Micron Technology (NASDAQ:MU) Stock Price Down 2.9% – What’s Next?

Shares of Micron Technology, Inc. (NASDAQ:MU) were down 2.9% on Tuesday . The stock traded as low as $395.30 and last traded at $399.78. Approximately 28,220,043 shares were traded during trading, a decline of 26% from the average daily volume of 38,293,805 shares. The stock had previously closed at $411.66.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: HBM4 stock sold out and early HBM4 ramp: Reports say Micron has sold out 2026 HBM4 capacity and is ramping HBM4 early, reinforcing immediate pricing power and AI memory scarcity that support higher revenue and margins. Micron Technology (MU) Is Up 10.3% After 2026 HBM4 Capacity Sells Out On AI Demand
• Positive Sentiment: Institutional conviction: Activist/hedge‑fund moves show buy interest — David Tepper’s Appaloosa reportedly increased its MU stake ~250%, signaling confidence from a major investor and supporting momentum. David Tepper’s Appaloosa Ups Micron Stake By 250%, Trims Nvidia And Amazon
• Positive Sentiment: Analyst upgrades / higher targets: Needham and other firms have raised price targets and kept Buy ratings (Needham to $450), which supports further upside expectations among discretionary buyers. Needham raises Micron price target to $450 (coverage roundup)
• Neutral Sentiment: Massive capex plan — long-term upside but execution risk: Coverage highlights Micron’s multiyear, large-scale manufacturing spend (reported ~$200B buildout) to close AI memory shortage; this is bullish for long‑term revenue but increases near‑term execution and capital allocation scrutiny. Micron Is Spending $200 Billion to Break the AI Memory Bottleneck
• Neutral Sentiment: Technical/ momentum bulls remain: Analysis from MarketBeat and others point to support near current levels and institutional accumulation, suggesting dips may attract buyers — but these are conditional on continued execution and guidance. Micron’s Run Isn’t Over—3 Signals Point to More Upside
• Negative Sentiment: Short‑term pullback/profit‑taking: Several market updates note MU is down today as investors trim gains after a large run, creating near‑term selling pressure despite positive fundamental updates. Micron (MU) Stock Declines While Market Improves: Some Information for Investors
• Negative Sentiment: Valuation and volatility warnings: Commentaries (Forbes, Blockonomi and others) caution that MU’s rapid multi‑hundred percent run raises the risk of sharp corrections and that the stock remains vulnerable if guidance or ramp timelines disappoint. Why The Micron Stock Meltdown Is Overdue

Analysts Set New Price Targets

MU has been the topic of several recent analyst reports. Sanford C. Bernstein raised their target price on Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Cantor Fitzgerald raised their target price on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Morgan Stanley lifted their target price on shares of Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Bank of America increased their price target on shares of Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Wedbush set a $320.00 price objective on Micron Technology in a research report on Thursday, December 18th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $358.38.

Micron Technology Stock Down 2.9%

The stock’s 50 day simple moving average is $338.27 and its two-hundred day simple moving average is $234.86. The firm has a market cap of $449.96 billion, a P/E ratio of 38.00 and a beta of 1.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $1.01. The company had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology’s payout ratio is currently 4.37%.

Insider Buying and Selling

In other news, Director Teyin M. Liu bought 11,600 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were purchased at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the purchase, the director owned 14,310 shares in the company, valued at approximately $4,823,471.70. This represents a 428.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the sale, the executive vice president owned 165,618 shares in the company, valued at approximately $45,891,091.62. The trade was a 8.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Micron Technology

Institutional investors have recently added to or reduced their stakes in the business. REAP Financial Group LLC bought a new position in Micron Technology during the 3rd quarter valued at about $25,000. High Note Wealth LLC lifted its position in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares during the period. First Command Advisory Services Inc. boosted its holdings in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Micron Technology in the third quarter worth approximately $27,000. Finally, Elevation Wealth Partners LLC grew its position in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Company Profile

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.