Micron Technology (NASDAQ:MU) Trading Up 18.4% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) rose 18.4% on Thursday . The stock traded as high as $882.50 and last traded at $874.66. 60,578,794 shares changed hands during trading, an increase of 32% from the average daily volume of 46,026,309 shares. The stock had previously closed at $739.00.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Samsung Electronics reported an 1,814% year-over-year increase in operating profit, record revenue and a warning that the global memory shortage could persist or worsen through 2028. The outlook supports stronger pricing and demand for Micron’s DRAM and high-bandwidth memory products. Micron Stock Is Surging: Why a Samsung Warning Is Sparking a Memory Rebound
• Positive Sentiment: Strong results from Microsoft, Lam Research and Seagate helped revive optimism about data-center and AI capital spending, lifting the broader chip sector and improving sentiment toward Micron. Chip Stocks Rip Higher
• Positive Sentiment: Analysts and financial commentators argue that supply additions are unlikely to create semiconductor oversupply before 2028. Micron’s recent $41.46 billion quarterly revenue, 345.8% year-over-year growth and earnings beat provide fundamental support for the bullish view. Top Chip Analyst on Semiconductor Oversupply
• Neutral Sentiment: Several analysts upgraded Micron or maintained buy ratings after the pullback, citing long-term customer agreements, strong revenue visibility and an approximately $50 billion fourth-quarter revenue outlook. However, elevated options premiums and volatility indicate that investors still expect large price swings. Micron: Buy Low, Sell High
• Negative Sentiment: Micron remains well below its recent highs after a sector-wide selloff fueled by AI-bubble fears, financing concerns and worries that exceptionally high memory prices may not be sustainable.
• Negative Sentiment: CEO Sanjay Mehrotra and another senior executive recently sold substantial amounts of Micron stock. The transactions may reinforce investor caution, although insider sales alone do not establish a deterioration in the company’s operating outlook.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Mizuho increased their target price on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. TD Cowen restated a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. Wedbush lifted their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology in a research report on Monday, June 22nd. Four 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, the stock presently has a consensus rating of “Buy” and an average price target of $1,268.93.

Micron Technology Stock Performance

The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The business has a 50 day simple moving average of $973.22 and a two-hundred day simple moving average of $634.95. The firm has a market cap of $987.83 billion, a PE ratio of 19.80 and a beta of 2.14.

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

Micron Technology Announces Dividend

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

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. This trade represents a 31.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was 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 owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 204,179 shares of company stock valued at $190,836,321. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. Merit Financial Group LLC increased its position in Micron Technology by 13.3% during the 2nd quarter. Merit Financial Group LLC now owns 54,880 shares of the semiconductor manufacturer’s stock valued at $63,348,000 after purchasing an additional 6,446 shares during the period. Intergy Private Wealth LLC purchased a new stake in shares of Micron Technology in the 2nd quarter worth approximately $332,000. Diversified Trust Co. lifted its position in shares of Micron Technology by 15.7% in the 2nd quarter. Diversified Trust Co. now owns 24,456 shares of the semiconductor manufacturer’s stock worth $28,229,000 after purchasing an additional 3,318 shares during the period. 4WEALTH Advisors Inc. bought a new position in shares of Micron Technology during the second quarter valued at approximately $369,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in shares of Micron Technology by 1.2% during the second quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 27,603 shares of the semiconductor manufacturer’s stock valued at $31,862,000 after purchasing an additional 334 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

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.