Micron Technology (NASDAQ:MU) Stock Price Down 3.1% – Here’s What Happened

Micron Technology, Inc. (NASDAQ:MU) was down 3.1% on Thursday . The stock traded as low as $401.96 and last traded at $415.56. Approximately 35,135,514 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 36,647,012 shares. The stock had previously closed at $429.00.

Trending Headlines about Micron Technology

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

• Positive Sentiment: S&P upgraded Micron’s credit rating to BBB, citing stronger AI-driven memory demand — a vote of confidence for Micron’s cash flow and investment capacity that supports the company’s large capacity buildouts and long-term growth plans. Micron rating raised to BBB by S&P on AI demand growth
• Positive Sentiment: Micron is accelerating a multi‑year U.S. buildout (~US$200B program cited in coverage) to expand HBM and DRAM capacity to capture AI/datacenter spending — this capital investment aligns supply to strong demand and supports revenue/margin upside. Micron Ramps US$200b US Buildout As AI Demand Tests Valuation
• Positive Sentiment: Analyst and media coverage remains bullish: pieces highlight MU’s outperformance versus peers, HBM tightness, pricing leverage and strong margin outlook — reinforcing the growth narrative that’s driven the stock’s big run. How Is Micron Technology’s Stock Performance Compared to Other Semiconductor Stocks
• Neutral Sentiment: Micron set its fiscal Q2 earnings date for March 18 — a near-term catalyst that could amplify moves in either direction depending on guidance and demand commentary. Up Over 300%, Should You Buy Micron Stock Right Now?
• Negative Sentiment: Despite strong fundamentals, several articles flag valuation and profit-taking risk (stock near record highs and up heavily YTD). That dynamic — plus traders locking gains ahead of the March earnings call — helps explain today’s pullback. Micron Stock Trades Near Record High — Cash Out or Hold On?

Analyst Ratings Changes

MU has been the topic of several research analyst reports. KeyCorp upped their price objective on shares of Micron Technology from $325.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Citigroup lifted their price target on shares of Micron Technology from $330.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Micron Technology in a research report on Thursday, January 29th. Bank of America upped their target price on shares of Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company increased their price objective on shares of Micron Technology from $335.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average target price of $358.38.

Micron Technology Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The firm has a market cap of $467.72 billion, a P/E ratio of 39.50 and a beta of 1.52. The stock’s 50-day simple moving average is $362.73 and its two-hundred day simple moving average is $249.11.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) 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 company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the previous year, the business earned $1.79 EPS. Micron Technology’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. Equities research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.

Insider Activity

In other news, Director Steven J. Gomo sold 5,000 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $263.63, for a total value of $1,318,150.00. Following the sale, the director directly owned 19,139 shares of the company’s stock, valued at $5,045,614.57. This represents a 20.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Teyin M. Liu bought 11,600 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was purchased at an average price of $337.07 per share, with a total value of $3,910,012.00. Following the completion of the purchase, the director owned 14,310 shares in the company, valued at approximately $4,823,471.70. This trade represents a 428.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orleans Capital Management Corp LA acquired a new position in shares of Micron Technology during the 2nd quarter worth about $256,000. iA Global Asset Management Inc. grew its position in Micron Technology by 18.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock valued at $24,578,000 after buying an additional 23,117 shares during the last quarter. Cary Street Partners Financial LLC increased its position in Micron Technology by 25.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after purchasing an additional 5,233 shares during the period. Wealthspire Advisors LLC increased its holdings in shares of Micron Technology by 27.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after purchasing an additional 3,208 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in Micron Technology by 9.8% during the third quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock worth $15,962,000 after purchasing an additional 8,489 shares in the last quarter. 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.