Micron Technology (NASDAQ:MU) Shares Climb 2% – Still a Buy?

Posted by Stanley Muller on Oct 21st, 2026

Micron Technology, Inc. (NASDAQ:MU – Get Free Report) traded up 2% during mid-day trading on Wednesday. The company traded as high as $928.45 and last traded at $913.67. Approximately 20,663,262 shares traded hands during trading, a decline of 49% from the average session volume of 40,850,320 shares. The stock had previously closed at $896.07.

Key Headlines Impacting Micron Technology

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

Positive Sentiment: Micron said it reached an agreement with a Taiwan union, reducing the immediate risk of a planned strike and potential disruption at its Taichung operations. Micron says it has reached agreement with Taiwan union
Positive Sentiment: ASML said semiconductor and memory demand could exceed supply through at least 2028, reinforcing the bullish outlook for Micron’s DRAM and high-bandwidth memory products used in AI systems. ASML Has Incredible News for Nvidia Stock and Micron Stock Investors
Positive Sentiment: Micron’s technology presentation highlighted advances in DRAM, HBM and NAND, supporting expectations that AI-driven demand and next-generation memory products can extend its growth cycle. Micron Technology discusses advancements in DRAM, HBM and NAND
Positive Sentiment: Analysts continue to cite tight supply, higher-priced contracts, long-term customer commitments and potential buybacks as catalysts. Micron’s latest results substantially exceeded expectations, with $33.42 adjusted EPS and $54.23 billion in revenue. Micron Stock Moves Higher: What’s Going On?
Neutral Sentiment: Micron’s investment in Indium Corporation’s New York critical-materials processing expansion should strengthen its U.S. supply chain, although the near-term earnings impact is likely limited. Micron invests in New York critical minerals processing
Negative Sentiment: After gaining more than 200% this year, Micron faces increased profit-taking and concerns that its unusually strong earnings may weaken when additional industry capacity comes online. Micron is up 221% in 2026
Negative Sentiment: An insider sold 28,545 shares valued at approximately $25.7 million, a transaction that may add to investor caution but does not by itself indicate a change in business fundamentals. Micron insider Scott Deboer sells shares
Negative Sentiment: China’s CXMT continues progressing toward server-memory production, creating a longer-term competitive and pricing risk for Micron. Intel versus Micron: exposure to CXMT

Analysts Set New Price Targets

Several equities analysts recently commented on the company. CLSA reiterated an “outperform” rating and issued a $1,700.00 target price on shares of Micron Technology in a research note on Friday, October 2nd. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a research note on Thursday, October 1st. Wedbush restated an “outperform” rating and issued a $1,400.00 price target on shares of Micron Technology in a report on Monday, September 28th. BNP Paribas Exane upped their price objective on shares of Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, HSBC increased their price objective on shares of Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. One 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Read Our Latest Stock Report on MU

Micron Technology Stock Up 2.0%

The stock has a fifty day moving average price of $987.31 and a 200-day moving average price of $872.76. The firm has a market cap of $1.03 trillion, a PE ratio of 12.31, a PEG ratio of 0.16 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

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 firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter last year, the firm posted $3.03 earnings per share. Micron Technology’s revenue for the quarter was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Research analysts expect that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s 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 transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 124,424 shares of company stock worth $116,629,966. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Institutional investors have recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd lifted its position in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after acquiring an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE grew its position in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after purchasing an additional 2,136,470 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Micron Technology during the second quarter worth approximately $8,402,393,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Micron Technology by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer’s stock worth $2,352,282,000 after purchasing an additional 86,488 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Company Profile

(Get Free Report)

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.