Micron Technology, Inc. (NASDAQ:MU – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $395.53, but opened at $383.00. Micron Technology shares last traded at $382.2110, with a volume of 22,491,094 shares changing hands.
Micron Technology News Summary
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Wall Street remains broadly bullish: brokers have raised price targets and the consensus rating sits at “Buy,” supporting upside expectations for MU. Micron Technology (MU) price target increased by 36.86% to 511.82
- Positive Sentiment: Brokerage coverage is supportive: a consensus “Buy” and multiple upgrades/pushes of price targets (MarketBeat notes MU as a most-upgraded stock) underpin analyst-driven demand. Micron Technology, Inc. (NASDAQ:MU) Given Consensus Rating of “Buy” by Brokerages
- Positive Sentiment: Prominent investors and commentators remain bullish — Ross Gerber highlighted Micron as a strong chip company after its big rally, lending retail/institutional confidence. Ross Gerber flags Micron Technology as ‘very good chip company’
- Positive Sentiment: Fundamentals remain strong: Micron reported exceptional Q2 results (massive revenue and margin growth) and recently raised its dividend — a reason some investors view pullbacks as buying opportunities. Micron Technology’s Earnings Skyrocketed 771% Last Quarter
- Neutral Sentiment: Corporate action: Micron launched cash tender offers to buy several series of senior notes — improves capital structure flexibility but is a neutral execution detail unless tender results surprise. Micron Announces Cash Tender Offers for Any and All of Certain Outstanding Senior Notes
- Negative Sentiment: Google research on model compression rattled the market — a claim that AI models may need far less memory (up to ~6x) has pressured DRAM/NAND demand expectations and hit memory stocks including MU. A Google AI breakthrough is pressuring memory chip stocks
- Negative Sentiment: Technical and momentum signs are weakening: MU broke below its 50‑day moving average and chart commentary warns semiconductor momentum may be stalling — technical traders likely contributed to today’s selling. Micron Broke Below Its 50-Day Moving Average. Should You Buy the Dip?
- Negative Sentiment: Investor concerns about cyclicality and order softness: several pieces flag risks (ratings downgrades, potential order cancellations from large AI buyers, and rapid post-earnings profit-taking) that are pressuring the stock. Micron: Softness In DRAM Orders (Rating Downgrade)
Analysts Set New Price Targets
Several equities analysts recently commented on MU shares. Sanford C. Bernstein raised their target price on Micron Technology from $330.00 to $510.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Summit Insights cut Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Stifel Nicolaus increased their price objective on Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Susquehanna lifted their price objective on Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine 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 target price of $466.75.
Micron Technology Stock Down 7.0%
The stock has a market cap of $400.83 billion, a price-to-earnings ratio of 16.78 and a beta of 1.50. 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 firm’s 50-day simple moving average is $406.31 and its two-hundred day simple moving average is $290.29.
Micron Technology Increases Dividend
The business also recently declared 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 is an increase from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is 2.17%.
Insider Activity at Micron Technology
In other news, EVP Sumit Sadana sold 25,000 shares of Micron Technology 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 completion of the sale, the executive vice president directly owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total value of $675,000.00. Following the sale, the chief accounting officer owned 38,237 shares of the company’s stock, valued at approximately $12,904,987.50. The trade was a 4.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 53,623 shares worth $21,832,908. Insiders own 0.24% of the company’s stock.
Hedge Funds Weigh In On Micron Technology
Several large investors have recently made changes to their positions in MU. Orleans Capital Management Corp LA acquired a new position in Micron Technology during the second quarter valued at approximately $256,000. iA Global Asset Management Inc. increased its stake in Micron Technology by 18.7% in the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock valued at $24,578,000 after purchasing an additional 23,117 shares in the last quarter. Cary Street Partners Financial LLC raised its holdings in Micron Technology by 25.0% in the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after purchasing an additional 5,233 shares during the period. Wealthfront Advisers LLC boosted its position in shares of Micron Technology by 9.8% during the third quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock worth $15,962,000 after purchasing an additional 8,489 shares in the last quarter. Finally, Westpac Banking Corp boosted its position in shares of Micron Technology by 251.0% during the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after purchasing an additional 16,509 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
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.
See Also
Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.
