Micron Technology (NASDAQ:MU) Shares Down 10.6% on Insider Selling

Micron Technology, Inc. (NASDAQ:MU) traded down 10.6% on Wednesday after an insider sold shares in the company. The stock traded as low as $1,032.20 and last traded at $1,032.28. Approximately 50,034,167 shares traded hands during trading, an increase of 9% from the average daily volume of 45,882,160 shares. The stock had previously closed at $1,154.29.

Specifically, CEO Sanjay Mehrotra sold 28,506 shares of Micron Technology 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 transaction, the chief executive officer directly owned 355,997 shares in the company, valued at approximately $409,140,232.16. This trade represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 11,494 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $1,180.96, for a total value of $13,573,954.24. Following the completion of the transaction, the chief executive officer directly owned 344,503 shares of the company’s stock, valued at approximately $406,844,262.88. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Analyst Ratings Changes

MU has been the topic of a number of recent research reports. KeyCorp raised their price objective on Micron Technology from $600.00 to $1,600.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. DA Davidson increased their price target on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Bank of America raised their price target on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of 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. Finally, Rosenblatt Securities boosted their price objective on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $1,263.76.

Micron Technology News Summary

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

• Positive Sentiment: Micron announced a long-term strategic supply agreement with General Motors to provide memory and storage for future vehicles, expanding its automotive business and adding another source of durable demand. Micron and General Motors Sign Strategic Agreement to Secure Supply and Accelerate Innovation
• Positive Sentiment: Multiple reports highlighted continued tightness in AI memory supply, with memory-chip prices still rising and analysts saying shortages could persist through 2027-2028, which supports Micron’s pricing power and earnings outlook. Micron Stock Drops But Memory-Chip Prices Keep Rising
• Positive Sentiment: Wall Street sentiment remains bullish after Micron’s blockbuster earnings, with several analysts lifting price targets and one note saying the bull case strengthened further after the report. Micron Stock’s Bull Case Grows after Earnings as Top Analyst Sees 90%+ Upside
• Neutral Sentiment: Micron also said it will commit $250 million to Trump Accounts, a high-profile corporate initiative that may be seen as reputationally positive or politically divisive, but it is not directly tied to near-term operating performance. Micron Announces $250 Million Investment in Trump Accounts Reaching 1 Million Children, Families and the Future Workforce
• Negative Sentiment: A new class-action lawsuit accusing Micron, Samsung, and SK Hynix of DRAM price fixing introduces legal uncertainty and could pressure sentiment around the memory cycle. Samsung, SK Hynix, Micron sued over DRAM prices: what’s at stake
• Negative Sentiment: Several pieces note that the chip sector is being hit by profit-taking after a record run, and Micron is being sold alongside other memory names as investors trim exposure to the crowded AI trade. Sandisk’s and Micron’s stocks sink as the rotation trade builds, but supply shortages should limit losses

Micron Technology Stock Performance

The firm has a market cap of $1.17 trillion, a price-to-earnings ratio of 23.37 and a beta of 2.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm has a fifty day simple moving average of $844.97 and a two-hundred day simple moving average of $539.17.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $35.91 billion. During the same period in the previous year, the firm posted $1.91 earnings per share. The business’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts expect that Micron Technology, Inc. will post 71.74 EPS for the current year.

Micron Technology Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in Micron Technology during the 4th quarter worth approximately $6,433,456,000. AQR Capital Management LLC boosted its holdings in shares of Micron Technology by 411.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after acquiring an additional 2,918,535 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Micron Technology by 1,340.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock worth $805,148,000 after acquiring an additional 2,625,169 shares during the period. Amundi increased its stake in shares of Micron Technology by 65.0% in the fourth quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after acquiring an additional 1,965,319 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

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.