Micron Technology (NASDAQ:MU) Shares Down 2.5% - Should You Sell?

Micron Technology, Inc. (NASDAQ:MU - Get Free Report)'s stock price fell 2.5% during trading on Friday. The company traded as low as $750.25 and last traded at $778.31. Approximately 27,527,044 shares traded hands during trading, a decline of 31% from the average daily volume of 40,171,309 shares. The stock had previously closed at $798.44.

Latest Micron Technology News

Investors following MU have been watching these news items:

• Positive Sentiment: ETFs bought a net $137.7 million of Micron shares on Wednesday, indicating institutional fund buying, although this did not prevent the broader pullback. Article: ETFs Bought $137.7 Million of Micron (MU) on Wednesday
• Neutral Sentiment: Micron’s recent sharp swings underscore that a recovery may depend on sustained memory pricing and improved market sentiment, not just strong earnings. Article: Micron Is Down 20% in a Month. What Will It Take to Get MU Stock Back to $1,000?
• Negative Sentiment: Reports tied Micron’s decline to broad semiconductor weakness after uncertainty around Nvidia CEO Jensen Huang unsettled AI investors. Because Micron’s memory demand is linked to AI chip and data-center spending, investors also questioned whether the AI boom can continue at its current pace. Article: Why Micron Stock Was Sliding Today

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MU shares. ThinkEquity reiterated a "buy" rating on shares of Micron Technology in a report on Monday, August 3rd. Itau BBA Securities raised their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Weiss Ratings cut Micron Technology from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. Seaport Research Partners reaffirmed a "buy" rating on shares of Micron Technology in a research report on Friday, August 14th. Finally, Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,407.88.

Micron Technology Price Performance

The stock's 50 day moving average is $947.33 and its two-hundred day moving average is $762.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The stock has a market capitalization of $880.60 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $51.33 billion. During the same quarter last year, the company earned $3.03 earnings per share. The firm's revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 174.19 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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 $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Micron Technology's dividend payout ratio is 0.81%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, 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 sale, the chief executive officer directly owned 264,503 shares of the company's stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott J. Deboer sold 28,545 shares of the company's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider directly owned 147,430 shares of the company's stock, valued at approximately $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,545 shares of company stock worth $78,460,850 over the last ninety days. Corporate insiders own 0.24% of the company's stock.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently added to or reduced their stakes in MU. Coign Capital Advisors LLC acquired a new position in Micron Technology in the third quarter valued at approximately $803,000. PAX Financial Group LLC raised its holdings in Micron Technology by 162.7% during the third quarter. PAX Financial Group LLC now owns 867 shares of the semiconductor manufacturer's stock worth $923,000 after purchasing an additional 537 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Micron Technology by 6.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 1,035,900 shares of the semiconductor manufacturer's stock worth $1,103,347,000 after purchasing an additional 60,737 shares in the last quarter. 49 Wealth Management LLC raised its holdings in Micron Technology by 19.1% during the third quarter. 49 Wealth Management LLC now owns 636 shares of the semiconductor manufacturer's stock worth $677,000 after purchasing an additional 102 shares in the last quarter. Finally, Avant Capital LLC lifted its position in shares of Micron Technology by 3.9% during the 3rd quarter. Avant Capital LLC now owns 690 shares of the semiconductor manufacturer's stock worth $735,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

About Micron Technology

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron's products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.

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