Micron Technology (NASDAQ:MU) Trading Up 3.2% - Should You Buy?

Key Points

• Micron Technology shares rose 3.2% in Thursday trading, reflecting continued investor optimism as the stock benefited from broader AI infrastructure and memory-chip demand themes.
• Recent headlines were broadly positive for Micron, including Alphabet’s higher capex outlook, Elon Musk’s public praise on Tesla’s earnings call, and rising memory-chip prices that suggest a strengthening industry upcycle.
• Wall Street remains bullish: analysts have an average Buy rating with a $1,268.93 price target, while Micron’s latest quarter beat expectations with EPS of $25.11 and revenue up 345.8% year over year.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) shares shot up 3.2% during trading on Thursday . The company traded as high as $1,011.77 and last traded at $990.21. 39,678,403 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 45,664,789 shares. The stock had previously closed at $959.48.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Alphabet’s increased capex outlook reinforced expectations for continued AI infrastructure demand, which is positive for Micron’s memory-chip business and has helped lift the stock. Micron stock gains 3%: how is the company benefiting from Alphabet and Tesla earnings
• Positive Sentiment: Elon Musk publicly thanked Micron during Tesla’s earnings call, adding a high-profile endorsement that investors are interpreting as a bullish signal for demand and industry relevance. Elon Musk's Unexpected Micron Moment — A Strange Twist in Tesla's Earnings Call
• Positive Sentiment: Memory-chip prices and related ETFs are rising, suggesting the industry’s upcycle may be strengthening and supporting Micron’s revenue and margin outlook. DRAM ETF inflows rise as Micron, SanDisk, SK Hynix, Samsung lead rally amid risks
• Positive Sentiment: Micron’s strong quarterly results, including a sharp increase in gross margin and revenue growth, continue to back the bullish thesis that the company is benefiting from an AI-driven memory cycle. Jim Cramer Still Loves Micron. Here Is the 1 Number That Shows Why He Is Right.

Wall Street Analysts Forecast Growth

MU has been the topic of several research reports. Rosenblatt Securities upped 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. Susquehanna boosted their price target on Micron Technology from $1,750.00 to $2,000.00 and gave the company a "positive" rating in a research note on Thursday, June 25th. Morgan Stanley upped their price objective on Micron Technology from $1,050.00 to $1,200.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Bank of America increased their price objective on Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Finally, Melius Research assumed coverage on shares of Micron Technology in a research report on Monday, April 27th. They issued a "buy" rating and a $700.00 target price for the company. Four investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $1,268.93.

Micron Technology Trading Up 3.2%

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 company has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 22.42 and a beta of 2.14. The firm has a fifty day moving average price of $958.06 and a 200-day moving average price of $615.70.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data 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 net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the prior year, the company posted $1.91 earnings per share. The business's revenue for the quarter 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, equities analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend

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

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 28,506 shares of the firm's stock in a transaction on Friday, June 26th. The stock was sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the sale, the chief executive officer owned 355,997 shares of the company's stock, valued at approximately $409,140,232.16. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction on 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 transaction, the director owned 17,728 shares in the company, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 163,300 shares of company stock valued at $152,667,204 over the last ninety days. Company insiders own 0.24% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Heritage Trust Co increased its position in Micron Technology by 9.7% in the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock valued at $4,289,000 after buying an additional 1,323 shares in the last quarter. Financial Synergies Wealth Advisors Inc. acquired a new position in Micron Technology during the 4th quarter valued at about $1,316,000. PKO BP BANKOWY Universal Pension Society JSC bought a new stake in Micron Technology during the 4th quarter worth approximately $61,306,000. Dara Capital US Inc. bought a new stake in Micron Technology during the 4th quarter worth approximately $2,926,000. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Micron Technology by 231.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,192 shares of the semiconductor manufacturer's stock worth $6,619,000 after purchasing an additional 16,200 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

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.

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