Micron Technology, Inc. (NASDAQ:MU – Get Free Report)’s share price was up 3.9% during mid-day trading on Friday . The stock traded as high as $1,016.44 and last traded at $1,015.80. Approximately 35,018,430 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 42,721,637 shares. The stock had previously closed at $977.50.
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Memory shortage supports pricing power: Intel CEO Lip-Bu Tan reportedly said memory prices have risen five- to sevenfold and that shortages could persist into 2027. The outlook reinforces expectations for strong margins and revenue growth at Micron. Micron Adds 1.3% as Intel Extends Memory Scarcity Into 2027
- Positive Sentiment: RBC sees valuation upside: Royal Bank of Canada reaffirmed its “Outperform” rating and assigned a $1,500 price target, arguing that MU’s valuation does not fully reflect its exposure to the AI-driven memory boom or its customer and pricing agreements. Micron stock rises as RBC sees AI memory demand supporting valuation
- Positive Sentiment: Analysts expect another earnings beat: Micron’s history of exceeding estimates, rapid earnings growth, and continued AI-related demand have increased investor interest ahead of the September 30 report. Options markets imply a potentially large post-earnings move. Can Micron Keep the Earnings Surprise Streak Alive?
- Positive Sentiment: Product and capacity expansion add longer-term support: Micron’s 512GB DDR5 server memory module and its $2.75 billion India facility strengthen its position in AI infrastructure and expand future production capacity. Micron’s New 512GB Memory Module Deepens Its AI Infrastructure Advantage
- Neutral Sentiment: Investor attention remains elevated: Jim Cramer ranked Micron second among his favored technology stocks, while other analysts and commentators highlighted the company as a key upstream beneficiary of AI spending. Jim Cramer Calls Intel the Best Stock in Show and Micron No. 2
- Negative Sentiment: Risks could limit further gains: Chinese rival CXMT is expanding into NAND flash, potentially increasing future competition. Separately, workers at Micron’s major Taiwan production base threatened strike action over compensation, creating execution and supply-chain risks. Micron Faces Growing China Threat
Analysts Set New Price Targets
MU has been the topic of a number of recent research reports. Barclays upped their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Raymond James Financial upped their price target on 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. Susquehanna raised their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research report on Thursday, June 25th. Wolfe Research set a $1,500.00 price objective on Micron Technology in a research note on Thursday, June 25th. Finally, Wells Fargo & Company boosted their target price on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. 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 stock. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average target price of $1,295.63.
Micron Technology Stock Up 3.9%
The company has a market cap of $1.15 trillion, a P/E ratio of 23.00, a P/E/G ratio of 0.59 and a beta of 2.22. 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 company’s 50-day moving average is $927.28 and its two-hundred day moving average is $771.93.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $41.46 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.
Micron Technology Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s dividend payout ratio is presently 1.36%.
Insider Activity
In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 177,204 shares of company stock valued at $182,156,264. Corporate insiders own 0.24% of the company’s stock.
Institutional Trading of Micron Technology
Large investors have recently made changes to their positions in the stock. Wellington Altus USA Inc. lifted its position in Micron Technology by 497.7% during the second quarter. Wellington Altus USA Inc. now owns 2,116 shares of the semiconductor manufacturer’s stock valued at $2,442,000 after purchasing an additional 1,762 shares during the period. IKE Capital LLC bought a new stake in Micron Technology in the 2nd quarter worth approximately $629,000. Anchor Investment Management LLC raised its stake in Micron Technology by 2.0% during the 2nd quarter. Anchor Investment Management LLC now owns 12,303 shares of the semiconductor manufacturer’s stock valued at $14,201,000 after buying an additional 243 shares during the last quarter. Reynders McVeigh Capital Management LLC purchased a new stake in Micron Technology during the 2nd quarter valued at $439,000. Finally, Bullseye Investment Management LLC purchased a new stake in Micron Technology during the 2nd quarter valued at $27,000. 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.
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