Micron Technology (NASDAQ:MU) Stock Falls 2.2% – Time to Sell?

Micron Technology, Inc. (NASDAQ:MU)’s share price was down 2.2% during mid-day trading on Wednesday. The stock traded as low as $1,064.25 and last traded at $1,071.88. Approximately 21,350,664 shares were traded during trading, a decline of 50% from the average daily volume of 42,457,781 shares. The stock had previously closed at $1,096.16.

Micron Technology News Roundup

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

• Positive Sentiment: Strong earnings expectations: Wall Street expects adjusted fourth-quarter earnings of roughly $31.50 per share, with revenue and EPS forecast to rise sharply year over year. Analysts cite AI-driven demand, favorable supply-demand conditions and higher memory prices as potential catalysts. Micron Likely to Beat Q4 Earnings Estimates
• Positive Sentiment: Analysts remain bullish: Rosenblatt reaffirmed a Buy rating and a $1,500 price target, while UBS maintained a $1,625 target. Other firms, including Citi, BofA and Wells Fargo, continue to see upside from stronger DRAM pricing, undersupply and potential shareholder returns. Analyst Sets Micron Stock Price Target
• Positive Sentiment: Profitability and cash flow are improving: Investors are watching whether gross margins can remain near the mid-80% range through fiscal 2027. Rising profits and free cash flow could support buybacks or other shareholder distributions. Micron Keeps Analysts Bullish
• Neutral Sentiment: Earnings volatility is elevated: With MU up substantially this year and trading near record levels, the September 30 report’s margin outlook, capital spending and 2027 demand commentary may matter more than the headline results. Two Numbers to Watch in Micron’s Earnings Report
• Negative Sentiment: Investors remain concerned about cyclical risks: Michael Burry has reportedly expanded bearish positions against Micron, warning that increased industry production could eventually ease shortages and pressure memory prices. China’s CXMT is also adding competition in mobile DRAM, although it reportedly trails Micron in yields and HBM capabilities. Michael Burry Doubles Down Against Micron
• Negative Sentiment: Valuation and legal risks remain: After the rally, some investors question whether AI growth is already reflected in MU’s valuation. Separately, an ITC investigation tied to Netlist patent-infringement claims could create a potential commercial overhang.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MU shares. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and increased their price target for the company from $470.00 to $1,250.00 in a research report on Friday, August 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $1,500.00 price objective on shares of Micron Technology in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. UBS Group restated a “buy” rating and set a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a research note on Wednesday. Finally, BNP Paribas Exane lifted their price target on shares of Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology currently has a consensus rating of “Moderate Buy” and an average price target of $1,341.87.

Micron Technology Stock Performance

The firm has a market capitalization of $1.22 trillion, a PE ratio of 24.50, a P/E/G ratio of 0.69 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The company’s fifty day simple moving average is $940.32 and its 200 day simple moving average is $795.50.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s quarterly revenue was up 345.8% on a year-over-year basis. During the same quarter last year, the business earned $1.91 earnings per share. As a group, equities research analysts expect that Micron Technology, Inc. will post 72.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Dugle sold 1,300 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 137,179 shares of company stock worth $135,792,625 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Micron Technology

A number of institutional investors have recently added to or reduced their stakes in the stock. Bullseye Investment Management LLC bought a new stake in shares of Micron Technology during the second quarter valued at about $27,000. Montgomery Financial Services LLC bought a new position in shares of Micron Technology in the second quarter valued at approximately $38,000. JNBA Financial Advisors grew its stake in Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after acquiring an additional 17 shares in the last quarter. Ramsey Quantitative Systems purchased a new position in Micron Technology during the second quarter valued at approximately $46,000. Finally, RHL Group LLC bought a new stake in Micron Technology during the 2nd quarter worth approximately $47,000. 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, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.