Mizuho Cuts Micron Technology (NASDAQ:MU) Price Target to $1,300.00

Micron Technology (NASDAQ:MU) had its target price trimmed by Mizuho from $1,375.00 to $1,300.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the semiconductor manufacturer’s stock.

Several other equities analysts have also issued reports on MU. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. Rosenblatt Securities lifted their target price on 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. Needham & Company LLC boosted their price target on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $1,295.63.

Micron Technology Stock Down 0.3%

Micron Technology stock opened at $935.74 on Tuesday. Micron Technology has a fifty-two week low of $114.25 and a fifty-two week high of $1,255.00. 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 firm has a 50 day moving average price of $955.65 and a 200 day moving average price of $713.18. The company has a market capitalization of $1.06 trillion, a PE ratio of 21.18 and a beta of 2.18.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 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 company had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The firm’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. Research analysts expect that Micron Technology will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s payout ratio is presently 1.36%.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. This represents a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,179 shares of company stock worth $182,127,955 over the last quarter. 0.24% of the stock is currently owned by insiders.

Institutional Trading of Micron Technology

Large investors have recently made changes to their positions in the company. Formuepleje A S purchased a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $58,876,000. Tucker Asset Management LLC raised its holdings in shares of Micron Technology by 28.7% in the 2nd quarter. Tucker Asset Management LLC now owns 1,430 shares of the semiconductor manufacturer’s stock valued at $1,651,000 after purchasing an additional 319 shares in the last quarter. HORAN Wealth LLC acquired a new stake in shares of Micron Technology in the 2nd quarter valued at $568,000. Wellington Grp LLC lifted its position in shares of Micron Technology by 11.4% during the 2nd quarter. Wellington Grp LLC now owns 5,734 shares of the semiconductor manufacturer’s stock worth $6,619,000 after purchasing an additional 587 shares during the last quarter. Finally, Advus Financial Partners LLC lifted its position in shares of Micron Technology by 6.9% during the 2nd quarter. Advus Financial Partners LLC now owns 2,513 shares of the semiconductor manufacturer’s stock worth $2,900,000 after purchasing an additional 163 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Nvidia said memory availability has become a key constraint on AI expansion and indicated it is willing to pay higher prices. The comments support demand, pricing power and margins for Micron’s DRAM and high-bandwidth memory products. Nvidia’s reported memory-related purchase commitments reportedly more than doubled to $279 billion. Nvidia Says Memory Is a Key Constraint
• Positive Sentiment: President Donald Trump praised Micron’s planned $10 billion investment in U.S. research laboratories, saying it should strengthen America’s position in AI and advanced computing. The announcement reinforces potential strategic and government support for Micron’s domestic expansion. Trump Hails Micron’s U.S. Research Investment
• Positive Sentiment: Recent results remain a major fundamental support: Micron reported $41.46 billion in quarterly revenue and $25.11 in EPS, far exceeding estimates, with revenue up 345.8% year over year. Commentary also highlighted an 84.9% non-GAAP gross margin, surpassing Nvidia’s reported adjusted margin. Micron’s Gross Margin Beat Nvidia’s
• Neutral Sentiment: Micron appointed Manish Bhatia as president and chief operating officer and Scott DeBoer as president and chief technology and products officer. The changes are intended to improve execution during the AI memory expansion but are unlikely to materially alter near-term results. Micron will report fiscal fourth-quarter results on September 30. Micron Announces Leadership Appointments
• Negative Sentiment: Investors appear to be locking in gains after Micron’s powerful rally, while Nvidia’s disclosures raised concerns that memory scarcity could restrict AI hardware deliveries rather than simply boost Micron sales. Potential U.S. chip tariffs and a broader debate over interest rates add to uncertainty. Why Is Micron Stock Falling?
• Negative Sentiment: Competitive risks persist from Chinese memory producer YMTC, while Micron CEO Sanjay Mehrotra’s sale of 40,000 shares for approximately $38.8 million may weigh on sentiment, although insider sales do not necessarily indicate a change in business outlook. Micron CEO Share Sale

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.