Micron Technology (NASDAQ:MU) Stock Falls 1.1% – Here’s What Happened

Micron Technology, Inc. (NASDAQ:MU) fell 1.1% during mid-day trading on Monday. The stock traded as low as $1,055.56 and last traded at $1,062.8780. Approximately 17,735,869 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 41,755,516 shares. The stock had previously closed at $1,074.89.

Micron Technology News Roundup

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

• Positive Sentiment: Micron’s data-center strategy is strengthening its growth outlook. Data-center SSDs now account for more than 70% of NAND revenue, while enterprise SSD demand is expected to rise more than 80% this year. This growth could offset weaker consumer NAND demand and make the business less dependent on a single memory market. Micron: NAND Is Not One Market Anymore
• Positive Sentiment: Recent results continue to reinforce the AI-memory thesis: Micron reported $54.23 billion in quarterly revenue and $33.42 in EPS, substantially exceeding estimates, while next-quarter guidance calls for EPS of approximately $37.15 to $39.15. Tight supply, strong DRAM pricing, high-bandwidth memory demand and long-term customer agreements are being cited as support for earnings momentum through 2027–2028. New Strong Buy Stocks for October 7th
• Positive Sentiment: Zacks added MU to its Rank #1 “Strong Buy” list. Commentary also highlights Micron’s broader memory portfolio and custom high-bandwidth-memory partnership with Nvidia as advantages over companies relying more heavily on pricing in one product category. Sandisk and Micron AI Memory Stock Comparison
• Neutral Sentiment: Micron agreed to pay Netlist $600 million for a five-year patent license and settlement, including quarterly payments of roughly $30 million. The deal removes ongoing litigation uncertainty but creates a material cost. Micron Technology and Netlist Settle Patent Dispute
• Negative Sentiment: Michael Burry has replaced bearish positions in Nvidia, Palantir and Micron with longer-dated put options expiring in 2027, arguing that research points to a future AI downturn. His positioning adds high-profile skepticism to an already crowded AI trade. Michael Burry’s Bearish View on Micron
• Negative Sentiment: Workers at Micron’s Taoyuan, Taiwan facility authorized a strike over bonus payments. A work stoppage at the company’s largest manufacturing hub could create operational and supply-chain risk. Micron Taoyuan Union Strike Authorization
• Negative Sentiment: Bearish analysts warn that DRAM price growth is slowing, gross margins may have peaked and increased capital spending could pressure free cash flow as new capacity arrives. Micron’s sharp rally also raises profit-taking and cyclical-downturn risks.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Rosenblatt Securities upped their price target on Micron Technology from $1,500.00 to $1,900.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Mizuho upped their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report on Thursday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research note on Friday, August 7th. DA Davidson boosted their price objective on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Forty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Trading Down 1.7%

The stock has a market cap of $1.18 trillion, a P/E ratio of 14.09, a PEG ratio of 0.19 and a beta of 2.22. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average price is $965.73 and its 200 day moving average price is $831.69.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the prior year, the firm earned $3.03 EPS. The company’s revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts expect that Micron Technology, Inc. will post 167.29 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th 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 Wednesday, October 14th. Micron Technology’s dividend payout ratio is 0.81%.

Insider Buying and Selling at Micron Technology

In related news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 95,879 shares of company stock valued at $90,939,466. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bullseye Investment Management LLC purchased a new stake in Micron Technology during the 2nd quarter valued at about $27,000. Montgomery Financial Services LLC bought a new position in shares of Micron Technology in the second quarter worth approximately $38,000. JNBA Financial Advisors lifted its stake in shares of Micron Technology by 77.3% in the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after buying an additional 17 shares in the last quarter. Ramsey Quantitative Systems purchased a new position in Micron Technology in the 2nd quarter worth approximately $46,000. Finally, RHL Group LLC bought a new stake in shares of Micron Technology in the 2nd quarter worth $47,000. 80.84% of the stock is currently owned by institutional investors.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.