Micron Technology (NASDAQ:MU) Trading Down 4.2% – What’s Next?

Shares of Micron Technology, Inc. (NASDAQ:MU) were down 4.2% during mid-day trading on Tuesday . The company traded as low as $407.53 and last traded at $419.44. Approximately 42,156,677 shares traded hands during trading, an increase of 12% from the average daily volume of 37,710,402 shares. The stock had previously closed at $437.80.

Micron Technology News Summary

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

• Positive Sentiment: Micron announced a massive $24 billion Singapore NAND megafab project — a long‑term capacity commitment that signals strong NAND demand and strengthens Micron’s scale in a hot segment. Micron Technology (MU) Is Up 6.7% After Launching $24 Billion Singapore NAND Megafab Project
• Positive Sentiment: Analysts and media point to AI memory demand as the core driver of the recent surge — hyperscale AI customer spend is lifting DRAM/HBM pricing and volumes, which materially improves Micron’s revenue and margin outlook. How Micron Technology Stock Soared 45% Last Month
• Positive Sentiment: Apple cited memory constraints on its earnings call, which investors view as supportive for Micron because it implies continued demand and limited near‑term supply, benefiting pricing. Apple CEO Tim Cook Just Gave Great News to Micron Investors
• Positive Sentiment: Sell‑side support: Phillip Securities set a $500 price target citing HBM demand, and Mizuho raised its target to $480 and kept an Outperform — analyst upgrades bolster near‑term sentiment and provide institutional validation. Micron (MU) Stock: Phillip Securities Sets $500 Price Target on HBM Demand Mizuho Lifts Micron Technology, Inc. (MU)’s Price Target To $480, Maintains Outperform Rating
• Neutral Sentiment: Some analysts argue Micron’s tailwinds may already be priced in — that limits upside and raises the bar for further positive catalysts. Watch upcoming guidance and order trends for confirmation. Micron: Tailwinds Priced In
• Neutral Sentiment: Market writeups debate valuation and investor positioning (Is it too late? evolving story pieces). These highlight both the growth case and valuation risk — relevant for any new money allocation. How The Evolving Story On Micron Technology (MU) Is Shaping Its Valuation Now
• Negative Sentiment: Profit‑taking and investor concerns are pressuring the stock today — after doubling from November lows, some holders are locking gains; commentators also flag unusual options flows and worries about very large capex commitments that could compress near‑term free cash flow. Micron stock sinks after big rally: why profit-taking is hitting now

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MU shares. Hsbc Global Res upgraded shares of Micron Technology to a “strong-buy” rating in a research report on Friday, January 23rd. Royal Bank Of Canada initiated coverage on Micron Technology in a research report on Thursday, January 15th. They set an “outperform” rating and a $425.00 target price for the company. HSBC raised their price target on Micron Technology from $350.00 to $500.00 and gave the company a “buy” rating in a report on Friday, January 23rd. The Goldman Sachs Group boosted their price objective on Micron Technology from $205.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Finally, Sanford C. Bernstein upped their target price on shares of Micron Technology from $270.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average target price of $349.76.

Micron Technology Stock Performance

The stock has a market cap of $472.08 billion, a price-to-earnings ratio of 39.87 and a beta of 1.51. The stock’s fifty day moving average is $305.59 and its 200-day moving average is $214.69. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period last year, the business posted $1.79 earnings per share. The business’s revenue for the quarter was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology’s dividend payout ratio is 4.37%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the sale, the director directly owned 19,139 shares in the company, valued at approximately $5,045,614.57. This trade represents a 20.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the transaction, the executive vice president directly owned 323,486 shares in the company, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 61,123 shares worth $19,547,151. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after acquiring an additional 1,954,644 shares during the last quarter. State Street Corp grew its stake in Micron Technology by 0.6% in the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock valued at $8,643,613,000 after purchasing an additional 285,582 shares in the last quarter. Geode Capital Management LLC grew its stake in Micron Technology by 1.2% in the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after purchasing an additional 314,489 shares in the last quarter. Capital International Investors increased its position in shares of Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after purchasing an additional 155,860 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Micron Technology during the 2nd quarter worth approximately $1,980,700,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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.