Micron Technology (NASDAQ:MU) Stock Falls 17.5% – Should You Sell?

Micron Technology, Inc. (NASDAQ:MU) was down 17.5% during trading on Thursday. The company traded as low as $650.00 and last traded at $655.7850. Approximately 75,633,907 shares were traded during mid-day trading, an increase of 87% from the average session volume of 40,343,785 shares. The stock had previously closed at $795.23.

More Micron Technology News

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

• Positive Sentiment: Some coverage views the selloff as a potential buying opportunity, pointing to continued AI-driven demand for high-bandwidth memory, strong memory pricing and Micron’s longer-term growth prospects. Article: Could Buying Micron Stock Today Help Set You Up for Life?
• Neutral Sentiment: Board director Linnie M. Haynesworth plans to retire at Micron’s annual meeting in January 2027; the announcement did not identify an immediate business or financial impact. Article: Micron Announces Board of Directors Retirement
• Negative Sentiment: The main concern is that newly heightened political resistance to AI data centers could bring stricter rules on zoning, power and water use, delaying projects and weakening expected demand for AI memory. Those fears are contributing to a broader technology and semiconductor selloff. Article: Could Micron Technology Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: Reports that Micron has paused plans for a $4.5 billion Taiwan memory plant after a labor dispute add uncertainty around its expansion plans. The facility was expected to support DRAM and high-bandwidth memory production. Article: Micron Stock Falls After Report of $4.5 Billion Taiwan Pause
• Negative Sentiment: Investors are also watching competition: China’s CXMT says it has pre-sold $1 billion of DRAM, raising concerns about future competition for market share, including in high-bandwidth memory. Article: Why Micron Stock Keeps Going Down

Analysts Set New Price Targets

MU has been the subject of a number of recent analyst reports. UBS Group restated a “buy” rating and set a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. Susquehanna reiterated a “positive” rating on shares of Micron Technology in a report on Thursday, October 1st. Daiwa Securities Group raised their target price on Micron Technology from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a report on Friday, July 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $2,000.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Trading Down 17.5%

The company has a market capitalization of $741.97 billion, a PE ratio of 8.84, a P/E/G ratio of 0.15 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 business has a fifty day moving average price of $972.16 and a 200 day moving average price of $751.90.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results 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. The business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business’s revenue was up 379.1% on a year-over-year basis. During the same period last year, the business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Analysts expect that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were issued 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%.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% 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 sold 83,545 shares of company stock worth $78,460,850. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. M.E. Allison & CO. Inc. boosted its holdings in Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after purchasing an additional 11 shares during the last quarter. Purus Wealth Management LLC lifted its stake in shares of Micron Technology by 1.4% in the third quarter. Purus Wealth Management LLC now owns 814 shares of the semiconductor manufacturer’s stock worth $867,000 after buying an additional 11 shares in the last quarter. Ables Iannone Moore & Associates Inc. boosted its stake in Micron Technology by 5.3% during the third quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock worth $252,000 after buying an additional 12 shares during the last quarter. Koesten Hirschmann & Crabtree INC. boosted its holdings in Micron Technology by 5.6% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 228 shares of the semiconductor manufacturer’s stock valued at $243,000 after purchasing an additional 12 shares during the last quarter. Finally, Physician Wealth Advisors Inc. increased its position in shares of Micron Technology by 1.6% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 762 shares of the semiconductor manufacturer’s stock worth $812,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.