Micron Technology (NASDAQ:MU) Trading 2.8% Higher – Still a Buy?
by Tristan Rich · The Markets DailyShares of Micron Technology, Inc. (NASDAQ:MU – Get Free Report) traded up 2.8% during trading on Wednesday . The company traded as high as $1,042.40 and last traded at $1,027.77. 23,521,585 shares were traded during trading, a decline of 46% from the average daily volume of 43,457,227 shares. The stock had previously closed at $1,000.26.
Key Stories Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: AI demand and Oracle results support the memory trade. Oracle’s accelerating cloud-infrastructure sales reinforced expectations for sustained AI spending, benefiting Micron’s high-bandwidth memory (HBM) business. Why Micron Stock Is Getting an AI Boost From Oracle Earnings
- Positive Sentiment: Record guidance and supply constraints remain major bullish catalysts. Micron’s latest quarter produced $41.5 billion in revenue, up roughly 346% year over year, while management issued historically high fourth-quarter guidance. Analysts point to continuing DRAM and HBM shortages, with supply potentially tighter in 2027. Micron’s Q4 Might Change The Game
- Positive Sentiment: Long-term customer agreements could reduce cyclicality. Strategic Customer Agreements reportedly cover substantial volumes through 2030 and include pricing protections, improving revenue visibility and supporting margins during future memory cycles. Micron Bets on Long-Term SCA Deals
- Neutral Sentiment: Investor sentiment remains divided after a major rally. Some analysts see considerable additional upside, while others argue that much of the AI-memory opportunity is already reflected in MU’s valuation. The stock has also remained volatile as investors assess whether elevated margins can persist.
- Negative Sentiment: Competitive and macroeconomic risks are weighing on shares. Intel-backed startup Kepler Computing is targeting the memory-chip market, raising longer-term competitive concerns. Higher oil prices, inflation fears and interest-rate pressure have also hurt high-beta semiconductor stocks. Micron Stock Slips as Intel-Backed Startup Takes Aim at Memory-Chip Market
- Negative Sentiment: Large employee payouts and insider selling add caution. Taiwan employees are set to receive bonuses equivalent to 35–68 months of pay, reflecting exceptional profits but potentially increasing costs. Separately, reported insider activity showed sales without purchases, which may reinforce profit-taking concerns.
Analyst Ratings Changes
Several research analysts have recently weighed in on MU shares. Raymond James Financial lifted their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Rosenblatt Securities upped their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Barclays raised their target price on Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. Finally, BMO Capital Markets assumed coverage on Micron Technology in a research report on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 price target for the company. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Micron Technology currently has an average rating of “Buy” and an average price target of $1,295.63.
Read Our Latest Research Report on MU
Micron Technology Trading Down 0.0%
The stock has a market capitalization of $1.10 trillion, a PE ratio of 22.16, a PEG ratio of 0.65 and a beta of 2.22. The stock’s 50 day moving average price is $929.44 and its 200-day moving average price is $753.37. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.
Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.
Micron Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a $0.15 dividend. The ex-dividend date of this dividend 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%.
Insiders Place Their Bets
In other Micron Technology news, CAO Scott Allen sold 879 shares of the 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 transaction of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP April Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,204 shares of company stock worth $182,156,264 over the last ninety days. 0.24% of the stock is owned by company insiders.
Institutional Trading of Micron Technology
Institutional investors and hedge funds have recently bought and sold shares of the stock. High Note Wealth LLC lifted its position in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology in the 1st quarter worth approximately $27,000. Bayban purchased a new stake in shares of Micron Technology during the 4th quarter worth approximately $29,000. WealthCollab LLC raised its holdings in shares of Micron Technology by 4,500.0% during the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 270 shares in the last quarter. Finally, Financial Life Planners purchased a new stake in shares of Micron Technology during the 1st quarter worth approximately $36,000. 80.84% of the stock is currently owned by institutional investors.
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.