Micron Technology (NASDAQ:MU) Stock Price Down 2.3% – Should You Sell?

Micron Technology, Inc. (NASDAQ:MU) shares traded down 2.3% during trading on Monday . The company traded as low as $854.79 and last traded at $900.20. 47,040,907 shares traded hands during trading, an increase of 3% from the average session volume of 45,606,387 shares. The stock had previously closed at $920.95.

Key Micron Technology News

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

• Positive Sentiment: Some analysts see limited near-term risk from China’s ChangXin Memory Technologies (CXMT), noting that Micron remains positioned to benefit from strong AI data-center demand and the current memory shortage. Wall Street Sees Little Threat to Micron From China’s Memory Giant
• Positive Sentiment: Investment commentary continues to highlight Micron’s exposure to AI infrastructure, strong earnings growth and comparatively attractive valuation following its recent pullback. Bank of America reportedly maintains a $1,550 price target, implying substantial upside. Bank of America Sets $1,550 Price Target on Micron
• Neutral Sentiment: CME Group launched nearly round-the-clock, cash-settled single-stock futures for Micron and other companies. The new contracts may improve access to trading and price discovery but do not change Micron’s fundamentals. CME launches single stock futures enabling investors to trade SpaceX, Micron 23 hours a day
• Negative Sentiment: CXMT’s Shanghai IPO surged and raised approximately $8.5 billion at an estimated valuation of $85 billion. Investors fear the new capital could finance rapid expansion in conventional DRAM, increasing supply and intensifying competition for Micron over the longer term. CXMT’s global DRAM share reportedly rose to 7.6% in the first quarter from 4.7% previously. An $85 Billion Chinese DRAM Rival Starts Trading Monday
• Negative Sentiment: Reports that China is producing domestically developed deep-ultraviolet lithography equipment reinforced concerns that Chinese semiconductor companies could narrow the technology gap, become more self-sufficient and pressure established memory manufacturers’ pricing and market share. Why are Micron, Sandisk and SK Hynix stocks falling today?
• Negative Sentiment: The broader decline in South Korea’s Kospi and weakness across memory stocks added to risk-off sentiment toward AI and semiconductor shares, amplifying the reaction to China-related competitive concerns. World’s Best Index Falls Into Bear Market

Analysts Set New Price Targets

MU has been the subject of a number of research analyst reports. Raymond James Financial raised their price target on Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology in a research report on Monday, June 22nd. Barclays increased their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. The Goldman Sachs Group raised their target price on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Stifel Nicolaus upped 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. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Micron Technology has a consensus rating of “Buy” and an average target price of $1,268.93.

Micron Technology Trading Down 2.3%

The business has a 50-day moving average of $966.27 and a 200 day moving average of $624.74. The stock has a market cap of $1.02 trillion, a PE ratio of 20.38 and a beta of 2.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The company 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 firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a dividend of $0.15 per share. The ex-dividend date was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 1.36%.

Insider Activity

In related news, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares in the company, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 163,300 shares of company stock valued at $152,667,204 over the last quarter. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors have recently bought and sold shares of MU. M.E. Allison & CO. Inc. raised its position in shares of Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after buying an additional 11 shares during the period. Cherrydale Wealth Management LLC lifted its position in Micron Technology by 1.4% during the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after buying an additional 13 shares in the last quarter. Red Door Wealth Management LLC grew its stake in Micron Technology by 0.7% during the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after buying an additional 14 shares during the period. Signature Equity Partners LLC increased its position in shares of Micron Technology by 6.3% in the first quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock worth $86,000 after acquiring an additional 15 shares in the last quarter. Finally, Madrona Financial Services LLC increased its position in shares of Micron Technology by 1.0% in the second quarter. Madrona Financial Services LLC now owns 1,543 shares of the semiconductor manufacturer’s stock worth $1,781,000 after acquiring an additional 16 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Company Profile

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.