Micron Technology (NASDAQ:MU) Shares Down 2.2% – Should You Sell?

Micron Technology, Inc. (NASDAQ:MU) shares fell 2.2% on Tuesday . The company traded as low as $335.22 and last traded at $338.13. 23,703,599 shares traded hands during trading, a decline of 30% from the average session volume of 34,102,066 shares. The stock had previously closed at $345.87.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: HBM demand sold out and capacity ramp. Micron says HBM (AI memory) is effectively sold out for 2026, pricing and revenue jumped in FQ1 FY2026, and near‑term expansions (Singapore packaging, Boise, Japan, Clay NY megafab longer term) should extend growth into 2027. (Supports revenue visibility and pricing power)
• Positive Sentiment: Analyst upgrades and price‑target raises lift sentiment — multiple firms (KeyCorp, BofA, Mizuho) have raised targets and ratings, pushing upside expectations and supporting the stock’s rerating. See Mizuho note. Mizuho hikes Micron PT to $390
• Neutral Sentiment: Momentum/market recognition — several bullish commentaries (Zacks pieces highlighting MU’s 2025 gains and one‑week momentum) keep retail and quant interest high, which can amplify moves in either direction. Micron Has Tripled in 2025 – Still a Discounted Strong Buy
• Neutral Sentiment: High profile mentions and lists (Jim Cramer, Motley Fool, Zacks Rank #1) boost visibility — good for flows but can increase volatility as short‑term traders rotate. “Micron (MU) Will Put Up Plants,” Says Jim Cramer
• Negative Sentiment: Competition and capacity risk — SK Hynix’s planned $13B memory plant and Samsung’s HBM4 advances raise the risk of faster supply growth and aggressive pricing, which could compress Micron’s margins if demand softens. SK Hynix Plans $13 Billion Memory-Chip Plant
• Negative Sentiment: Analyst / investor cautions about peak margins and oversupply — a Seeking Alpha note highlights three key risks (cyclical valuation, potential oversupply, margins peaking in 2026–27) that could blunt the rally if HBM pricing or AI demand disappoints. Micron: Three Significant Risks
• Negative Sentiment: Short‑term profit‑taking & position adjustments — some investors are taking profits after rapid rerating and short interest grew in December (~2.7% of float), which can add selling pressure during consolidation or headline volatility. Why I’m Taking Profits After A Rapid Rerating

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MU. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Sanford C. Bernstein increased their target price on shares of Micron Technology from $270.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Needham & Company LLC raised their target price on shares of Micron Technology from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Micron Technology from $200.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, Raymond James Financial increased their price target on Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $302.34.

Micron Technology Price Performance

The firm has a market capitalization of $380.57 billion, a P/E ratio of 32.14, a PEG ratio of 0.22 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $259.11 and its 200-day moving average is $186.59.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. During the same quarter last year, the business posted $1.79 EPS. The company’s revenue was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, sell-side analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, December 29th. Micron Technology’s payout ratio is currently 4.37%.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This trade represents a 8.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 318,800 shares of company stock valued at $72,333,387. 0.24% of the stock is owned by company insiders.

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently made changes to their positions in MU. Sunflower Bank N.A. boosted its stake in Micron Technology by 2.1% in the fourth quarter. Sunflower Bank N.A. now owns 1,668 shares of the semiconductor manufacturer’s stock worth $476,000 after buying an additional 34 shares in the last quarter. Rialto Wealth Management LLC lifted its holdings in shares of Micron Technology by 3.5% in the 4th quarter. Rialto Wealth Management LLC now owns 1,061 shares of the semiconductor manufacturer’s stock worth $303,000 after acquiring an additional 36 shares during the last quarter. Montecito Bank & Trust boosted its stake in shares of Micron Technology by 0.7% in the 4th quarter. Montecito Bank & Trust now owns 5,487 shares of the semiconductor manufacturer’s stock valued at $1,566,000 after purchasing an additional 40 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in shares of Micron Technology by 1.8% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 2,552 shares of the semiconductor manufacturer’s stock valued at $728,000 after purchasing an additional 45 shares during the last quarter. Finally, American Capital Advisory LLC grew its holdings in shares of Micron Technology by 20.4% during the 3rd quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after purchasing an additional 46 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Company Profile

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.