Micron Technology (NASDAQ:MU) Shares Up 12.2% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) shares shot up 12.2% during mid-day trading on Tuesday . The stock traded as high as $982.88 and last traded at $970.82. Approximately 48,141,424 shares were traded during trading, an increase of 5% from the average session volume of 45,770,258 shares. The stock had previously closed at $865.46.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Bank of America reportedly reaffirmed its bullish view on Micron after the Kimi K3 launch, while other analysts argued the AI memory cycle still has room to run as supply remains constrained. Bank of America Reaffirms Bullish Micron Stock Call After Kimi K3 Launch
• Positive Sentiment: Several articles said Micron is benefiting from a broader AI-driven memory rally, with investors betting that hyperscaler capex and persistent shortages will keep memory prices elevated. Why Micron, Sandisk, and SK Hynix Are Surging—And How to Play It
• Positive Sentiment: Reports highlighted that Alphabet’s heavy AI spending is a positive signal for Micron and other semiconductor vendors, supporting the idea that AI infrastructure demand is still accelerating. MU, SNDK, SKHY Stocks Jump: Google’s AI Hunger, Elon Musk’s Micron Shoutout Send Memory Bulls Charging
• Positive Sentiment: Coverage also noted that Morgan Stanley’s view on rising memory prices helped spark a sharp move in Micron and peers, reinforcing the cyclical upside in the group. Micron, Western Digital, and Sandisk Just Jumped 12% to 14%. Here’s the Forecast That Did It.
• Neutral Sentiment: Some investors are taking profits after Micron’s recent surge, and commentary from Barron’s suggested the stock could face short-term volatility around Big Tech earnings and market expectations. Micron Stock Faces 3 Big Hurdles Today in Fight to Keep Trillion-Dollar Status
• Negative Sentiment: One Barron’s article said Micron is lagging SK Hynix after Alphabet earnings, suggesting investors may be favoring other memory names in the near term. Why Micron Stock Is Lagging SK Hynix After Google Earnings
• Negative Sentiment: A Seeking Alpha piece argued Micron could still be expensive relative to fundamentals, warning that much of the AI boom may already be priced in. Micron: A Generational Short Opportunity With 76% Downside

Analyst Ratings Changes

MU has been the subject of several research reports. DA Davidson lifted their price target on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a report on Thursday, June 25th. The Goldman Sachs Group increased their price target on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Raymond James Financial upped their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. TD Cowen restated a “buy” rating on shares of Micron Technology in a research report on Friday, July 10th. Finally, Susquehanna upped their target price on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $1,268.93.

Micron Technology Price Performance

The stock has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 21.72 and a beta of 2.14. The business has a 50-day simple moving average of $958.06 and a two-hundred day simple moving average of $615.70. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $35.91 billion. During the same period in the previous year, the company earned $1.91 earnings per share. Micron Technology’s revenue 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. As a group, research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is 1.36%.

Insider Activity

In related news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The transaction 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 on Friday, June 26th. The shares were sold at an average price of $1,149.28, for a total transaction of $32,761,375.68. Following the transaction, the chief executive officer owned 355,997 shares in the company, valued at $409,140,232.16. This represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 163,300 shares of company stock valued at $152,667,204 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Hedge funds have recently modified their holdings of the business. Brighton Jones LLC raised its holdings in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after acquiring an additional 976 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after purchasing an additional 628 shares during the period. United Bank bought a new stake in Micron Technology in the second quarter valued at $236,000. Schnieders Capital Management LLC. raised its stake in Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after acquiring an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Micron Technology by 5.6% during the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after acquiring an additional 21,619 shares in the last quarter. 80.84% of the stock is owned by 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.