Micron Technology (NASDAQ:MU) Trading Up 2.8% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) shot up 2.8% during trading on Monday . The stock traded as high as $1,064.49 and last traded at $1,043.96. Approximately 27,134,007 shares changed hands during trading, a decline of 36% from the average daily volume of 42,622,070 shares. The stock had previously closed at $1,015.80.

Micron Technology News Roundup

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

• Positive Sentiment: Analyst optimism is supporting the shares. Stifel maintained a Buy rating and assigned a $1,500 price target, citing tight supply, stronger pricing, and expanding profit margins ahead of earnings. Why is Micron stock gaining today?
• Positive Sentiment: Reports indicate Micron’s HBM capacity is sold out through 2027, while customers are seeking additional supply. Take-or-pay agreements and continued AI data-center spending could support elevated pricing and margins. HBM Sold Out Through 2027
• Positive Sentiment: Investors are anticipating another earnings beat, supported by accelerating AI-related memory demand, positive earnings revisions, and Micron’s recently demonstrated 512GB DDR5 server module capable of speeds up to 9,200 MT/s. Micron Unveils Breakthrough Memory Product
• Positive Sentiment: Some analysts argue that traditional valuation measures understate Micron’s earnings potential because the current memory cycle is being driven by structural AI demand rather than a typical short-term upcycle.
• Neutral Sentiment: Options markets imply a potentially large move following the September 30 report, highlighting both substantial upside potential and elevated event risk. Micron Options Signal a 10.3% Move
• Negative Sentiment: China’s ChangXin Memory Technologies said it has begun mass production using a fifth-generation DRAM platform that could improve yields, power efficiency, and manufacturing costs. If CXMT scales successfully, it could eventually pressure Micron’s pricing, market share, and margins. China’s CXMT Says It Has Reached Advanced DRAM Mass Production

Analyst Ratings Changes

Several analysts recently issued reports on the stock. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research report on Monday, July 20th. Rosenblatt Securities raised their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. ThinkEquity restated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Wells Fargo & Company raised their price objective on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and an average price target of $1,295.63.

Micron Technology Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The company has a market cap of $1.18 trillion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22. The company’s 50 day moving average price is $928.01 and its 200-day moving average price is $776.17.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The business’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 72.98 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other Micron Technology news, EVP April Arnzen sold 40,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares of the company’s stock, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Scott 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 sale, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,204 shares of company stock worth $182,156,264 in the last three months. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently modified their holdings of MU. Andar Capital Management HK Ltd boosted its holdings in Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Norges Bank purchased a new stake in shares of Micron Technology in the fourth quarter worth $6,433,456,000. Primecap Management Co. CA purchased a new stake in shares of Micron Technology in the second quarter worth $22,182,263,000. Bank of America Corp DE boosted its stake in Micron Technology by 26.6% during 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 buying an additional 2,136,470 shares during the period. Finally, Invesco Ltd. boosted its stake in Micron Technology by 1.6% during the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after buying an additional 155,073 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.