Micron Technology (MU) News Today

Micron Technology, Inc. (MU) saw its shares move higher today as investors digested a string of bullish product news and analyst upgrades, even as some insiders trimmed their positions.

• Micron began shipping advanced HBM4 36GB samples—boasting over 60% higher bandwidth and 20% better power efficiency—to key customers for next-generation AI platforms, with a full production ramp slated for 2026.
• High-bandwidth memory (HBM) revenues topped $1 billion in Q2 FY25, driven by strong AI and hyperscaler demand.
• Citigroup lifted its MU price target to $130.00 and maintained a Buy rating, implying meaningful upside.
• Cantor Fitzgerald issued an Overweight rating with a $130.00 target and boosted its FY2026 EPS estimate to $10.13.
• Barclays and KeyBanc reaffirmed Overweight/Overweight‐equivalent ratings, reinforcing the positive analyst consensus.
• Shares traded up in reaction to these upgrades and broader bullish commentary—including a Seeking Alpha view that MU is poised for its best year yet on DRAM strength and an inflecting NAND market.
• Short interest remains negligible, with a 0-day cover ratio, suggesting limited short‐squeeze pressure.
• Zacks noted that MU has outperformed broader market returns recently, though without changing its own rating.
• Insiders reduced their stakes: EVP Scott J. Deboer sold 20,000 shares at about $110.00 each, and CEO Sanjay Mehrotra sold roughly 7,500 shares, signaling partial profit-taking.