Micron Technology (NASDAQ:MU) Shares Gap Down on Insider Selling

Shares of Micron Technology, Inc. (NASDAQ:MU) gapped down prior to trading on Tuesday after an insider sold shares in the company. The stock had previously closed at $900.20, but opened at $839.61. Micron Technology shares last traded at $810.1370, with a volume of 10,625,375 shares changing hands.

Specifically, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Wall Street Analysts Forecast Growth

MU has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Cantor Fitzgerald reissued an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Micron Technology in a research report on Friday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $1,268.93.

Key Micron Technology News

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

• Positive Sentiment: Micron remains a favored long-term AI infrastructure investment. Analysts and investment publications point to strong data-center demand, tight memory supply, rising prices and significant earnings growth as potential support for the shares. 3 AI Chip and Memory Behemoths to Buy Ahead of August for Big Upside
• Positive Sentiment: Micron’s latest reported quarter significantly exceeded expectations, with revenue up sharply year over year and earnings above consensus. Proposed U.S. tariffs or restrictions on Chinese memory could also strengthen Micron’s domestic competitive position and pricing power. Micron Technology Stock Information
• Neutral Sentiment: CME’s launch of extended-hours single-stock futures for Micron may improve investors’ ability to hedge or trade the stock around the clock, but it does not change the company’s underlying fundamentals. CME Launches Single Stock Futures
• Negative Sentiment: ChangXin Memory Technologies (CXMT) surged in its Shanghai IPO after raising approximately $8.5 billion. Investors fear the capital will fund rapid expansion of conventional DRAM production, increasing competition and eventually pressuring Micron’s pricing, margins and market share. Chinese Chipmaker CXMT Surges on IPO Day
• Negative Sentiment: Reports that China is advancing domestically developed deep-ultraviolet lithography equipment have intensified worries that Chinese semiconductor companies could narrow the technology gap faster than expected. The pressure has spread across Micron, SanDisk and Asian memory producers. Why Memory Stocks Are Falling
• Negative Sentiment: A broader technology selloff, concerns about expensive data-center financing and investor deleveraging are prompting traders to reduce exposure to the AI memory trade. The decline in South Korean technology stocks has added to the negative sentiment. Why Micron, Nvidia and AMD Stocks Are Plunging

Micron Technology Stock Performance

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 firm has a market capitalization of $932.58 billion, a PE ratio of 18.71 and a beta of 2.14. The firm’s fifty day moving average price is $970.65 and its 200 day moving average price is $628.66.

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

Micron Technology Announces Dividend

The company also recently declared 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 of this dividend 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 1.36%.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently made changes to their positions in MU. High Note Wealth LLC raised its position in Micron Technology by 65.4% during 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. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology in the first quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. increased its stake in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the last quarter. Bayban acquired a new position in shares of Micron Technology during the 4th quarter worth $29,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Micron Technology by 91.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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.