Micron Technology (NASDAQ:MU) Stock Price Down 2.6% – Time to Sell?

Shares of Micron Technology, Inc. (NASDAQ:MU) dropped 2.6% on Tuesday . The stock traded as low as $922.39 and last traded at $933.44. 27,538,734 shares traded hands during trading, a decline of 37% from the average daily volume of 43,972,688 shares. The stock had previously closed at $958.73.

More Micron Technology News

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

• Positive Sentiment: Micron’s AI opportunity remains strong: its high-bandwidth memory capacity, including next-generation HBM4, is reportedly sold out through 2026, while long-term agreements with hyperscale customers provide greater revenue visibility. Why China’s Memory Chip Breakthrough Won’t Crash the Market
• Positive Sentiment: Recent earnings showed exceptional momentum, with quarterly revenue of approximately $41.5 billion, up more than 345% year over year, and EPS well above consensus estimates. Revenue per employee also reportedly doubled to about $1.7 million. Micron’s Productivity Explosion
• Positive Sentiment: Bernstein maintained a Buy rating with a $1,300 price target, and broader analyst coverage remains optimistic about AI-driven memory demand and a potentially more durable supply shortage. Wall Street Sets Micron Price Target
• Neutral Sentiment: Investors are awaiting Micron’s late-September earnings report, which should provide updated guidance on HBM demand, pricing, capital spending and the sustainability of current margins.
• Negative Sentiment: Unions representing roughly two-thirds of Micron’s Taiwan workforce, including about 10,000 employees, threatened possible strike action unless the company changes its bonus system and increases profit-sharing. A walkout could disrupt production and raise labor costs. Micron’s Taiwan Unions Threaten Strike
• Negative Sentiment: Reports that China’s CXMT has begun small-batch HBM3E production and plans LPDDR6 production revived concerns that Chinese competitors could eventually pressure Micron’s pricing and market share, particularly in smartphones. Micron and SanDisk Face New China Risk
• Negative Sentiment: Higher long-term interest rates, semiconductor tariff uncertainty and weakness across technology stocks added to selling pressure. Reports of extensive insider selling also remain a sentiment overhang.

Wall Street Analyst Weigh In

Several brokerages recently commented on MU. Needham & Company LLC upped their price target on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Mizuho lowered their price objective on shares of 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. Wedbush increased their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Raymond James Financial lifted their target price on Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $1,295.63.

Micron Technology Stock Down 2.6%

The firm’s 50-day moving average price is $946.58 and its 200-day moving average price is $721.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The company has a market cap of $1.05 trillion, a price-to-earnings ratio of 21.13 and a beta of 2.19.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping 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 firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the prior year, the company earned $1.91 EPS. The firm’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction dated 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 directly owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 177,204 shares of company stock worth $182,156,264 over the last quarter. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after acquiring an additional 976 shares during the last quarter. Sivia Capital Partners LLC lifted its position 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 worth $435,000 after purchasing an additional 628 shares during the last quarter. United Bank acquired a new position in Micron Technology in the second quarter worth about $236,000. Schnieders Capital Management LLC. increased its holdings 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 buying an additional 6,867 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Micron Technology by 5.6% in the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock valued at $49,987,000 after buying an additional 21,619 shares during 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.