Micron Technology (NASDAQ:MU) Trading Up 4.5% – Time to Buy?

Micron Technology, Inc. (NASDAQ:MU) rose 4.5% on Thursday . The company traded as high as $1,035.50 and last traded at $991.64. 40,404,852 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 45,910,113 shares. The stock had previously closed at $948.80.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron announced up to a $3 billion investment to expand and secure the U.S. semiconductor supply chain, including $500 million to support GlobalWafers’ Texas wafer project. Micron shares rise 7% after announcing billions more in U.S. chipmaking investments
• Positive Sentiment: Micron’s stock is benefiting from a broad rebound in memory and semiconductor shares after recent profit-taking, suggesting investors are rotating back into AI-memory names. Micron, SanDisk recover after Samsung-led selloff; fresh catalysts add to sentiment
• Positive Sentiment: Wall Street commentary continues to support Micron, with several analysts viewing the post-earnings pullback as a buying opportunity and maintaining bullish price targets. Micron Stock Steadies After Memory Selloff, BofA Says It’s Time to Buy
• Neutral Sentiment: Micron is drawing renewed investor attention as traders debate whether the recent surge in AI-memory stocks is a new up-leg or just a bounce after a volatile stretch. Micron’s stock surges on multibillion-dollar U.S. manufacturing push

Analysts Set New Price Targets

MU has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Rosenblatt Securities upped their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Citigroup raised their price target on shares of Micron Technology from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. lifted their price target on shares of Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Finally, UBS Group boosted their price objective on shares of Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average target price of $1,263.76.

Micron Technology Trading Up 4.5%

The business has a 50 day simple moving average of $904.31 and a 200-day simple moving average of $570.24. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 22.45 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS 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 company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the company posted $1.91 EPS. The company’s quarterly 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 predict that Micron Technology, Inc. will post 72.94 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Insider Activity

In related news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director directly owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 187,300 shares of company stock valued at $162,779,604 in the last ninety days. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently modified their holdings of MU. High Note Wealth LLC increased its position in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology during the first quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. grew its stake in Micron Technology by 4,800.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 96 shares during the period. Finally, Bayban acquired a new stake in shares of Micron Technology in the fourth quarter worth $29,000. 80.84% of the stock is owned by institutional investors and hedge funds.

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.