Micron Technology (NASDAQ:MU) Stock Price Down 7% – Here’s Why

Micron Technology, Inc. (NASDAQ:MU) shares fell 7% during mid-day trading on Wednesday. The company traded as low as $782.00 and last traded at $795.23. 35,099,207 shares were traded during trading, a decline of 13% from the average daily volume of 40,190,645 shares. The stock had previously closed at $855.10.

Key Micron Technology News

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

• Positive Sentiment: Micron’s latest quarter showed sharply higher sales, and its next-quarter revenue guidance reportedly exceeded Wall Street expectations. Analysts cited continued memory demand, especially for AI systems, as support for the business outlook. Why Micron Stock Is Up Today
• Positive Sentiment: Some investors and analysts view the recent selloff as excessive, pointing to Micron’s low forward valuation, customer commitments, and potential for buybacks. A separate analysis argues that U.S. DRAM production could be economically viable with government incentives and customer premiums. Micron: The Story Is Far From Being Over (Rating Upgrade)
• Neutral Sentiment: The stock’s sharp swings reflect a split outlook: robust current memory demand and results are being balanced against uncertainty about how durable AI-related spending will be. Micron Stock Rebounds After Selloff as AI Demand Risks Persist
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers—including permitting, power-use, and environmental rules—could delay projects and curb demand for memory chips. These fears helped drive the prior session’s steep decline. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported pause in construction of Micron’s planned Taiwan facility, following a labor dispute, adds uncertainty around its manufacturing expansion and future capacity. Micron Plunges Amid Chip Selloff and Taiwan Plant Halt

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MU. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Mizuho raised their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, October 1st. Daiwa Securities Group increased their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Royal Bank Of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, October 1st. Finally, KeyCorp restated an “overweight” rating on shares of Micron Technology in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Price Performance

The firm has a market capitalization of $780.68 billion, a PE ratio of 9.30, a P/E/G ratio of 0.14 and a beta of 2.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The stock has a fifty day moving average price of $961.59 and a 200-day moving average price of $754.99.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter last year, the company earned $3.03 earnings per share. The firm’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. Sell-side analysts forecast that Micron Technology, Inc. will post 175.19 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were given a $0.15 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Deboer sold 28,545 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the sale, the insider owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,545 shares of company stock worth $78,460,850 in the last 90 days. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several large investors have recently made changes to their positions in the company. Andar Capital Management HK Ltd lifted its holdings in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $22,182,263,000. Legal & General Group Plc acquired a new stake in shares of Micron Technology during the 2nd quarter worth about $8,402,393,000. Aberdeen Group plc raised its position in shares of Micron Technology by 762.2% during the 3rd quarter. Aberdeen Group plc now owns 7,084,241 shares of the semiconductor manufacturer’s stock worth $7,545,496,000 after acquiring an additional 6,262,603 shares in the last quarter. Finally, Situational Awareness LP raised its position in shares of Micron Technology by 1,149.0% during the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after acquiring an additional 5,289,124 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Company Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices.

Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.