Micron Technology (NASDAQ:MU) Stock Price Up 6.1% – Still a Buy?

Posted by George Bondi on Sep 4th, 2026

Micron Technology, Inc. (NASDAQ:MU – Get Free Report) shot up 6.1% during mid-day trading on Friday . The company traded as high as $1,017.77 and last traded at $1,016.59. Approximately 34,785,443 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 43,670,621 shares. The stock had previously closed at $958.16.

Key Micron Technology News

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

Positive Sentiment: AI infrastructure spending is supporting demand for high-bandwidth memory (HBM), DRAM and NAND. Reports suggest hyperscalers are reserving advanced memory supply years in advance, reinforcing the view that Micron’s current upcycle could last longer than traditional memory cycles. Micron: The AI Memory Shortage Has Spread Beyond HBM
Positive Sentiment: Micron’s 16 strategic customer agreements, including contracts with pricing floors or bands extending through 2030, could provide better revenue visibility and margin protection than in prior memory cycles. That is helping investors view advanced memory as strategic AI infrastructure rather than a purely spot-priced commodity. Micron’s 16 Contracts Reveal the Next AI Bottleneck
Positive Sentiment: Memory stocks are leading the broader market as renewed enthusiasm for AI infrastructure, the launch of a new OpenAI model and expectations for continued semiconductor spending boost the group. Lynx Equity Strategies also maintains a bullish outlook and a $1,325 price target for Micron. Lynx Equity sees Micron and SanDisk breakout as volatility normalizes

Wall Street Analysts Forecast Growth

MU has been the topic of several research analyst reports. Citigroup cut their price objective on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Friday, August 7th. BMO Capital Markets assumed coverage on shares of Micron Technology in a research note on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 price objective for the company. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Finally, Raymond James Financial raised their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research 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 MarketBeat, the company has an average rating of “Buy” and an average target price of $1,295.63.

Check Out Our Latest Stock Analysis on Micron Technology

Micron Technology Price Performance

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 simple moving average is $937.47 and its 200 day simple moving average is $732.52. The company has a market capitalization of $1.15 trillion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.61 and a beta of 2.22.

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

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.

Insiders Place Their Bets

In other news, Director Lynn A. Dugle sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director owned 17,728 shares of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% 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 R. Allen sold 879 shares of the stock in a transaction on 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 transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 177,204 shares of company stock valued at $182,156,264. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its holdings in Micron Technology by 7.2% in the second quarter. Parkside Financial Bank & Trust now owns 3,916 shares of the semiconductor manufacturer’s stock valued at $4,520,000 after buying an additional 262 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group acquired a new stake in shares of Micron Technology in the second quarter worth $806,000. Range Advisory LLC lifted its holdings in shares of Micron Technology by 80.2% during the 2nd quarter. Range Advisory LLC now owns 3,504 shares of the semiconductor manufacturer’s stock valued at $4,044,000 after acquiring an additional 1,559 shares in the last quarter. Brown Lisle Cummings Inc. lifted its holdings in shares of Micron Technology by 16.6% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 211 shares of the semiconductor manufacturer’s stock valued at $244,000 after acquiring an additional 30 shares in the last quarter. Finally, Cornerstone Financial Management LLC boosted its position in Micron Technology by 30.2% during the 2nd quarter. Cornerstone Financial Management LLC now owns 302 shares of the semiconductor manufacturer’s stock worth $349,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

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.