Micron Technology, Inc. (NASDAQ:MU – Get Free Report)’s stock price shot up 4.8% during mid-day trading on Tuesday . The company traded as high as $337.84 and last traded at $337.2720. 72,538,619 shares were traded during trading, an increase of 81% from the average session volume of 40,057,332 shares. The stock had previously closed at $321.80.
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Mad Money host Jim Cramer said Micron and other memory names are sitting on an AI storage “gold mine,” reinforcing the narrative that AI demand will keep memory pricing strong. Jim Cramer Says Micron Technology, Other Memory Rivals Are Sitting On ‘Gold Mine’ Amid AI Storage Crunch
- Positive Sentiment: Top Wall Street analysts are calling MU a top pick with multi‑year upside tied to AI memory demand; fresh analyst optimism is driving buying interest. Top Analyst Calls Micron Stock (MU) a “Top Pick,” Sees Multi-Year AI Upside
- Positive Sentiment: Billionaire investor interest (reports that Ray Dalio is adding MU) and heavy analyst coverage lift confidence that institutional demand will support the rally. Micron Technology (MU): Billionaire Ray Dalio Is Loading Up on This Chip Stock
- Positive Sentiment: Market coverage notes MU’s strong earnings (record Q2 revenue and margins) and persistent HBM shortages; that fundamental backdrop is cited for the recent price bounce. Micron Stock: Why I’m Doubling Down
- Neutral Sentiment: Micron completed cash tender offers for several senior notes (balance‑sheet refinancing action); neutral for operations but removes some debt and clarifies near‑term obligations. Micron Announces the Expiration of the Cash Tender Offers for Any and All of Certain Outstanding Senior Notes
- Negative Sentiment: Citigroup and other outlets have issued more cautious near‑term forecasts and trimmed price targets, citing aggressive capex plans and potential memory price volatility — a reminder that elevated spending could pressure free cash flow. Citigroup Issues Pessimistic Forecast for Micron Technology (NASDAQ:MU) Stock Price
- Negative Sentiment: Technical/structural risk from Google’s TurboQuant and similar memory‑efficiency advances prompted a recent selloff; analysts warn this could mute demand growth if adoption accelerates. Does Google’s New TurboQuant Technology Mean the Party’s Over for Micron?
Analyst Ratings Changes
A number of research analysts have commented on MU shares. Wolfe Research upped their target price on shares of Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. William Blair initiated coverage on shares of Micron Technology in a research report on Thursday, January 22nd. They set an “outperform” rating for the company. Barclays upped their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Morgan Stanley increased their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Finally, Raymond James Financial lifted their target price on shares of Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $463.71.
Micron Technology Stock Performance
The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a market capitalization of $414.84 billion, a price-to-earnings ratio of 17.37 and a beta of 1.60. The firm has a 50-day simple moving average of $404.40 and a two-hundred day simple moving average of $297.01.
Micron Technology Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is presently 2.83%.
Insider Buying and Selling at Micron Technology
In other Micron Technology news, Director Teyin M. Liu purchased 7,820 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was acquired at an average price of $337.50 per share, for a total transaction of $2,639,250.00. Following the completion of the purchase, the director directly owned 25,910 shares in the company, valued at approximately $8,744,625. The trade was a 43.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the sale, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. This represents a 9.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 53,623 shares valued at $21,832,908. Company insiders own 0.24% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Purpose Unlimited Inc. acquired a new position in Micron Technology during the 4th quarter worth $228,000. Stance Capital LLC acquired a new stake in Micron Technology in the 4th quarter valued at about $1,542,000. Osbon Capital Management LLC purchased a new position in shares of Micron Technology in the 4th quarter valued at about $45,000. Fund Advisors of America Inc FL acquired a new position in shares of Micron Technology during the fourth quarter worth about $1,274,000. Finally, World Investment Advisors grew its position in shares of Micron Technology by 38.1% during the fourth quarter. World Investment Advisors now owns 14,185 shares of the semiconductor manufacturer’s stock worth $4,049,000 after buying an additional 3,917 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other 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.
Further Reading
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