Micron Technology (NASDAQ:MU) Shares Down 1.4% – What’s Next?
by Renee Jackson · The Cerbat GemMicron Technology, Inc. (NASDAQ:MU – Get Free Report)’s share price was down 1.4% during mid-day trading on Wednesday . The company traded as low as $328.20 and last traded at $333.35. Approximately 20,085,613 shares changed hands during trading, a decline of 38% from the average daily volume of 32,302,223 shares. The stock had previously closed at $338.13.
Key Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Micron celebrated the official groundbreaking for its planned New York “megafab” — a multi‑year, large‑scale investment that underpins long‑term capacity growth for AI DRAM/NAND demand and signals strong political and local support. Read More.
- Positive Sentiment: High‑profile insider buys: former TSMC co‑CEO Mark Liu purchased several million dollars of MU shares and director Teyin M. Liu disclosed a ~$3.9M purchase — management and industry veteran buying is a strong confidence signal for investors. Read More.
- Positive Sentiment: Wall Street lifted targets and coverage: Cantor Fitzgerald and others raised targets (Cantor to $450), RBC initiated with Outperform, Wells Fargo and Citi raised theirs — these notes broaden institutional demand and support higher valuations. Read More.
- Positive Sentiment: Analyst/market commentary points to strong AI data‑center demand and Micron’s HBM ramp, reinforcing revenue/margin upside expectations tied to the AI memory shortage. Read More.
- Neutral Sentiment: Media coverage highlights MU as a top semiconductor/AI pick (Zacks, Investopedia): helps attract flows, but also places MU into a crowded thematic trade that can amplify intra‑day moves. Read More.
- Neutral Sentiment: CEO and company commentary emphasize ongoing AI memory tightness — bullish for fundamentals but timing/size of revenue realization remains the key variable for investors. Read More.
- Negative Sentiment: Risk/volatility reminders: analysts and commentators note MU’s history of sharp drawdowns and the potential for profit‑taking after a massive rerating, which raises short‑term downside risk despite strong momentum. Read More.
- Negative Sentiment: Competition/rotation risk: some analysts warn other AI chip names could soak up investor flows, and thematic rotation could redirect capital away from memory names if expectations shift. Read More.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Wolfe Research upped their price objective on shares of Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Bank of America upped their price target on Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank Of Canada initiated coverage on Micron Technology in a research report on Thursday. They set an “outperform” rating and a $425.00 price objective on the stock. Piper Sandler boosted their price objective on Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Finally, Susquehanna upped their target price on Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a report on Monday, December 8th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $326.66.
Check Out Our Latest Stock Analysis on MU
Micron Technology Price Performance
The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The stock has a market cap of $408.28 billion, a PE ratio of 34.48, a PEG ratio of 0.20 and a beta of 1.50. The stock’s 50-day moving average is $267.89 and its two-hundred day moving average is $191.79.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $12.62 billion. During the same quarter in the previous year, the company earned $1.79 earnings per share. The firm’s quarterly 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. On average, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.
Micron Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 4.37%.
Insider Activity
In other Micron Technology news, Director Teyin M. Liu bought 11,600 shares of Micron Technology stock in a transaction on Wednesday, January 14th. The shares were bought at an average cost of $337.22 per share, for a total transaction of $3,911,752.00. Following the acquisition, the director directly owned 25,910 shares in the company, valued at $8,737,370.20. This represents a 81.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the completion of the transaction, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at $92,557,339.42. This represents a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 318,800 shares of company stock worth $72,333,387 over the last 90 days. Company insiders own 0.24% of the company’s stock.
Hedge Funds Weigh In On Micron Technology
A number of institutional investors and hedge funds have recently modified their holdings of the company. REAP Financial Group LLC purchased a new stake in Micron Technology during the 3rd quarter worth about $25,000. First Command Advisory Services Inc. increased its holdings in shares of Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Micron Technology during the 3rd quarter worth about $27,000. Elevation Wealth Partners LLC lifted its stake 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 purchasing an additional 71 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in Micron Technology during the second quarter worth approximately $30,000. Institutional investors and hedge funds 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.