Micron Technology (NASDAQ:MU) Trading Down 2.2% – Here’s Why
by Amy Steele · The Cerbat GemMicron Technology, Inc. (NASDAQ:MU – Get Free Report)’s share price was down 2.2% during trading on Tuesday . The stock traded as low as $335.22 and last traded at $338.13. Approximately 23,703,599 shares changed hands during trading, a decline of 30% from the average daily volume of 34,102,066 shares. The stock had previously closed at $345.87.
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: HBM demand sold out and capacity ramp. Micron says HBM (AI memory) is effectively sold out for 2026, pricing and revenue jumped in FQ1 FY2026, and near‑term expansions (Singapore packaging, Boise, Japan, Clay NY megafab longer term) should extend growth into 2027. (Supports revenue visibility and pricing power)
- Positive Sentiment: Analyst upgrades and price‑target raises lift sentiment — multiple firms (KeyCorp, BofA, Mizuho) have raised targets and ratings, pushing upside expectations and supporting the stock’s rerating. See Mizuho note. Mizuho hikes Micron PT to $390
- Neutral Sentiment: Momentum/market recognition — several bullish commentaries (Zacks pieces highlighting MU’s 2025 gains and one‑week momentum) keep retail and quant interest high, which can amplify moves in either direction. Micron Has Tripled in 2025 – Still a Discounted Strong Buy
- Neutral Sentiment: High profile mentions and lists (Jim Cramer, Motley Fool, Zacks Rank #1) boost visibility — good for flows but can increase volatility as short‑term traders rotate. “Micron (MU) Will Put Up Plants,” Says Jim Cramer
- Negative Sentiment: Competition and capacity risk — SK Hynix’s planned $13B memory plant and Samsung’s HBM4 advances raise the risk of faster supply growth and aggressive pricing, which could compress Micron’s margins if demand softens. SK Hynix Plans $13 Billion Memory-Chip Plant
- Negative Sentiment: Analyst / investor cautions about peak margins and oversupply — a Seeking Alpha note highlights three key risks (cyclical valuation, potential oversupply, margins peaking in 2026–27) that could blunt the rally if HBM pricing or AI demand disappoints. Micron: Three Significant Risks
- Negative Sentiment: Short‑term profit‑taking & position adjustments — some investors are taking profits after rapid rerating and short interest grew in December (~2.7% of float), which can add selling pressure during consolidation or headline volatility. Why I’m Taking Profits After A Rapid Rerating
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Piper Sandler boosted their target price on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. Cantor Fitzgerald boosted their price target on Micron Technology from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Morgan Stanley upped their price target on Micron Technology from $338.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Finally, Barclays raised their price objective on Micron Technology from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Buy” and a consensus target price of $302.34.
Get Our Latest Analysis on Micron Technology
Micron Technology Price Performance
The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $259.11 and its 200 day moving average is $186.59. The firm has a market cap of $380.57 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 0.22 and a beta of 1.50.
Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company’s quarterly revenue was up 56.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.
Micron Technology Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, December 29th. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.
Insider Activity
In other news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. This represents a 36.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 318,800 shares of company stock worth $72,333,387. Corporate insiders own 0.24% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of MU. REAP Financial Group LLC bought a new stake in shares of Micron Technology during the third quarter worth approximately $25,000. First Command Advisory Services Inc. lifted its holdings in Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Micron Technology in the 3rd quarter valued at $27,000. Elevation Wealth Partners LLC boosted its stake in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares during the period. Finally, Howard Hughes Medical Institute acquired a new position in Micron Technology in the 2nd quarter valued at $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.