Micron Technology (NASDAQ:MU) Stock Price Down 2.1% - Here's Why

Key Points

• Micron shares fell 2.1% to $1,074.89 in lighter-than-average trading, despite the company reporting strong quarterly results.
• Fiscal Q4 revenue surged 379% year over year to $54.23 billion, while adjusted EPS of $33.42 exceeded estimates, driven by strong AI-related demand for HBM, DRAM and NAND memory.
• Management issued above-consensus fiscal Q1 2027 guidance of $60–$63 billion in revenue and $37.15–$39.15 in EPS; analysts remain bullish, with a consensus “Moderate Buy” rating and a $1,385.93 average price target.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) fell 2.1% on Friday. The company traded as low as $1,072.01 and last traded at $1,074.89. Approximately 26,487,816 shares changed hands during trading, a decline of 37% from the average daily volume of 41,882,484 shares. The stock had previously closed at $1,097.39.

Micron Technology News Summary

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

• Positive Sentiment: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, beating consensus estimates. AI-related demand for high-bandwidth memory (HBM), DRAM and NAND drove record profitability, including an approximately 87% adjusted gross margin. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Management’s fiscal Q1 2027 outlook exceeded Wall Street expectations, with revenue guidance of $60 billion to $63 billion and EPS guidance of $37.15 to $39.15. The company also said more than 75% of its 2027 output is committed, while customer discussions are extending into 2028. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: Analysts raised price targets, including DA Davidson’s increase to $2,100, citing tighter-than-expected memory supply and sustained AI infrastructure demand. Micron’s strategic customer agreements and planned increase in share buybacks could provide additional support. Micron’s Highest Price Target on Wall Street Is Now $2,100

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MU. KeyCorp restated an "overweight" rating on shares of Micron Technology in a research report on Thursday. CLSA reiterated an "outperform" rating and issued a $1,700.00 price target on shares of Micron Technology in a research note on Friday. Arete Research upped their price objective on Micron Technology from $852.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Wedbush reissued an "outperform" rating and set a $1,400.00 target price on shares of Micron Technology in a research note on Monday. Finally, Needham & Company LLC restated a "buy" rating and issued a $1,650.00 price target on shares of Micron Technology in a research note on Thursday. Forty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and an average target price of $1,385.93.

Micron Technology Stock Performance

The stock has a market capitalization of $1.21 trillion, a PE ratio of 14.48, a P/E/G ratio of 0.66 and a beta of 2.22. The firm has a fifty day moving average price of $954.89 and a two-hundred day moving average price of $818.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 110.90% and a net margin of 63.80%.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 company posted $3.03 EPS. The business's revenue for the quarter 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. Research analysts expect that Micron Technology, Inc. will post 160.39 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology's dividend payout ratio (DPR) is 1.36%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares of the company's stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction on 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 approximately $256,276,956.70. The trade was a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently bought and sold shares of the company. Andar Capital Management HK Ltd raised its position in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after buying an additional 34,278,413 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Micron Technology in the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc purchased a new position in Micron Technology during the second quarter worth approximately $8,402,393,000. Situational Awareness LP grew its holdings in Micron Technology by 1,149.0% in the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer's stock valued at $5,573,819,000 after buying an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Micron Technology in the 2nd quarter worth $3,761,237,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.

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