Micron Technology, Inc. (NASDAQ:MU – Get Free Report)’s share price traded up 6.3% during mid-day trading on Monday. The company traded as high as $744.74 and last traded at $733.15. 31,697,522 shares were traded during mid-day trading, a decline of 21% from the average session volume of 40,372,801 shares. The stock had previously closed at $690.00.
Key Headlines Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Several reports describe the recent selloff as potentially excessive: demand for memory chips remains strong, supply is constrained, and new production capacity takes years to build. One analysis says more than 75% of Micron’s fiscal 2027 shipments are already committed. Is Micron a Millionaire-Maker Stock?
- Positive Sentiment: Micron’s 26 take-or-pay agreements reportedly represent $32 billion in customer commitments, with pricing protections through 2030. These contracts could make revenue and earnings more predictable. Micron’s 26 SCAs: Can Take-or-Pay Deals Boost Earnings Stability?
- Positive Sentiment: Value-focused commentary pointed to Micron’s low earnings multiple and potential buyback capacity as reasons investors may see the shares as attractive. The buyback discussion reflects investor commentary, not a reported new company commitment. Micron Rises as Bulls Tout Its Bargain Valuation and Buyback Firepower
- Neutral Sentiment: The recovery followed a sharp decline in memory and AI-related stocks, suggesting some of the move may reflect a sector-wide bounce rather than a new company-specific announcement. Why are Micron and SanDisk stocks rising today?
- Negative Sentiment: Investors remain concerned that AI companies could slow spending on data centers, weakening future memory demand. Micron’s shares also face concerns about potential Chinese competition. Why Micron Stock Fell 17% Last Month
- Negative Sentiment: Construction of a new Micron memory-chip plant in Taiwan has paused amid a labor dispute. A prolonged halt could complicate capacity expansion, though the report does not quantify the potential impact. What Does Micron Technology Taiwan Plant Halt Mean For Its Capacity Plans?
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Citigroup increased their target price on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Wedbush reaffirmed an “outperform” rating and set a $1,400.00 target price on shares of Micron Technology in a report on Monday, September 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $1,200.00 target price on shares of Micron Technology in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,407.88.
Micron Technology Stock Performance
The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The company has a market cap of $829.50 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.12 and a beta of 2.36. The stock’s fifty day moving average price is $961.59 and its two-hundred day moving average price is $754.99.
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 (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $3.03 earnings per share. The firm’s quarterly revenue 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. As a group, equities analysts predict that Micron Technology, Inc. will post 175.19 earnings per share for the current year.
Micron Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is 0.81%.
Insider Buying and Selling
In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’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 completion of the sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Deboer sold 28,545 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the sale, the insider directly owned 147,430 shares in the company, valued at $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 83,545 shares of company stock worth $78,460,850 in the last ninety days. 0.24% of the stock is owned by insiders.
Institutional Investors Weigh In On Micron Technology
Several hedge funds and other institutional investors have recently made changes to their positions in MU. RPS Advisory Solutions LLC lifted its holdings in shares of Micron Technology by 13.0% during the third quarter. RPS Advisory Solutions LLC now owns 1,697 shares of the semiconductor manufacturer’s stock worth $1,807,000 after purchasing an additional 195 shares during the period. Bessemer Group Inc. increased its holdings in Micron Technology by 65.1% in the third quarter. Bessemer Group Inc. now owns 666,661 shares of the semiconductor manufacturer’s stock valued at $710,068,000 after purchasing an additional 262,929 shares during the period. SGL Investment Advisors Inc. raised its position in Micron Technology by 1.5% during the 3rd quarter. SGL Investment Advisors Inc. now owns 1,770 shares of the semiconductor manufacturer’s stock worth $1,885,000 after purchasing an additional 26 shares during the last quarter. Hantz Financial Services Inc. raised its position in Micron Technology by 90.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 17,077 shares of the semiconductor manufacturer’s stock worth $18,189,000 after purchasing an additional 8,122 shares during the last quarter. Finally, U S Wealth Group LLC. bought a new position in Micron Technology during the 3rd quarter worth $1,821,000. 80.84% of the stock is owned by institutional investors.
About Micron Technology
Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices.
Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.
Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.
Featured Stories
- Five stocks we like better than Micron Technology
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.
