2nd. Susquehanna boosted their price objective on shares of Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a research note on Monday, March 9th. The Goldman Sachs Group increased their price objective on Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, March 19th. Royal Bank Of Canada raised their target price on Micron Technology from $425.00 to $525.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Finally, JPMorgan Chase & Co. lifted their target price on Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. 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 data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $495.63.

Micron Technology Price Performance

Shares of MU traded down $28.75 during midday trading on Monday, hitting $766.58. The company’s stock had a trading volume of 72,258,005 shares, compared to its average volume of 41,901,309. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology has a one year low of $90.93 and a one year high of $818.67. The stock has a market capitalization of $864.50 billion, a price-to-earnings ratio of 36.19 and a beta of 1.91. The company’s fifty day simple moving average is $449.78 and its two-hundred day simple moving average is $356.05.

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares of the company’s stock, valued at $43,679,776.43. The trade was a 24.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 104,000 shares of company stock valued at $45,458,400. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently modified their holdings of MU. REAP Financial Group LLC bought a new position in Micron Technology during the third quarter worth $25,000. High Note Wealth LLC increased its stake in Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Micron Technology during the first quarter valued at about $27,000. Finally, Steigerwald Gordon & Koch Inc. raised its holdings in shares of Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron began sampling a new 256GB DDR5 server module built for AI and data-center workloads, reinforcing its role as a supplier of higher-performance memory for fast-growing AI infrastructure. Micron (MU) Rolls Out Faster Module Built for AI and Data Center Workloads
• Positive Sentiment: Reports that labor disruptions at Samsung could tighten DRAM and NAND supply are being seen as a tailwind for Micron, potentially improving pricing power and margins for the U.S. memory maker. The DRAM Shake-Up: Samsung Stumbles, Micron Chases $1000
• Positive Sentiment: Analysts remain constructive, with multiple reports highlighting strong AI-memory demand, tight supply conditions, and bullish price targets that suggest further upside if earnings estimates keep rising. Micron Technology Stock Forecast 2026 — What Financial Analysts Expect Right Now
• Neutral Sentiment: Some commentary says Micron’s sharp rally has made it vulnerable to short-term pullbacks as traders lock in gains after the stock hit record highs. Micron Record High Tests AI Memory Boom
• Negative Sentiment: Broader weakness across memory stocks, including profit-taking in the semiconductor memory trade, is weighing on Micron shares in Tuesday trading. Why Sandisk, Micron stock are plunging upto 9% on Tuesday

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.