Micron Technology (NASDAQ:MU) Stock Price Up 3% on Strong Earnings

Shares of Micron Technology, Inc. (NASDAQ:MU) shot up 3% on Thursday following a stronger than expected earnings report. The stock traded as high as $1,098.90 and last traded at $1,097.39. 44,653,044 shares changed hands during trading, an increase of 6% from the average daily volume of 41,947,691 shares. The stock had previously closed at $1,065.11.

The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.72 by $1.70. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period last year, the business posted $3.03 earnings per share. Micron Technology’s 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.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.

More Micron Technology News

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

• Positive Sentiment: Micron reported fiscal Q4 adjusted EPS of $33.42 and revenue of $54.23 billion, surpassing consensus estimates of $31.72 and $51.33 billion, respectively. Revenue surged 379% year over year, supported by AI-related data-center demand and stronger DRAM and NAND pricing. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Fiscal Q1 2027 guidance was well above Wall Street expectations, with revenue projected at $60 billion to $63 billion and EPS at $37.15 to $39.15. Management said more than 75% of expected 2027 output is already committed, while supply constraints may persist through 2028. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: Analysts raised price targets following the report, including targets of $1,500 from RBC, $1,600 from TD Cowen, $1,900 from Rosenblatt, $2,000 from Cantor Fitzgerald and $2,100 from DA Davidson. Strategic customer agreements and long-term commitments also improve revenue visibility. Micron analysts stay bullish after another beat and raise
• Neutral Sentiment: The broader technology sector received support from Micron’s results, but sharply higher Treasury yields and inflation concerns pressured the overall market, limiting the stock’s response to the earnings beat. Global markets rattled as bond yields surge
• Negative Sentiment: Investors may be taking profits after MU’s extraordinary run, while the stock is priced for near-perfect execution. Q1 gross-margin guidance of approximately 86.25% was slightly below the recent quarter’s 87%, raising concerns that peak pricing power could moderate. Why Micron’s 87% gross margin is a blessing and a curse
• Negative Sentiment: A potential strike at Micron’s Taiwan operations introduces execution and supply-chain risk. Investors are also monitoring heavy capital spending, cyclical memory pricing and bearish positioning from investors such as Michael Burry.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MU shares. JPMorgan Chase & Co. upped their target price on shares of Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Wells Fargo & Company lowered their price target on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a report on Wednesday, September 23rd. Robert W. Baird increased their price objective on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research report on Monday. Wedbush reaffirmed an “outperform” rating and set a $1,400.00 price objective on shares of Micron Technology in a research report on Monday. Finally, ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Forty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,378.08.

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred 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 owned 264,503 shares in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 95,879 shares of company stock valued at $90,939,466. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MU. Andar Capital Management HK Ltd boosted its stake in shares of 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 buying an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new position in Micron Technology in the 2nd quarter valued at about $22,182,263,000. Bank of America Corp DE increased its position in Micron Technology by 26.6% in the 2nd 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 acquiring an additional 2,136,470 shares during the period. Invesco Ltd. increased its position in Micron Technology by 1.6% in the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after acquiring an additional 155,073 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Micron Technology during the 2nd quarter valued at approximately $8,402,393,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Trading Up 3.0%

The company has a 50 day simple moving average of $952.75 and a 200 day simple moving average of $814.16. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.24 trillion, a PE ratio of 24.84, a P/E/G ratio of 0.67 and a beta of 2.22.

Micron Technology Company Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.