Micron Technology (NASDAQ:MU) Shares Down 1.7% – Here’s Why

Micron Technology, Inc. (NASDAQ:MU) shares traded down 1.7% during mid-day trading on Monday . The stock traded as low as $415.30 and last traded at $420.97. 25,231,261 shares traded hands during trading, a decline of 32% from the average session volume of 37,045,113 shares. The stock had previously closed at $428.17.

Key Micron Technology News

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

• Positive Sentiment: Micron reported a large fiscal Q1 beat, with EPS and revenue well above expectations and multi-year HBM commitments to cloud/AI customers that lock demand through 2026 — supports pricing power and near-term margins. Micron’s AI Memory Pivot Tests Valuation As US Fab Spending Surges
• Positive Sentiment: Major analysts raised targets this week (Deutsche Bank to $500, Needham to $450) citing tightening DRAM/HBM supply and elevated pricing — these upgrades provide further institutional support. Deutsche Bank Raises Micron Price Target to $500 on Tightening DRAM Supply
• Positive Sentiment: An independent EPS forecast was nudged higher for FY2026, reflecting consensus lift from strong results and ongoing AI-driven memory demand. This can sustain momentum if guidance holds. FY2026 EPS Forecast for Micron Technology Raised by Analyst
• Neutral Sentiment: Multiple market stories highlight Micron as a core beneficiary of the AI memory squeeze (MarketBeat / Zacks pieces), reinforcing narrative-driven buying but offering little new company-specific data. These 5 Stocks Are at the Center of the AI Supply Squeeze (MU)
• Neutral Sentiment: Analyst roundups list Micron among AI-memory winners outpacing peers; useful context but already priced into recent gains. 3 AI Stocks Outpacing NVIDIA in 2026 – With More Upside Ahead
• Negative Sentiment: Micron’s plan to spend up to ~$200B on U.S. fabs through 2030 raises investor concern about capital intensity, execution risk and potential margin pressure if demand shifts — a common reason for profit-taking. Did Micron Technology Just Send a $200 Billion Warning to Shareholders?
• Negative Sentiment: SK Hynix says it will boost HBM output, which could ease shortages over time and cap pricing upside for Micron if supply grows faster than demand. SK Hynix Boss Pledges to Boost Output of AI Memory Chips
• Negative Sentiment: Several outlets warn the AI-driven memory surge could eventually reverse — high cyclicality in memory markets means rapid upside can be followed by sharp downdrafts, which may be prompting short-term selling. Micron and Its Memory-Chip Peers Are Riding the AI Surge. How and When It Could Turn Sour.

Analysts Set New Price Targets

Several research firms have recently weighed in on MU. HSBC boosted their price objective on shares of Micron Technology from $350.00 to $500.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Piper Sandler boosted their target price on shares of Micron Technology from $275.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Bank of America increased their price target on Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. William Blair initiated coverage on Micron Technology in a report on Thursday, January 22nd. They issued an “outperform” rating for the company. Finally, KeyCorp increased their target price on Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $358.38.

Micron Technology Stock Down 1.7%

The company has a 50-day moving average of $351.28 and a two-hundred day moving average of $243.56. 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 has a market capitalization of $473.81 billion, a PE ratio of 40.02 and a beta of 1.52.

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

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were paid a dividend of $0.115 per share. The ex-dividend date was 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, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the transaction, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the sale, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This trade represents a 7.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have bought 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several institutional investors have recently made changes to their positions in MU. Manning & Napier Advisors LLC boosted its stake in Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock worth $301,000 after purchasing an additional 24 shares during the period. SWAN Capital LLC lifted its holdings in shares of Micron Technology by 9.7% in the fourth quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock worth $77,000 after buying an additional 24 shares in the last quarter. Vivaldi Capital Management LP boosted its position in shares of Micron Technology by 1.2% during the fourth quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock worth $561,000 after acquiring an additional 24 shares during the last quarter. Round Rock Advisors LLC grew its stake in Micron Technology by 0.6% during the fourth quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock valued at $1,237,000 after acquiring an additional 25 shares in the last quarter. Finally, Arlington Trust Co LLC increased its holdings in Micron Technology by 26.3% in the 4th quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 25 shares during the last quarter. 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.