Micron Technology (NASDAQ:MU) Trading 12.2% Higher – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU)’s stock price shot up 12.2% during mid-day trading on Tuesday . The company traded as high as $982.88 and last traded at $970.82. Approximately 48,141,424 shares traded hands during trading, an increase of 5% from the average session volume of 45,770,258 shares. The stock had previously closed at $865.46.

Micron Technology News Summary

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

• Positive Sentiment: Bank of America’s upbeat view on memory demand helped spark a broader rebound in Micron and other chip stocks, with the firm arguing that low-cost Chinese AI models could actually increase demand for memory chips. Micron stock jumps 12%: what is driving the memory stock today
• Positive Sentiment: Several articles point to a strong AI memory cycle, with Micron benefiting from surging high-bandwidth memory demand and evidence that the supply chain remains tight. Micron’s AI Boom Is Priced In; Its Profitability Transformation Is Not
• Positive Sentiment: Traders also highlighted a bullish “Power Inflow” signal, suggesting institutional buying interest is supporting the stock’s rebound. Micron Shares Rise Over 5 Percent After Key Trading Signal
• Positive Sentiment: Wall Street commentary has turned more constructive, with multiple notes saying the recent memory-chip selloff may have created a buying opportunity in Micron. Why Micron Stock Bounced Back Today
• Neutral Sentiment: Broader tech and semiconductor stocks are also bouncing, so part of MU’s move may reflect a sector-wide risk-on rotation rather than Micron-only news. Tech Stocks Surge as Momentum Traps the Bears
• Negative Sentiment: Some commentary still warns that Micron is volatile and that memory prices may be at risk if large customers try to reduce exposure to rising chip costs. Micron and SK Hynix Stocks Jump. Watch for This Memory-Related Catalyst.

Analyst Upgrades and Downgrades

A number of research firms have commented on MU. Wells Fargo & Company upped their target price on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. DA Davidson lifted their price target on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Rosenblatt Securities boosted their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Finally, Barclays increased their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $1,268.93.

Micron Technology Stock Up 12.2%

The business has a fifty day moving average of $950.86 and a 200 day moving average of $606.14. The company has a market capitalization of $1.10 trillion, a PE ratio of 21.98 and a beta of 2.14. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.

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

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Monday, July 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, July 6th. Micron Technology’s dividend payout ratio is presently 1.36%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 163,300 shares of company stock valued at $152,667,204 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several large investors have recently bought and sold shares of the stock. High Note Wealth LLC raised its holdings in Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 34 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Micron Technology during the 1st quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. increased its position in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares during the last quarter. Finally, Bayban purchased a new stake in shares of Micron Technology in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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.