Micron Technology (NASDAQ:MU) Trading Up 2.4% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU)’s stock price rose 2.4% during trading on Wednesday . The company traded as high as $958.00 and last traded at $956.08. 21,088,008 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 43,837,426 shares. The stock had previously closed at $933.44.

Key Micron Technology News

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

• Positive Sentiment: Lower Treasury yields are helping lift technology stocks, providing a favorable backdrop for Micron. How Micron Stock Is Trading Today
• Positive Sentiment: AI-driven demand remains the primary catalyst. Micron’s high-bandwidth memory (HBM), DRAM and NAND products are benefiting from hyperscaler data-center spending, while contract rates and reported shortages point to continued pricing power. Analysts argue that HBM capacity is sold out through 2026 and that the memory upcycle could extend beyond 2027. Micron: The AI Memory Shortage Has Spread Beyond HBM
• Positive Sentiment: Micron’s 16 strategic customer agreements, many extending through 2030 and containing price floors or bands, could make revenue and margins more predictable than in prior memory cycles. Its latest quarter featured $41.46 billion of revenue and $25.11 of EPS, both well above consensus, with roughly $31 of fourth-quarter EPS guidance highlighted by bullish coverage. Micron’s 16 Contracts Reveal the Next AI Bottleneck
• Positive Sentiment: Institutional interest is reinforcing the bullish narrative: Soros Fund Management increased its reported MU position nearly eightfold in the second quarter, while multiple analysts maintain favorable long-term views.
• Neutral Sentiment: Investors continue comparing Micron’s AI-memory opportunity with Nvidia’s broader AI-chip leadership. The debate supports interest in MU but also underscores that expectations are already elevated.
• Negative Sentiment: China’s CXMT has reportedly reached about 10% of DRAM share, raising longer-term competition and potential pricing concerns. Near-term risk may be limited by Micron’s contracted, sold-out capacity, but memory remains cyclical. Chinese Chipmaker CXMT Surges to 10% DRAM Share
• Negative Sentiment: Micron’s Taiwan workforce is seeking unusually large bonuses and a 15% operating-profit pool, with a possible strike vote creating execution and supply-continuity risk. In addition, high valuation expectations leave MU vulnerable to Federal Reserve policy, rising yields or disappointing fourth-quarter guidance.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Rosenblatt Securities raised their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Wells Fargo & Company lifted their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Zacks Research cut shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. New Street Research raised shares of Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective for the company in a report on Friday, August 14th. Finally, TD Cowen reiterated a “buy” rating on shares of Micron Technology in a research note on Friday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $1,295.63.

Micron Technology Stock Performance

The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $937.47 and a 200-day moving average price of $732.52. The firm has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.61 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s quarterly revenue was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April Arnzen sold 40,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,204 shares of company stock worth $182,156,264 over the last ninety days. 0.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MU. California State Teachers Retirement System grew its holdings in Micron Technology by 115,924.6% during the 2nd quarter. California State Teachers Retirement System now owns 1,977,753,560 shares of the semiconductor manufacturer’s stock worth $2,282,901,157,000 after acquiring an additional 1,976,048,961 shares during the period. Andar Capital Management HK Ltd boosted its holdings in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the last quarter. Norges Bank bought a new position in Micron Technology during the fourth quarter worth about $6,433,456,000. Primecap Management Co. CA acquired a new position in shares of Micron Technology during the 2nd quarter worth about $22,182,263,000. Finally, Legal & General Group Plc bought a new stake in shares of Micron Technology in the 2nd quarter valued at about $8,402,393,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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.