Micron Technology (NASDAQ:MU) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Micron Technology (NASDAQ:MU) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Several other research analysts also recently commented on the company. Bank of America raised their target price on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price target on the stock in a research note on Friday, August 14th. Barclays raised their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Morgan Stanley upped their price objective on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Finally, UBS Group restated a “buy” rating on shares of Micron Technology in a research report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,259.97.

Micron Technology Stock Up 4.0%

MU stock opened at $974.33 on Wednesday. The stock’s 50 day simple moving average is $967.32 and its 200 day simple moving average is $694.37. The company has a market cap of $1.10 trillion, a P/E ratio of 22.06 and a beta of 2.18. 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 has a fifty-two week low of $114.25 and a fifty-two week high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s revenue was up 345.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts expect that Micron Technology will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

Insider Buying and Selling at Micron Technology

In other news, Director Lynn A. Dugle sold 1,300 shares of the firm’s 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 completion of the sale, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 177,179 shares of company stock valued at $181,826,211. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. High Note Wealth LLC increased its stake in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Micron Technology in the first quarter worth about $27,000. Bayban purchased a new position in Micron Technology in the 4th quarter worth approximately $29,000. Joseph Group Capital Management purchased a new stake in Micron Technology in the 4th quarter valued at $31,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of Micron Technology in the fourth quarter valued at about $31,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Micron Technology

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

• Positive Sentiment: $10 billion research commitment: Micron unveiled Micron Research Labs, a Boise-based facility that will receive approximately $10 billion over the next decade. The lab will focus on memory technology, advanced packaging, computing systems and future chip manufacturing, potentially strengthening MU’s competitive position in AI infrastructure. Micron Research Labs announcement
• Positive Sentiment: AI demand supports a structural growth story: CEO Sanjay Mehrotra said AI has “totally changed” the traditionally cyclical memory industry and that AI cannot scale without memory. The comments reinforce expectations for sustained demand for high-bandwidth memory, server DRAM and data-center storage. Micron CEO discusses AI demand
• Positive Sentiment: Strong analyst and media support: D.A. Davidson analyst Gil Luria raised his MU price target to $2,000 from $1,500 while maintaining a Buy rating. Jim Cramer also called Micron “radically undervalued.” Nvidia’s upcoming Aug. 26 earnings report is viewed as a potential catalyst for AI-memory suppliers. Micron price target and Nvidia catalyst
• Neutral Sentiment: Future buyback potential: A company-specific restriction on large-scale share repurchases is scheduled to expire on Dec. 9, 2026. Investors may view that date as a future capital-return catalyst, although no significant buyback has been announced. Micron buyback restriction discussion
• Negative Sentiment: Executive selling: EVP Sumit Sadana sold 15,000 MU shares for approximately $14.0 million, reducing his direct holdings by 7.28%. While the sale may be personal or preplanned, it can weigh on sentiment. Sumit Sadana insider sale
• Negative Sentiment: Capital-return and valuation risks: Unlike SK hynix, Micron is prioritizing major manufacturing and research investments instead of immediate large-scale buybacks. Separately, Stanley Druckenmiller’s family office reportedly sold its Micron position in the second quarter, highlighting concerns about high valuation, volatility and the durability of AI-driven spending.

Micron Technology Company Profile

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.