Micron Technology (NASDAQ:MU) Stock Price Down 10.9% – Should You Sell?

Micron Technology, Inc. (NASDAQ:MU) shares fell 10.9% during mid-day trading on Thursday . The company traded as low as $199.60 and last traded at $201.37. 46,903,820 shares changed hands during trading, an increase of 98% from the average session volume of 23,684,830 shares. The stock had previously closed at $225.92.

Wall Street Analysts Forecast Growth

MU has been the subject of a number of recent research reports. BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Cantor Fitzgerald increased their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Finally, Wedbush increased their price target on shares of Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $215.64.

Micron Technology Trading Down 10.9%

The company’s fifty day moving average price is $199.35 and its two-hundred day moving average price is $142.96. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a market cap of $226.37 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the previous year, the business earned $1.18 EPS. Micron Technology’s revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s dividend payout ratio is presently 6.06%.

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the transaction, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction 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 represents a 36.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 409,756 shares of company stock valued at $85,308,033. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Micron Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ariadne Wealth Management LP bought a new position in Micron Technology in the 3rd quarter worth approximately $273,000. WBI Investments LLC bought a new position in Micron Technology in the 3rd quarter valued at $763,000. Centaurus Financial Inc. increased its stake in shares of Micron Technology by 9.2% in the 3rd quarter. Centaurus Financial Inc. now owns 44,432 shares of the semiconductor manufacturer’s stock valued at $7,434,000 after buying an additional 3,748 shares during the period. Caerus Investment Advisors LLC bought a new stake in shares of Micron Technology during the third quarter worth $462,000. Finally, Mosaic Financial Group LLC bought a new stake in shares of Micron Technology during the third quarter worth $241,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.