Micron Technology (NASDAQ:MU) Shares Up 7.6% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) shot up 7.6% during mid-day trading on Tuesday . The company traded as high as $902.43 and last traded at $892.67. 36,328,959 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 46,011,953 shares. The stock had previously closed at $829.50.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Bank of America reiterated its Buy rating and $1,550 price target, calling Micron’s recent weakness an “enhanced buying opportunity.” The bank said cloud and AI-infrastructure demand remains solid, while Micron’s memory pricing power is intact. Micron pullback seen as buying opportunity amid solid end-demand, says BofA
• Positive Sentiment: A broad semiconductor rebound lifted Micron and other memory stocks as investors rotated back into volatile AI-linked shares. Strong results and upbeat guidance from Palantir, along with a risk-on move in the broader market and lower oil prices, improved sentiment toward technology stocks. Semiconductor ETFs Surge as the AI Trade Ramps Back Up
• Positive Sentiment: Micron’s underlying results remain exceptionally strong. Its latest quarterly earnings exceeded analyst expectations, with revenue up sharply year over year, and management provided strong fiscal fourth-quarter EPS guidance. Investors continue to view AI-driven demand for high-bandwidth memory and other advanced products as a potential driver of sustained growth.
• Neutral Sentiment: Recent industry data indicates Micron is gaining memory-market share, supporting its competitive position. However, Chinese rival ChangXin Memory Technologies (CXMT) is reportedly considering a second Beijing plant, creating a longer-term competitive concern for standard DRAM products. Micron Gains Memory-Chip Share—But So Does Hot Chinese Rival
• Negative Sentiment: Valuation and volatility remain important risks. The stock has experienced a substantial retreat from its late-June high, and investor Michael Burry reportedly increased a short position in Micron. In addition, CXMT’s potential capacity expansion could eventually pressure memory prices and margins, although the impact is expected to be years away. Michael Burry’s latest bet puts Micron’s AI boom on trial

Wall Street Analyst Weigh In

MU has been the subject of a number of research reports. Bank of America boosted their price objective on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research note on Monday. Wells Fargo & Company increased their price objective on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Barclays lifted their target price on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $1,268.93.

Micron Technology Price 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 stock’s fifty day moving average price is $978.49 and its 200-day moving average price is $645.50. The firm has a market cap of $1.01 trillion, a PE ratio of 20.21 and a beta of 2.19.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share 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 for the quarter, compared to analyst estimates of $35.91 billion. During the same period in the prior year, the business posted $1.91 earnings per share. The firm’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. As a group, equities analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 31,285 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $926.83, for a total value of $28,995,876.55. Following the sale, the chief executive officer directly owned 313,218 shares of the company’s stock, valued at approximately $290,299,838.94. This represents a 9.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 164,179 shares of company stock valued at $169,385,921 in the last three months. 0.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. High Note Wealth LLC increased its position in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology during the 1st quarter worth about $27,000. Steigerwald Gordon & Koch Inc. raised its stake in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares during the last quarter. Bayban purchased a new position in Micron Technology in the 4th quarter valued at about $29,000. Finally, GHP Investment Advisors Inc. lifted its holdings in Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 52 shares in the last quarter. 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 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.