Micron Technology (NASDAQ:MU) Shares Gap Down on Insider Selling

Micron Technology, Inc. (NASDAQ:MU) shares gapped down prior to trading on Wednesday following insider selling activity. The stock had previously closed at $1,154.29, but opened at $1,082.01. Micron Technology shares last traded at $1,079.8660, with a volume of 9,008,937 shares changing hands.

Specifically, CEO Sanjay Mehrotra sold 28,506 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $1,149.28, for a total transaction of $32,761,375.68. Following the sale, the chief executive officer owned 355,997 shares of the company’s stock, valued at $409,140,232.16. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 11,494 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $1,180.96, for a total transaction of $13,573,954.24. Following the sale, the chief executive officer owned 344,503 shares in the company, valued at approximately $406,844,262.88. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MU. Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology in a report on Monday, June 22nd. DA Davidson raised their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Stifel Nicolaus lifted their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. TD Cowen boosted their price target on shares of Micron Technology from $1,500.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, KeyCorp raised their price objective on Micron Technology from $600.00 to $1,600.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $1,263.76.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron announced a strategic customer agreement with General Motors to secure long-term supply of memory and storage platforms, reinforcing demand visibility and highlighting its role in critical automotive and industrial supply chains. Micron and General Motors Sign Strategic Agreement to Secure Supply and Accelerate Innovation
• Positive Sentiment: Analysts and market commentary remain upbeat after Micron’s blockbuster earnings, with multiple reports citing stronger-than-expected AI memory demand, rising memory-chip prices, and further upside from long-term supply agreements. Micron Stock Gets Set to Go Higher as KeyBanc Analyst Predicts ‘Continued Strong Demand’ in 2026
• Positive Sentiment: Wall Street continues to raise price targets on Micron, reflecting confidence that AI infrastructure spending and tight memory supply can keep earnings estimates moving higher. HSBC just raised its Micron price target for the 5th time
• Positive Sentiment: Several articles framed Micron as a major beneficiary of the AI chip rally, with memory shortages and strong pricing power supporting the bullish stock narrative. Record chip rally adds $2 trillion in combined value to Micron, Intel and AMD in second quarter
• Neutral Sentiment: Micron’s $250 million commitment to Trump Accounts is a large corporate philanthropy and workforce-development initiative, but it is more of a reputational and policy story than a direct earnings driver. Micron Announces $250 Million Investment in Trump Accounts Reaching 1 Million Children, Families and the Future Workforce
• Negative Sentiment: Micron shares also faced pressure from a broad tech-sector selloff and premarket weakness, as investors rotated defensively despite the company’s strong fundamentals. Micron Stock Drops But Memory-Chip Prices Keep Rising
• Negative Sentiment: A new class-action lawsuit accusing Micron, Samsung, and SK Hynix of DRAM price collusion adds legal overhang, even though many observers see it as headline risk amid a real supply shortage. Samsung, SK Hynix, Micron sued over DRAM prices: what’s at stake
• Negative Sentiment: Some commentary warns Micron could pull back after its huge run, especially if the AI trade cools or a rival listing changes sentiment around the memory cycle. Why Micron Technology’s Stock Could Fall After July 10

Micron Technology Trading Down 6.1%

The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The business’s 50-day moving average is $844.97 and its 200 day moving average is $539.17. The firm has a market capitalization of $1.22 trillion, a P/E ratio of 24.58 and a beta of 2.16.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter last year, the business earned $1.91 earnings per share. Micron Technology’s revenue was up 345.8% on a year-over-year basis. 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 71.74 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, July 6th. Micron Technology’s payout ratio is 1.36%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MU. Signature Equity Partners LLC grew its stake in Micron Technology by 6.3% in the first quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock valued at $86,000 after acquiring an additional 15 shares during the period. Clearwater Capital Advisors LLC grew its position in Micron Technology by 1.1% during the first quarter. Clearwater Capital Advisors LLC now owns 1,617 shares of the semiconductor manufacturer’s stock valued at $546,000 after buying an additional 18 shares during the period. Capital Advisors Ltd. LLC lifted its stake in Micron Technology by 10.3% in the first quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer’s stock valued at $83,000 after purchasing an additional 23 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after acquiring an additional 24 shares during the period. Finally, Essex Bank grew its stake in Micron Technology by 2.0% in the 1st quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer’s stock valued at $423,000 after buying an additional 24 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

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.