Micron Technology (NASDAQ:MU) Shares Down 1.2% – Time to Sell?

24 Jul 2026, 13:52 by Michael Walen · The Markets Daily

Micron Technology, Inc. (NASDAQ:MU – Get Free Report) shares fell 1.2% during trading on Wednesday . The company traded as low as $936.06 and last traded at $959.48. Approximately 30,040,464 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 45,696,961 shares. The stock had previously closed at $970.82.

Micron Technology News Summary

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

Positive Sentiment: Alphabet’s higher 2026 capital-spending forecast reinforced confidence that AI infrastructure demand remains strong, which should benefit Micron’s memory chip sales. Micron stock gains 3%: how is the company benefiting from Alphabet and Tesla earnings
Positive Sentiment: China’s Kimi K3 AI launch drew intense usage, highlighting strong AI compute demand and creating another tailwind for memory suppliers like Micron. Micron (MU) Is Getting A New China AI Demand Signal From Kimi K3
Positive Sentiment: Alecta Pensionsförsäkring increased its Micron stake by 181,120 shares, signaling continued institutional confidence. Alecta Pensionsforsakring boosts Micron Technology stake by 181,120 shares

Analyst Ratings Changes

Several research firms have issued reports on MU. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a report on Tuesday, May 12th. Citigroup increased their target price on Micron Technology from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Barclays raised their price target on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. The Goldman Sachs Group lifted their price target on shares of Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology in a research note on Monday, June 22nd. Four analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,268.93.

Check Out Our Latest Stock Analysis on Micron Technology

Micron Technology Trading Up 3.2%

The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The business’s fifty day simple moving average is $962.35 and its 200 day simple moving average is $620.46. The stock has a market cap of $1.12 trillion, a price-to-earnings ratio of 22.42 and a beta of 2.14.

Micron Technology (NASDAQ:MU – Get Free Report) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The firm’s revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The firm 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 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 dividend payout ratio (DPR) is currently 1.36%.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This trade represents a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 163,300 shares of company stock valued at $152,667,204. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Micron Technology

Several large investors have recently added to or reduced their stakes in MU. Merit Financial Group LLC lifted its stake in Micron Technology by 13.3% in the second quarter. Merit Financial Group LLC now owns 54,880 shares of the semiconductor manufacturer’s stock valued at $63,348,000 after buying an additional 6,446 shares during the last quarter. Intergy Private Wealth LLC acquired a new position in shares of Micron Technology during the second quarter valued at $332,000. Diversified Trust Co. grew its position in shares of Micron Technology by 15.7% during the second quarter. Diversified Trust Co. now owns 24,456 shares of the semiconductor manufacturer’s stock worth $28,229,000 after acquiring an additional 3,318 shares during the last quarter. 4WEALTH Advisors Inc. bought a new position in shares of Micron Technology during the second quarter worth about $369,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in shares of Micron Technology by 1.2% in the 2nd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 27,603 shares of the semiconductor manufacturer’s stock worth $31,862,000 after acquiring an additional 334 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

About Micron Technology

(Get Free Report)

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.