Micron Technology (NASDAQ:MU) Shares Up 16.5% – Time to Buy?

Micron Technology, Inc. (NASDAQ:MU)’s stock price rose 16.5% during trading on Thursday . The stock traded as high as $846.88 and last traded at $860.9170. Approximately 21,300,774 shares changed hands during trading, a decline of 53% from the average session volume of 45,711,422 shares. The stock had previously closed at $739.00.

Micron Technology News Summary

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

• Positive Sentiment: Memory stocks broadly rallied as investors focused on stronger pricing, improving supply-demand conditions and resilient demand from artificial-intelligence infrastructure. Memory Stocks Blast Off
• Positive Sentiment: Analyst commentary remains bullish: Wolfe Research’s Chris Caso argued that a semiconductor oversupply cycle is unlikely before 2028 because the industry lacks the infrastructure to rapidly add sufficient capacity. That supports Micron’s pricing power and margins. Top Chip Analyst on Semiconductor Oversupply
• Positive Sentiment: Micron’s latest results provide a strong fundamental backdrop, with fiscal third-quarter revenue of $41.46 billion, up roughly 346% year over year, and EPS of $25.11 versus $21.39 expected. Its high-bandwidth-memory ramp for Nvidia’s next-generation AI platform is a key growth driver, while Wall Street’s average price target of about $1,507 implies substantial upside. Micron Wall Street Price Target
• Positive Sentiment: Samsung’s operating profit surged more than 1,800% and management indicated that the memory shortage could persist through 2028, reinforcing the view that AI demand has not yet peaked. Micron Stock and Samsung Earnings
• Neutral Sentiment: Analysts maintain a consensus “Buy” rating, but Micron remains highly volatile after its significant prior run-up and recent decline. Investors are weighing attractive long-term valuation against elevated cyclical and execution risks.
• Negative Sentiment: CEO Sanjay Mehrotra sold approximately $37.3 million of Micron shares, while Chief Accounting Officer Scott Allen sold about $879,000. The sales may weigh on sentiment, although both executives retained substantial holdings and the transactions do not by themselves establish a change in business outlook. Micron CEO Insider Sale
• Negative Sentiment: Earlier pressure came from SK Hynix’s revenue miss, fears of an AI-spending slowdown, broad semiconductor de-risking and concern that China’s CXMT could eventually increase DRAM competition. These risks remain important despite the current rebound. Chip Stocks Selloff After SK Hynix Earnings

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Sanford C. Bernstein set a $1,300.00 price target on Micron Technology in a report on Monday, June 22nd. Raymond James Financial lifted their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Stifel Nicolaus lifted their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Melius Research began coverage on shares of Micron Technology in a research note on Monday, April 27th. They set a “buy” rating and a $700.00 target price on the stock. Finally, Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Four equities research 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 stock. According to data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average target price of $1,268.93.

Micron Technology Price Performance

The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $973.22 and a 200 day moving average price of $634.95. The stock has a market cap of $974.53 billion, a P/E ratio of 19.57 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current fiscal 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 was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

Insider Buying and Selling at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This trade represents a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 204,179 shares of company stock valued at $190,836,321 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MU. High Note Wealth LLC lifted its position in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Micron Technology in the first quarter worth about $27,000. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Micron Technology by 4,800.0% during the fourth 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 period. Bayban acquired a new position in Micron Technology during the fourth quarter valued at $29,000. Finally, GHP Investment Advisors Inc. lifted its position in Micron Technology by 91.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 52 shares during the period. 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.