Micron Technology (NASDAQ:MU) Stock Price Down 4.1% – Here’s What Happened

Micron Technology, Inc. (NASDAQ:MU)’s stock price traded down 4.1% during trading on Wednesday. The company traded as low as $913.56 and last traded at $914.13. Approximately 26,556,513 shares changed hands during trading, a decline of 36% from the average daily volume of 41,202,953 shares. The stock had previously closed at $953.19.

Micron Technology News Summary

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

• Positive Sentiment: Several analysts and commentators view the selloff as a buying opportunity. Micron’s fiscal fourth-quarter revenue reached about $54.2 billion, exceeding the high end of its outlook, while fiscal 2026 revenue reportedly rose 256% to $133.2 billion. Strong AI-related demand, expanding margins and a comparatively low valuation support the bullish case. Micron Stock Is 25% Below Its June Record
• Positive Sentiment: Long-term customer agreements with price floors, high-bandwidth memory shipments and continued AI infrastructure demand could make earnings less vulnerable to a traditional memory downturn. Micron is also expanding capacity through new fabrication facilities in Idaho and New York. Micron Sentiment-Driven Correction
• Positive Sentiment: ASML’s comments that chipmaking-equipment demand is booked well into 2028, along with Elon Musk’s praise for Micron’s approach to memory pricing, provide additional support for the company’s AI and HBM outlook. Analysts have also raised some future EPS estimates and reaffirmed Buy ratings. ASML Just Delivered Excellent News for Micron Investors
• Neutral Sentiment: A senior vice president sold 6,328 MU shares on October 14, the company’s first reported insider sale since late August. The transaction may attract attention but is not, by itself, evidence of deteriorating fundamentals. Micron Insider Trading Alert
• Negative Sentiment: Investors are increasingly worried that China’s CXMT is advancing toward server-memory products, potentially intensifying competition and pressuring prices. Fears of memory oversupply by 2029 are adding to the sector’s volatility. Memory Stocks Face China and Oversupply Concerns
• Negative Sentiment: The broader AI trade and semiconductor sector are in a selloff as investors question the financing and durability of AI infrastructure spending. Higher inflation and potential interest-rate hikes are further weighing on high-beta technology stocks such as MU.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. President Capital raised their price objective on Micron Technology to $1,500.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $1,500.00 target price on shares of Micron Technology in a report on Thursday, October 1st. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a research report on Thursday, October 1st. JPMorgan Chase & Co. increased their price target on Micron Technology from $550.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, DA Davidson increased their target price on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Stock Down 3.3%

The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.02 trillion, a P/E ratio of 12.13, a P/E/G ratio of 0.16 and a beta of 2.22. The company’s 50 day moving average price is $985.86 and its two-hundred day moving average price is $861.12.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the company posted $3.03 EPS. The business’s revenue for the quarter 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. As a group, research analysts expect that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology’s dividend payout ratio is 0.81%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred 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 directly 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 three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Denali Advisors LLC purchased a new position in shares of Micron Technology during the 2nd quarter worth $7,364,000. Castleark Management LLC acquired a new stake in shares of Micron Technology during the 1st quarter worth about $3,709,000. Oppenheimer & Co. Inc. increased its position in shares of Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares during the last quarter. Legacy Wealth Management LLC MS raised its holdings in Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after buying an additional 1,499 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its holdings in Micron Technology by 2,461.4% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock valued at $42,871,000 after buying an additional 35,691 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Company Profile

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.