Shares of Micron Technology, Inc. (NASDAQ:MU – Get Free Report) traded down 4.8% on Thursday. The company traded as low as $1,032.10 and last traded at $1,035.84. Approximately 28,925,701 shares traded hands during trading, a decline of 30% from the average daily volume of 41,532,594 shares. The stock had previously closed at $1,088.00.
Key Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Analysts remain optimistic about Micron’s long-term upside. Seeking Alpha assigns the stock a Buy rating and a $1,307 base-case target, citing AI infrastructure demand, supply constraints and the possibility that MU remains undervalued even if memory prices decline by 15%. Micron: Even If Memory Prices Fall 15%, It May Still Be Undervalued
- Positive Sentiment: The bullish investment case is supported by Micron’s latest results: fiscal fourth-quarter revenue rose 379% year over year to $54.23 billion, adjusted EPS reached $33.42, and management projected fiscal first-quarter 2027 EPS of $37.15–$39.15. More than 75% of fiscal 2027 shipments are reportedly committed, improving demand visibility. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
- Positive Sentiment: AI-related demand remains the central catalyst. Tight high-bandwidth memory supply, expanding data-center deployments and emerging AI-agent workloads are expected to support DRAM, NAND and server-memory demand. Several reports also point to favorable earnings revisions and potential year-end strength for AI semiconductor stocks. 3 Top-Ranked Stocks Breaking Records on AI-Related Demand
- Neutral Sentiment: Micron received a Zacks upgrade to Strong Buy, while other commentary highlighted its high return on equity, strong cash flow and potential for substantially higher future earnings. However, many of the most aggressive targets are highly dependent on unusually strong memory pricing and earnings growth. Micron Technology Stock Rating Upgraded by Zacks Research
- Negative Sentiment: Near-term trading has been pressured by an options market increasingly positioned for semiconductor weakness: put volume in the SMH ETF substantially exceeded call volume, signaling hedging or bearish speculation across chip stocks. Two Massive Trades in Micron and Nvidia
- Negative Sentiment: Investors remain concerned that memory margins may be peaking and that supply will eventually catch up with demand. A weaker-than-expected interpretation of OpenAI revenue data and Samsung’s record but slower-growing profit also triggered caution toward AI and memory stocks. Micron additionally faces labor uncertainty after a Taiwan union authorized strike action over a bonus dispute. Micron, Nvidia and AI Chip Stocks Fall
Analysts Set New Price Targets
MU has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Citigroup increased their price objective on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. President Capital boosted their target price on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.
Micron Technology Trading Down 0.7%
The stock has a market cap of $1.16 trillion, a PE ratio of 13.87, a PEG ratio of 0.18 and a beta of 2.22. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average price is $980.05 and its 200 day moving average price is $841.86.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The company had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 175.82 EPS for the current year.
Micron Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 0.81%.
Insider Buying and Selling
In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott Allen sold 879 shares of the business’s 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 transaction, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Financial Solutions Inc. increased its position in shares of Micron Technology by 27.6% during the 3rd quarter. Integrated Financial Solutions Inc. now owns 3,570 shares of the semiconductor manufacturer’s stock valued at $3,802,000 after purchasing an additional 772 shares during the last quarter. Roan Capital Partners boosted its holdings in shares of Micron Technology by 336.0% in the third quarter. Roan Capital Partners now owns 1,308 shares of the semiconductor manufacturer’s stock worth $1,393,000 after buying an additional 1,008 shares during the last quarter. Gallagher Capital Advisors LLC bought a new stake in Micron Technology during the third quarter valued at approximately $4,168,000. Dupree Financial Group LLC increased its holdings in Micron Technology by 0.8% during the third quarter. Dupree Financial Group LLC now owns 5,342 shares of the semiconductor manufacturer’s stock valued at $5,690,000 after buying an additional 45 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its position in Micron Technology by 6.4% in the third quarter. Armstrong Advisory Group Inc. now owns 1,660 shares of the semiconductor manufacturer’s stock worth $1,768,000 after acquiring an additional 100 shares during the period. Institutional investors own 80.84% of the company’s stock.
Micron Technology Company Profile
Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.
The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.
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