Micron Technology (NASDAQ:MU) Stock Price Up 2.8% – Still a Buy?

Shares of Micron Technology, Inc. (NASDAQ:MU) traded up 2.8% during trading on Wednesday . The company traded as high as $1,042.40 and last traded at $1,027.77. 23,521,585 shares changed hands during trading, a decline of 46% from the average session volume of 43,457,227 shares. The stock had previously closed at $1,000.26.

Key Micron Technology News

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

• Positive Sentiment: Goldman Sachs turned more constructive on memory stocks, saying the sector’s worst period may be over. The view helped lift Micron and peers as investors anticipate improving pricing and margins. Memory Stocks Rally as Goldman Says the Worst May Be Over
• Positive Sentiment: Memory prices are expected to remain elevated for years. Analysts cited tight supply, rising DRAM and NAND average selling prices, and AI-related demand for high-bandwidth memory (HBM), a favorable combination for Micron’s revenue and profitability. Top Chip Analyst: Memory Prices Won’t Ease for Years
• Positive Sentiment: AI infrastructure demand remains a key catalyst. Industry data suggest lower memory shipments alongside higher prices reflect supply constraints rather than weakening demand. Expanding accelerator production could also sustain HBM bit demand despite changes in memory content per chip. Micron: Debunking the Bear Case Behind Yesterday’s Selloff
• Neutral Sentiment: Investors are positioning ahead of Micron’s late-September earnings report. Recent record results— including revenue and earnings well above consensus—have raised expectations, while rising analyst price targets are supporting sentiment. However, the stock’s substantial year-to-date gain increases the importance of forward guidance.
• Negative Sentiment: Risks include elevated expectations and longer-term competition. China is developing memory capabilities that could eventually challenge Micron, while a major NAND supplier’s pricing warning complicates the bullish supply outlook. Some investors have also questioned whether Micron’s unusually high profits can persist through the memory cycle. Micron and SanDisk Face a New China Threat

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MU shares. Mizuho reduced their price target on Micron Technology from $1,375.00 to $1,300.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. Needham & Company LLC boosted their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Stifel Nicolaus increased their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Susquehanna raised their target price on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a report on Thursday, June 25th. Finally, Raymond James Financial lifted their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $1,295.63.

Micron Technology Trading Up 2.8%

The company has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 0.64 and a beta of 2.22. 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 business’s 50 day moving average price is $929.50 and its two-hundred day moving average price is $745.20.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s quarterly revenue was up 345.8% on a year-over-year basis. During the same quarter last year, the business posted $1.91 earnings per share. 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 72.93 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.

Insiders Place Their Bets

In related news, Director Lynn A. Dugle sold 1,300 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 177,204 shares of company stock worth $182,156,264 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MU. Brighton Jones LLC increased its position in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 976 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Micron Technology by 21.7% in the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock worth $435,000 after acquiring an additional 628 shares in the last quarter. United Bank acquired a new stake in Micron Technology in the second quarter valued at approximately $236,000. Schnieders Capital Management LLC. grew its stake in Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock valued at $2,093,000 after acquiring an additional 6,867 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Micron Technology by 5.6% during the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock valued at $49,987,000 after acquiring an additional 21,619 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.