Shares of Micron Technology, Inc. (NASDAQ:MU – Get Free Report) traded down 5.6% during mid-day trading on Thursday . The company traded as low as $840.51 and last traded at $853.20. Approximately 45,680,197 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 45,709,441 shares. The stock had previously closed at $904.28.
Key Stories Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron signed long-term supply agreements with Qualcomm, Harman and other automotive ecosystem partners, expanding its AI memory footprint beyond data centers into next-generation vehicles and improving long-term supply visibility. Micron signs deals with Qualcomm, others for AI-powered automobile chip components
- Positive Sentiment: Several reports highlighted Micron as a key AI infrastructure winner, saying its strong results and memory demand from AI, robotics and autonomous vehicles support further earnings growth. Micron Technology: AI Memory Demand Is Still in the Early Innings
- Positive Sentiment: KeyCorp reiterated an Overweight view and a $1,750 price target, with estimates well above consensus for fiscal 2026 and fiscal 2027, reinforcing the bullish earnings outlook. Micron Technology price and analyst update
- Neutral Sentiment: Analysts and market commentators say Micron still looks cheap relative to several earnings scenarios, but the stock is now seen as a “most important stock” because expectations are so high. MarketWatch article on Micron
- Neutral Sentiment: Options pricing implies a wide range of outcomes, underscoring that MU remains a volatile AI trade with both upside and downside potential. Trefis article on Micron stock outcomes
- Negative Sentiment: Memory-chip stocks sold off broadly after TSMC’s outlook fueled a semiconductor pullback, and Micron was caught in the sector-wide decline. Micron, SK Hynix, other memory stocks fall as TSMC outlook sparks chip selloff
- Negative Sentiment: Investors are also worried about fiercer Chinese memory competition, especially with CXMT preparing a large IPO that could boost its capacity and pressure pricing over time. Micron drops on China competition fears
- Negative Sentiment: Recent articles also noted profit-taking and concern that the memory supercycle may be approaching a peak, which is weighing on the stock despite strong fundamentals. Barron’s article on Micron stock falling
Analysts Set New Price Targets
Several research firms have weighed in on MU. Susquehanna lifted their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research report on Thursday, June 25th. KeyCorp upped their price target on Micron Technology from $1,600.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Tuesday. DA Davidson increased their price objective on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Rosenblatt Securities increased their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Citigroup boosted their target price on shares of Micron Technology from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,268.93.
Micron Technology Trading Down 5.6%
The stock has a 50-day moving average of $943.28 and a two-hundred day moving average of $594.19. The company has a market cap of $963.60 billion, a P/E ratio of 19.32 and a beta of 2.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.
Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the company posted $1.91 earnings per share. The company’s revenue for the quarter 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 research analysts predict that Micron Technology, Inc. will post 72.94 earnings per share for the current year.
Micron Technology Dividend Announcement
The company 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. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s dividend payout ratio is 1.36%.
Insider Activity
In other news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This trade represents a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 163,300 shares of company stock valued at $152,667,204 in the last quarter. 0.24% of the stock is owned by company insiders.
Institutional Trading of Micron Technology
Several institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Micron Technology by 21.7% during the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after purchasing an additional 628 shares in the last quarter. United Bank purchased a new stake in shares of Micron Technology during the second quarter valued at $236,000. Schnieders Capital Management LLC. increased its holdings in Micron Technology by 67.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after buying an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Micron Technology by 5.6% in the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after buying an additional 21,619 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.
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