Micron Technology (NASDAQ:MU) Shares Down 4.7% – Here’s What Happened

Shares of Micron Technology, Inc. (NASDAQ:MU) were down 4.7% during trading on Wednesday . The stock traded as low as $883.25 and last traded at $891.88. Approximately 54,153,904 shares traded hands during trading, an increase of 22% from the average daily volume of 44,380,066 shares. The stock had previously closed at $935.89.

More Micron Technology News

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

• Positive Sentiment: Several analysts raised price targets on Micron, including Goldman Sachs and Wells Fargo, reinforcing the view that AI memory demand and tight supply could support further upside. Benzinga analyst update
• Positive Sentiment: New commentary highlights Micron’s AI-driven growth, with demand for HBM, server DRAM, and SSDs seen as turning memory into a strategic infrastructure asset rather than a purely cyclical commodity. Seeking Alpha article
• Positive Sentiment: Micron selected Bechtel as construction partner for its New York semiconductor project, signaling steady progress on a major U.S. manufacturing expansion that could strengthen long-term capacity and strategic positioning. GlobeNewswire press release
• Positive Sentiment: Micron’s strong revenue growth and recent earnings beat continue to support the bull case, with investors focused on whether upcoming results can confirm the AI memory supercycle narrative. Quiver Quantitative article
• Neutral Sentiment: Micron appointed AI and cloud veteran Alexis Black Björlin to its board, a governance and strategy-positive move, but not an immediate earnings driver. GlobeNewswire board appointment
• Neutral Sentiment: Micron remains a favorite growth and AI-infrastructure name, but some coverage notes the stock has already had a huge run and may need a strong earnings catalyst to resume its advance. Zacks article
• Negative Sentiment: Shares are being hit by sector-wide selling and profit-taking after a massive rally, with some analysts warning the stock could be vulnerable if expectations are too high heading into earnings. Benzinga movers article
• Negative Sentiment: Recent bearish products and commentary, including a new 2x short ETF, suggest some traders are positioning for continued volatility or a deeper pullback before the June 24 report. GlobeNewswire MUZ launch

Analyst Ratings Changes

Several analysts recently commented on MU shares. Weiss Ratings reissued a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. UBS Group increased their price objective on shares of Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Susquehanna increased their price objective on shares of Micron Technology from $600.00 to $1,750.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, TD Cowen increased their price objective on shares of Micron Technology from $550.00 to $660.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $707.63.

Micron Technology Stock Down 4.7%

The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.01 trillion, a P/E ratio of 42.11 and a beta of 2.16. The company’s 50 day simple moving average is $640.73 and its 200-day simple moving average is $449.45.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping the consensus estimate of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $19.97 billion. During the same quarter in the prior year, the business earned $1.56 EPS. The business’s quarterly revenue was up 196 on a year-over-year basis. Research analysts forecast that Micron Technology, Inc. will post 58.79 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were paid a $0.15 dividend. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,000 shares of company stock worth $85,486,715 over the last quarter. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. bought a new stake in Micron Technology during the 1st quarter worth approximately $336,000. Rathbones Group PLC raised its stake in Micron Technology by 31.4% during the 1st quarter. Rathbones Group PLC now owns 27,152 shares of the semiconductor manufacturer’s stock worth $9,173,000 after acquiring an additional 6,487 shares during the period. Positano Wealth Management Ltd raised its stake in Micron Technology by 54.7% during the 1st quarter. Positano Wealth Management Ltd now owns 22,733 shares of the semiconductor manufacturer’s stock worth $7,680,000 after acquiring an additional 8,041 shares during the period. Wealthquest Corp bought a new stake in Micron Technology during the 1st quarter worth approximately $305,000. Finally, Parallel Advisors LLC raised its stake in Micron Technology by 26.7% during the 1st quarter. Parallel Advisors LLC now owns 18,868 shares of the semiconductor manufacturer’s stock worth $6,374,000 after acquiring an additional 3,979 shares during the period. Institutional investors own 80.84% of the company’s stock.

About Micron Technology

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.