Micron Technology (NASDAQ:MU) Shares Up 1.9% – Time to Buy?

Micron Technology, Inc. (NASDAQ:MU)’s stock price rose 1.9% during trading on Monday . The stock traded as high as $901.00 and last traded at $865.46. 37,231,834 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 45,784,266 shares. The stock had previously closed at $848.95.

Key Micron Technology News

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

• Positive Sentiment: Analysts and traders are turning more bullish on Micron after the memory-stock selloff, saying the decline created a buying opportunity and that demand for memory chips remains tight. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In.
• Positive Sentiment: Micron and other memory-chip names are rebounding in afternoon and premarket trading as investors return to the AI trade and buy the dip across the semiconductor complex. Micron Jumps 5%, SanDisk Rises 6%, Western Digital Climbs 4% as Memory Stocks Rebound With Chips
• Positive Sentiment: Several bullish articles highlight Micron as an attractive AI stock, citing its strong earnings, rising guidance, and the possibility that memory supply stays tight well beyond 2027. Micron Says Memory Chip Supply Will Remain Tight Beyond 2027. That’s Investors’ Cue to Load Up on Shares Now.
• Neutral Sentiment: Commentary around Micron’s role in the AI memory bottleneck and its large earnings growth is supporting sentiment, but much of the discussion is broader sector analysis rather than a new company-specific catalyst. If Micron’s CEO Is Right, These 3 Memory Stock ETFs Can Rally Through 2027
• Negative Sentiment: Some articles note that Micron had recently been under heavy selling pressure, with the stock down sharply over the past month amid concerns about the durability of the memory shortage and the broader semiconductor selloff. Micron Stock Set to Snap Losing Streak After SK Hynix Memory Price Warning

Wall Street Analysts Forecast Growth

MU has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Wedbush boosted their price objective on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Barclays boosted their target price on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Stifel Nicolaus raised their price target on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and an average price target of $1,268.93.

Micron Technology Stock Up 1.9%

The company has a fifty day simple moving average of $949.46 and a 200 day simple moving average of $602.10. The firm has a market capitalization of $977.44 billion, a P/E ratio of 19.59 and a beta of 2.14. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

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

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is 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 1.36%.

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 28,506 shares of Micron Technology stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 355,997 shares of the company’s stock, valued at approximately $409,140,232.16. This trade represents a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 163,300 shares of company stock worth $152,667,204. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Micron Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M.E. Allison & CO. Inc. raised its holdings in shares of Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after acquiring an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC lifted its holdings in Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock worth $1,122,000 after purchasing an additional 13 shares during the last quarter. Red Door Wealth Management LLC lifted its stake in shares of Micron Technology by 0.7% in the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after buying an additional 14 shares during the last quarter. Signature Equity Partners LLC boosted its holdings in Micron Technology by 6.3% during 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. Finally, Madrona Financial Services LLC boosted its stake in Micron Technology by 1.0% during the 2nd quarter. Madrona Financial Services LLC now owns 1,543 shares of the semiconductor manufacturer’s stock valued at $1,781,000 after purchasing an additional 16 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

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.