Micron Technology (NASDAQ:MU) Shares Gap Up – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) gapped up before the market opened on Monday . The stock had previously closed at $848.95, but opened at $885.57. Micron Technology shares last traded at $885.0190, with a volume of 6,670,581 shares traded.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron shares are rebounding in premarket trading as investors rotate back into chip stocks after last week’s semiconductor selloff, suggesting some dip-buying is supporting the stock. What’s Going on With Micron Technology Stock Monday?
• Positive Sentiment: Morgan Stanley said the recent decline in U.S. memory stocks looks like a buying opportunity, arguing that data center memory shortages remain intense and support the demand outlook for Micron. Selloff of U.S. memory stocks creates a compelling entry point: analyst
• Positive Sentiment: Micron said memory chip supply is likely to stay tight beyond 2027, reinforcing the bullish case that pricing and demand can remain favorable for longer than many investors expected. Micron Says Memory Chip Supply Will Remain Tight Beyond 2027
• Positive Sentiment: Micron’s strong earnings and raised guidance continue to underpin optimism, with bullish commentary focused on AI-related memory demand and the company’s pricing power. Should You Buy Micron Technology Stock While It’s Below $1,000?
• Neutral Sentiment: Micron remains highly volatile because the recent selloff reflects broader concerns that the AI and semiconductor trade may have gotten overheated, so traders are still reassessing how much upside is already priced in. Micron (MU) Stock Tumbles Amid Sector Selloff — Why Analysts Remain Bullish
• Neutral Sentiment: Some coverage frames Micron’s move mainly as part of a wider memory-chip and AI-stock rotation, meaning the stock may be trading more on sector sentiment than company-specific news right now. Stock Market Today: Dow Rises On Peace Hopes; Nvidia, Micron, Sandisk Rebound
• Negative Sentiment: Micron has recently fallen sharply, with some reports noting a roughly 30% drop over the past month as investors worry the memory shortage may not last as long as hoped. Micron Stock Set to Snap Losing Streak After SK Hynix Memory Price Warning

Wall Street Analyst Weigh In

Several analysts have commented on MU shares. Wedbush lifted their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Mizuho increased their price objective on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a report on Monday, June 22nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology currently has an average rating of “Buy” and an average price target of $1,268.93.

Micron Technology Price Performance

The company’s fifty day moving average is $949.46 and its 200 day moving average is $602.10. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The stock has a market cap of $982.35 billion, a PE ratio of 19.73 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last released 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. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Buying and Selling at Micron Technology

In related news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 28,506 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the completion of the transaction, the chief executive officer directly owned 355,997 shares in the company, valued at $409,140,232.16. This trade represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 163,300 shares of company stock valued at $152,667,204 in the last quarter. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Large investors have recently modified their holdings of the stock. Intergy Private Wealth LLC purchased a new stake in shares of Micron Technology during the 2nd quarter valued at about $332,000. Diversified Trust Co. boosted its holdings in Micron Technology by 15.7% in the 2nd quarter. Diversified Trust Co. now owns 24,456 shares of the semiconductor manufacturer’s stock worth $28,229,000 after acquiring an additional 3,318 shares during the period. 4WEALTH Advisors Inc. acquired a new stake in Micron Technology in the second quarter valued at approximately $369,000. GRIMES & Co WEALTH MANAGEMENT LLC grew its position in Micron Technology by 1.2% in the second quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 27,603 shares of the semiconductor manufacturer’s stock valued at $31,862,000 after acquiring an additional 334 shares in the last quarter. Finally, Pachira Investments Inc. purchased a new stake in shares of Micron Technology during the second quarter valued at approximately $331,000. Institutional investors and hedge funds 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.