Micron Technology (NASDAQ:MU) Stock Price Down 17.5% – Should You Sell?

Micron Technology, Inc. (NASDAQ:MU) was down 17.5% during mid-day trading on Thursday. The stock traded as low as $650.00 and last traded at $655.7850. 75,633,907 shares were traded during mid-day trading, an increase of 87% from the average daily volume of 40,343,785 shares. The stock had previously closed at $795.23.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Some coverage views the selloff as a potential buying opportunity, pointing to continued AI-driven demand for high-bandwidth memory, strong memory pricing and Micron’s longer-term growth prospects. Article: Could Buying Micron Stock Today Help Set You Up for Life?
• Neutral Sentiment: Board director Linnie M. Haynesworth plans to retire at Micron’s annual meeting in January 2027; the announcement did not identify an immediate business or financial impact. Article: Micron Announces Board of Directors Retirement
• Negative Sentiment: The main concern is that newly heightened political resistance to AI data centers could bring stricter rules on zoning, power and water use, delaying projects and weakening expected demand for AI memory. Those fears are contributing to a broader technology and semiconductor selloff. Article: Could Micron Technology Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: Reports that Micron has paused plans for a $4.5 billion Taiwan memory plant after a labor dispute add uncertainty around its expansion plans. The facility was expected to support DRAM and high-bandwidth memory production. Article: Micron Stock Falls After Report of $4.5 Billion Taiwan Pause
• Negative Sentiment: Investors are also watching competition: China’s CXMT says it has pre-sold $1 billion of DRAM, raising concerns about future competition for market share, including in high-bandwidth memory. Article: Why Micron Stock Keeps Going Down

Wall Street Analyst Weigh In

A number of analysts have weighed in on MU shares. Itau BBA Securities raised their price objective on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Citigroup lifted their target price on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Daiwa Securities Group boosted their price target on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. TD Cowen reaffirmed a “buy” rating and set a $1,600.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Trading Down 17.5%

The firm has a market cap of $741.97 billion, a P/E ratio of 8.84, a PEG ratio of 0.15 and a beta of 2.36. The stock has a 50 day moving average of $972.16 and a 200 day moving average of $751.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the business posted $3.03 EPS. The business’s quarterly revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts predict that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 14th. Micron Technology’s dividend payout ratio is currently 0.81%.

Insiders Place Their Bets

In related news, insider Scott J. Deboer sold 28,545 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares of the company’s stock, valued at $132,687,000. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,545 shares of company stock worth $78,460,850 over the last three months. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds have recently added to or reduced their stakes in the stock. Bullseye Investment Management LLC purchased a new stake in Micron Technology in the 2nd quarter worth $27,000. Aventus Investment Advisors Inc. purchased a new position in shares of Micron Technology in the third quarter valued at about $30,000. Steph & Co. purchased a new position in shares of Micron Technology in the third quarter valued at about $31,000. Montgomery Financial Services LLC bought a new position in shares of Micron Technology in the second quarter worth about $38,000. Finally, JNBA Financial Advisors boosted its stake in shares of Micron Technology by 77.3% in the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after acquiring an additional 17 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Company Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.