Micron Technology (NASDAQ:MU) Shares Down 1.1% – Here’s What Happened

Micron Technology, Inc. (NASDAQ:MU) shares dropped 1.1% during trading on Wednesday . The company traded as low as $337.18 and last traded at $339.5430. Approximately 32,521,404 shares were traded during trading, a decline of 18% from the average daily volume of 39,586,602 shares. The stock had previously closed at $343.43.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Several high-profile price‑target raises and upbeat analyst notes. UBS raised its target to $400 (buy) and Piper Sandler raised its target to $400 (overweight), reinforcing buy-side conviction and pushing demand for the stock. Why Micron Stock Is Winning Big in the AI Memory Boom
• Positive Sentiment: Strong fundamental/earnings narrative: analysts and authors point to blowout results, aggressive Q2 FY26 guidance (very strong revenue, margins, and EPS), full‑year HBM supply deals and DRAM shortages that support pricing power. That underpins higher earnings expectations and justifies premium valuations for now. Micron: Lot Of Upside In The Tank
• Positive Sentiment: Company and industry catalysts: Micron announced a megafab groundbreaking in New York and is raising AI-related capex — moves that signal long‑term capacity expansion to capture HBM/AI demand. Micron Announces Groundbreaking for Historic New York Megafab
• Neutral Sentiment: Positive media and momentum coverage (Zacks, MarketBeat, Yahoo/TV panels) is amplifying awareness and flows into MU but mainly reflects already-public bullish data rather than new fundamentals. Here’s Why Micron (MU) is a Strong Momentum Stock
• Neutral Sentiment: Several outlets copied/echoed analyst target raises (330–400), which maintains headlines momentum but can crowd trades into similar positioning. Example coverage summarized across news aggregators. Micron (MU) Shares Get Bullish Target Hike
• Negative Sentiment: Technical/short‑term caution: some pieces flag MU as overbought after a large run in 2025 and early January; that invites profit‑taking and could cause pullbacks even amid strong fundamentals. Stock Of The Day: Will Micron Technology Reverse?
• Negative Sentiment: Intraday indicators — slightly lower-than-average volume at midday — suggest some recent buying may be thinning, raising the risk of short-term volatility and pullbacks after the prior big gains. (Market data context.)

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MU shares. Barclays increased their target price on Micron Technology from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Bank of America upgraded Micron Technology from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $300.00 in a research note on Thursday, December 18th. JPMorgan Chase & Co. lifted their price objective on Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Wolfe Research upped their target price on shares of Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, Sanford C. Bernstein increased their target price on shares of Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $292.00.

Micron Technology Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The company’s 50 day moving average price is $250.15 and its 200 day moving average price is $180.57. The firm has a market capitalization of $382.16 billion, a P/E ratio of 32.28, a PEG ratio of 0.20 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm’s quarterly revenue was up 56.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 4.37%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 5,000 shares of Micron Technology stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $263.63, for a total value of $1,318,150.00. Following the transaction, the director owned 19,139 shares in the company, valued at approximately $5,045,614.57. This represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 316,800 shares of company stock valued at $71,658,387 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

Institutional investors and hedge funds have recently modified their holdings of the business. American Capital Advisory LLC boosted its holdings in shares of Micron Technology by 20.4% in the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after buying an additional 46 shares during the period. Winthrop Capital Management LLC increased its holdings in Micron Technology by 4.0% during the 3rd quarter. Winthrop Capital Management LLC now owns 1,234 shares of the semiconductor manufacturer’s stock worth $206,000 after purchasing an additional 47 shares in the last quarter. Main Street Research LLC raised its stake in shares of Micron Technology by 0.8% in the 3rd quarter. Main Street Research LLC now owns 5,976 shares of the semiconductor manufacturer’s stock valued at $1,000,000 after purchasing an additional 47 shares during the period. Vivaldi Capital Management LP lifted its holdings in shares of Micron Technology by 2.6% in the third quarter. Vivaldi Capital Management LP now owns 1,940 shares of the semiconductor manufacturer’s stock valued at $325,000 after purchasing an additional 49 shares in the last quarter. Finally, Teamwork Financial Advisors LLC lifted its holdings in shares of Micron Technology by 0.4% in the third quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock valued at $2,505,000 after purchasing an additional 53 shares in 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.