Micron Technology, Inc. (NASDAQ:MU – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $980.53 and traded as high as $990.00. Micron Technology shares last traded at $983.23, with a volume of 30,398,437 shares traded.
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: SK Hynix points to sustained shortages. The South Korean memory maker reported a 632% year-over-year increase in operating profit and said its DRAM and high-bandwidth memory (HBM) capacity is effectively sold out through 2029. Management expects demand to exceed supply through 2030, a bullish read-through for Micron’s AI-focused HBM and broader DRAM businesses. Micron Stock Rises as SK Hynix Says DRAM and HBM Sold Out Through 2029
- Positive Sentiment: Micron’s own results show powerful momentum. The company recently reported quarterly revenue of $54.23 billion, up 379% from the prior year, and earnings of $33.42 per share, beating estimates. Its Q1 fiscal 2027 EPS guidance of $37.15 to $39.15 provides further evidence that the memory upcycle remains strong. Why Micron Stock Is Up Today
- Positive Sentiment: Valuation remains attractive to some investors. Articles note that Micron trades at a forward P/E below 6 after retreating from its June peak, while analysts and commentators including Jim Cramer view MU as a potential major beneficiary of the AI memory boom.
- Neutral Sentiment: Additional demand catalysts are emerging. Forecasts that robotics and physical AI could require substantially more memory support Micron’s long-term growth case, although these opportunities remain speculative and are not yet a material revenue driver.
- Negative Sentiment: Investors still face cyclical and valuation risks. Memory shortages can eventually reverse, potentially pressuring prices and profits. Micron’s recent pullback, elevated volatility, and close trading correlation with SK Hynix also leave the stock vulnerable if AI spending or supply-demand conditions weaken.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on MU shares. Robert W. Baird upped their price target on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Citigroup increased their target price on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. Itau BBA Securities raised their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Finally, New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and upped their price target for the company from $470.00 to $1,250.00 in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,407.88.
View Our Latest Research Report on Micron Technology
Micron Technology Trading Up 5.9%
The business’s 50-day simple moving average is $980.53 and its 200-day simple moving average is $738.88. The company has a market cap of $1.11 trillion, a PE ratio of 13.25, a P/E/G ratio of 0.15 and a beta of 2.22. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03.
Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the previous year, the company posted $3.03 EPS. Micron Technology’s revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts expect that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.
Micron Technology Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is 0.81%.
Insider Buying and Selling at Micron Technology
In other news, insider Scott J. Deboer sold 28,545 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the sale, the insider directly owned 147,430 shares of the company’s stock, valued at $132,687,000. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,545 shares of company stock worth $78,460,850 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Micron Technology
Large investors have recently made changes to their positions in the company. Gibbs Wealth Management increased its position in Micron Technology by 52.7% during the third quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock worth $6,435,000 after buying an additional 2,085 shares during the last quarter. Denali Advisors LLC bought a new position in Micron Technology during the second quarter valued at about $7,364,000. Castleark Management LLC bought a new position in Micron Technology during the first quarter valued at about $3,709,000. Oppenheimer & Co. Inc. lifted its position in shares of Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares during the last quarter. Finally, Legacy Wealth Management LLC MS boosted its stake in shares of Micron Technology by 73.3% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after acquiring an additional 1,499 shares in the last quarter. 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 products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.
The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.
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