Micron Technology, Inc. (NASDAQ:MU - Get Free Report) was up 4.1% on Monday after New Street Research upgraded the stock from a neutral rating to a buy rating. New Street Research now has a $1,250.00 price target on the stock. Micron Technology traded as high as $1,036.13 and last traded at $1,011.75. Approximately 32,501,665 shares traded hands during trading, a decline of 28% from the average session volume of 45,265,383 shares. The stock had previously closed at $971.66.
MU has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Micron Technology in a research report on Friday, August 7th. Needham & Company LLC lifted their price objective 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. Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology in a report on Monday, June 22nd. Finally, DA Davidson increased their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $1,259.97.
Check Out Our Latest Stock Analysis on Micron Technology
Insider Activity
In other news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 162,179 shares of company stock valued at $167,811,861 over the last quarter. 0.24% of the stock is owned by corporate insiders.
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: U.S. policy may reduce Chinese competition: Reports that the White House and Commerce Department are discouraging Apple and other U.S. technology companies from sourcing conventional memory chips from Chinese suppliers improved sentiment toward Micron and other Western memory producers. The policy could strengthen Micron’s negotiating position and support pricing. Micron shares rise as White House pushes Apple away from Chinese memory chips
- Positive Sentiment: AI demand remains the central catalyst: Investors are increasingly treating high-bandwidth memory (HBM) as a structural growth market rather than a short-lived memory cycle. AI data centers are consuming substantial wafer capacity, keeping HBM and conventional memory supplies tight. Elon Musk’s comments about memory becoming a bottleneck for agentic AI added to the bullish narrative. Elon Musk Just Uttered 3 Massively Bullish Words for Micron, Sandisk, and SK Hynix
- Positive Sentiment: Analyst conviction is rising: Bank of America reiterated a Buy rating, placed MU on its highest-conviction U.S. 1 List, and maintained a $1,550 price target. BofA also sees earnings potentially exceeding $230 per share by fiscal 2030, arguing that fears of a near-term peak are overstated. BofA sees Micron EPS topping $230 by FY30
- Neutral Sentiment: Institutional selling highlights valuation risk: Filings showed Stanley Druckenmiller’s Duquesne Family Office exited or reduced its Micron position, while other funds also took profits after the stock’s substantial rally. These moves do not change Micron’s fundamentals but may increase volatility.
- Negative Sentiment: Competition and cyclicality remain concerns: Apple is reportedly evaluating Chinese memory suppliers, potentially creating competitive pressure if procurement restrictions ease. Intel is also exploring new memory architectures, while investors remain alert to the risk that additional industry capacity could eventually compress prices and margins.
Institutional Investors Weigh In On Micron Technology
Hedge funds and other institutional investors have recently made changes to their positions in the stock. High Note Wealth LLC increased its holdings in shares of 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 acquired a new position in Micron Technology in the 1st quarter worth about $27,000. Bayban acquired a new position in Micron Technology in the 4th quarter worth about $29,000. GHP Investment Advisors Inc. raised its position in Micron Technology by 91.2% in the fourth 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 during the last quarter. Finally, Joseph Group Capital Management acquired a new stake in shares of Micron Technology during the fourth quarter valued at about $31,000. 80.84% of the stock is owned by institutional investors.
Micron Technology Stock Up 4.1%
The stock has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 22.91 and a beta of 2.19. 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 50 day moving average price of $965.49 and a 200 day moving average price of $679.10.
Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter last year, the business earned $1.91 EPS. The firm's quarterly revenue 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, analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current year.
Micron Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology's dividend payout ratio is presently 1.36%.
About Micron Technology
(
Get Free Report)
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.
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