Micron Technology (NASDAQ:MU) Stock Price Up 1.1% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) shot up 1.1% on Wednesday . The stock traded as high as $959.00 and last traded at $948.80. 42,377,412 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 45,974,387 shares. The stock had previously closed at $938.38.

Micron Technology News Roundup

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

• Positive Sentiment: TD Cowen reiterated a Buy rating on Micron with a $1,600 price target, reinforcing the view that tight memory supply and AI demand still support more upside. Micron’s (MU) Tight Supply Drives This Five-Star Analyst’s $1,600 Outlook
• Positive Sentiment: Micron announced plans to invest up to $3 billion in the U.S. semiconductor supply chain, including $500 million for GlobalWafers, which should strengthen domestic supply security and support long-term manufacturing growth. Micron boosts plans for investment in US to over $250B
• Positive Sentiment: Analysts continue to highlight Micron’s record results, elevated margins, and AI-driven demand, with multiple recent price targets ranging from $1,500 to $2,000. Micron (MU) Buy Rating Reiterated by Bernstein
• Positive Sentiment: Micron’s latest quarter showed explosive growth, with revenue up sharply and gross margins expanding, supporting the idea that the memory cycle remains very strong. Micron’s Data Center Gross Margin Hit 87% Last Quarter. Here’s What It Means for the Stock.
• Neutral Sentiment: Micron is also drawing heavy investor attention and broader AI-trade comparisons, but some commentary suggests the market is debating whether the recent surge has already priced in a lot of the good news. The AI Sell-Off That Isn’t About AI
• Negative Sentiment: The main pressure today appears to be capital rotation and SK Hynix’s U.S. ADR debut, which is pulling some money away from Micron and prompting investors to reassess valuation after the stock’s huge move. Why Is Micron Stock Slipping Today, 7/10/26?

Analyst Upgrades and Downgrades

MU has been the subject of several recent research reports. DA Davidson raised their price objective on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Melius Research started coverage on shares of Micron Technology in a research note on Monday, April 27th. They set a “buy” rating and a $700.00 target price on the stock. Susquehanna increased their target price on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a report on Thursday, June 25th. Mizuho increased their target price on shares of Micron Technology from $1,150.00 to $1,375.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company raised their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Five research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $1,263.76.

Micron Technology Stock Performance

The stock’s 50-day simple moving average is $914.06 and its 200 day simple moving average is $575.35. 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 $1.11 trillion, a PE ratio of 22.23 and a beta of 2.14.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the business posted $1.91 EPS. 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, research analysts expect that Micron Technology, Inc. will post 72.94 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. The trade was a 10.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 163,300 shares of company stock worth $152,667,204 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

Several hedge funds have recently made changes to their positions in the company. High Note Wealth LLC boosted its position in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares during the period. Elevation Wealth Partners LLC increased its position in Micron Technology by 295.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 71 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology in the first quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. lifted its stake in Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the last quarter. Finally, Bayban acquired a new stake in shares of Micron Technology in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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.