Micron Technology (NASDAQ:MU) Trading Down 1.3% – What’s Next?

Micron Technology, Inc. (NASDAQ:MU)’s stock price was down 1.3% during mid-day trading on Thursday . The stock traded as low as $827.00 and last traded at $881.47. Approximately 35,143,857 shares were traded during trading, a decline of 23% from the average daily volume of 45,853,434 shares. The stock had previously closed at $893.19.

More Micron Technology News

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

• Positive Sentiment: Analysts and financial commentators remain bullish on Micron’s long-term AI opportunity. Demand for high-bandwidth memory (HBM) used in data centers is strong, with Micron’s 2026 HBM output reportedly sold out. Several analysts maintain price targets well above the current level, while Bank of America reiterated a Buy rating and a $1,550 target. Micron pullback seen as buying opportunity amid solid end-demand
• Positive Sentiment: Industry commentary continues to point to a multiyear memory shortage. Elon Musk said memory demand is growing faster than global production, while Samsung warned shortages could worsen through 2028. Those trends could support Micron’s pricing, margins and cash flow. How SpaceX’s earnings call turned bullish for memory stocks
• Positive Sentiment: Micron is being highlighted as a top-ranked growth stock because of AI-driven demand, record revenue and potential shareholder returns. Recent reports also note that Micron and other memory companies generated substantial cash flow that could fund buybacks. Buy 5 Top-Ranked Growth Stocks for August
• Neutral Sentiment: Micron’s recent quarterly performance was exceptionally strong, with $41.46 billion in revenue, earnings of $25.11 per share and revenue growth of more than 345% year over year. However, the stock’s sharp prior rally has raised the bar for future results and guidance.
• Negative Sentiment: The immediate catalyst for the selloff was disappointing outlook commentary from SanDisk and Western Digital. Investors interpreted the reports as evidence that memory and storage companies may struggle to deliver the “knockout” guidance expected after their major rallies, prompting broad selling across MU, storage stocks and related AI shares. Memory selloff hits storage stocks
• Negative Sentiment: Investors are increasingly focused on longer-term risks, including excessive AI capital spending, future memory oversupply as manufacturers add capacity, weaker pricing when shortages ease and elevated valuation expectations. Concerns about a broader AI-market correction are adding to volatility. The AI Memory Boom Isn’t Over

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. DA Davidson boosted their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Melius Research started coverage on shares of Micron Technology in a research report on Monday, April 27th. They set a “buy” rating and a $700.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Micron Technology in a report on Tuesday, May 12th. UBS Group lifted their target price on Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $1,268.93.

Micron Technology Stock Down 1.3%

The company has a market cap of $995.52 billion, a P/E ratio of 19.96 and a beta of 2.18. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The company has a 50-day simple moving average of $977.73 and a 200 day simple moving average of $653.36.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data 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 return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s revenue was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a $0.15 dividend. 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 payout ratio is currently 1.36%.

Insider Activity

In related news, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the completion of the sale, the chief executive officer owned 387,064 shares of the company’s stock, valued at $371,728,524.32. This represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn A. Dugle sold 1,300 shares of the firm’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 sale, the director directly owned 17,728 shares of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 164,179 shares of company stock worth $169,385,921 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the last quarter. Sivia Capital Partners LLC grew its position in Micron Technology by 21.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock worth $435,000 after purchasing an additional 628 shares during the period. United Bank purchased a new stake in shares of Micron Technology in the second quarter worth about $236,000. Schnieders Capital Management LLC. grew its holdings in Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after acquiring an additional 6,867 shares during the period. Finally, Sei Investments Co. raised its position in Micron Technology by 5.6% during the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock valued at $49,987,000 after acquiring an additional 21,619 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

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.