Micron Technology (NASDAQ:MU) Trading 4.5% Higher – Time to Buy?

Shares of Micron Technology, Inc. (NASDAQ:MU) traded up 4.5% during mid-day trading on Thursday . The stock traded as high as $1,035.50 and last traded at $991.64. 40,404,852 shares were traded during trading, a decline of 12% from the average daily volume of 45,910,113 shares. The stock had previously closed at $948.80.

More Micron Technology News

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

• Positive Sentiment: Micron announced up to a $3 billion investment to expand and secure the U.S. semiconductor supply chain, including $500 million to support GlobalWafers’ Texas wafer project. Micron shares rise 7% after announcing billions more in U.S. chipmaking investments
• Positive Sentiment: Micron’s stock is benefiting from a broad rebound in memory and semiconductor shares after recent profit-taking, suggesting investors are rotating back into AI-memory names. Micron, SanDisk recover after Samsung-led selloff; fresh catalysts add to sentiment
• Positive Sentiment: Wall Street commentary continues to support Micron, with several analysts viewing the post-earnings pullback as a buying opportunity and maintaining bullish price targets. Micron Stock Steadies After Memory Selloff, BofA Says It’s Time to Buy
• Neutral Sentiment: Micron is drawing renewed investor attention as traders debate whether the recent surge in AI-memory stocks is a new up-leg or just a bounce after a volatile stretch. Micron’s stock surges on multibillion-dollar U.S. manufacturing push

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Sanford C. Bernstein set a $1,300.00 target price on Micron Technology in a report on Monday, June 22nd. Needham & Company LLC raised their price target on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Morgan Stanley lifted their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Wolfe Research set a $1,500.00 price objective on Micron Technology in a research note on Thursday, June 25th. Finally, UBS Group increased their price objective on Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and an average price target of $1,263.76.

Micron Technology Price Performance

The stock has a market cap of $1.12 trillion, a price-to-earnings ratio of 22.45 and a beta of 2.14. The company has a 50-day moving average of $904.31 and a 200-day moving average of $570.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

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

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors 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 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the sale, the executive vice president owned 85,737 shares of the company’s stock, valued at $92,933,763.78. This trade represents a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 187,300 shares of company stock worth $162,779,604 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares in the last quarter. State Street Corp increased its stake in shares of Micron Technology by 2.1% during the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after purchasing an additional 1,090,644 shares in the last quarter. Norges Bank acquired a new position in shares of Micron Technology during the 4th quarter worth approximately $6,433,456,000. Morgan Stanley raised its position in shares of Micron Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after purchasing an additional 794,289 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Micron Technology by 1.9% in the 4th quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer’s stock valued at $3,040,858,000 after buying an additional 194,550 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

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.