Micron Technology (NASDAQ:MU) Stock Price Up 1.1% – Here’s Why

Micron Technology, Inc. (NASDAQ:MU) shares shot up 1.1% on Monday . The stock traded as high as $1,148.79 and last traded at $1,145.28. 59,762,332 shares were traded during trading, an increase of 30% from the average daily volume of 45,829,184 shares. The stock had previously closed at $1,132.33.

Micron Technology News Roundup

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

• Positive Sentiment: Micron announced a long-term strategic supply agreement with General Motors to provide memory and storage for future vehicles, expanding its automotive business and adding another source of durable demand. Micron and General Motors Sign Strategic Agreement to Secure Supply and Accelerate Innovation
• Positive Sentiment: Multiple reports highlighted continued tightness in AI memory supply, with memory-chip prices still rising and analysts saying shortages could persist through 2027-2028, which supports Micron’s pricing power and earnings outlook. Micron Stock Drops But Memory-Chip Prices Keep Rising
• Positive Sentiment: Wall Street sentiment remains bullish after Micron’s blockbuster earnings, with several analysts lifting price targets and one note saying the bull case strengthened further after the report. Micron Stock’s Bull Case Grows after Earnings as Top Analyst Sees 90%+ Upside
• Neutral Sentiment: Micron also said it will commit $250 million to Trump Accounts, a high-profile corporate initiative that may be seen as reputationally positive or politically divisive, but it is not directly tied to near-term operating performance. Micron Announces $250 Million Investment in Trump Accounts Reaching 1 Million Children, Families and the Future Workforce
• Negative Sentiment: A new class-action lawsuit accusing Micron, Samsung, and SK Hynix of DRAM price fixing introduces legal uncertainty and could pressure sentiment around the memory cycle. Samsung, SK Hynix, Micron sued over DRAM prices: what’s at stake
• Negative Sentiment: Several pieces note that the chip sector is being hit by profit-taking after a record run, and Micron is being sold alongside other memory names as investors trim exposure to the crowded AI trade. Sandisk’s and Micron’s stocks sink as the rotation trade builds, but supply shortages should limit losses

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MU shares. Bank of America lifted their price target on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Wolfe Research set a $1,500.00 price target on Micron Technology in a report on Thursday, June 25th. TD Cowen raised their price objective on Micron Technology from $1,500.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Royal Bank Of Canada lifted their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $1,263.76.

Micron Technology Trading Down 10.1%

The company has a market cap of $1.17 trillion, a PE ratio of 23.70 and a beta of 2.16. The business has a 50 day simple moving average of $844.97 and a two-hundred day simple moving average of $539.17. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for 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 quarter last year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts forecast that Micron Technology, Inc. will post 71.74 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th will be issued a $0.15 dividend. The ex-dividend date is Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is 1.36%.

Insider Buying and Selling at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the transaction, the director owned 17,139 shares of the company’s stock, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 146,000 shares of company stock worth $117,926,445 in the last 90 days. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Micron Technology

A number of large investors have recently bought and sold shares of MU. VectorGlobal IAG Inc. acquired a new stake in shares of Micron Technology during the 1st quarter worth $8,990,000. Basecamp Wealth Advisors LLC grew its position in Micron Technology by 4.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 3,529 shares of the semiconductor manufacturer’s stock valued at $1,192,000 after acquiring an additional 152 shares during the period. Sapient Capital LLC grew its position in Micron Technology by 420.5% during the first quarter. Sapient Capital LLC now owns 52,995 shares of the semiconductor manufacturer’s stock valued at $17,908,000 after acquiring an additional 42,813 shares during the period. Vilga Financial Planning LLC increased its stake in Micron Technology by 3.5% during the first quarter. Vilga Financial Planning LLC now owns 792 shares of the semiconductor manufacturer’s stock worth $268,000 after acquiring an additional 27 shares during the last quarter. Finally, Western Wealth Management LLC lifted its stake in shares of Micron Technology by 66.0% in the 1st quarter. Western Wealth Management LLC now owns 5,206 shares of the semiconductor manufacturer’s stock valued at $1,759,000 after purchasing an additional 2,070 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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.