Micron Technology (NASDAQ:MU) Stock Price Down 2.3% – Time to Sell?

Shares of Micron Technology, Inc. (NASDAQ:MU) were down 2.3% on Wednesday . The company traded as low as $284.18 and last traded at $285.8350. Approximately 17,397,511 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 23,917,592 shares. The stock had previously closed at $292.63.

Key Stores Impacting Micron Technology

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

• Positive Sentiment: Big earnings and AI-driven demand underpin the rally — MarketBeat highlights Micron’s FQ1 beat, heavy HBM demand, and analyst upgrades that have driven price-target increases and technical breakouts. Those fundamentals are the primary bullish catalyst. Micron Gains Momentum, Again—30% to 80% Upside in 2026
• Positive Sentiment: Analyst upgrades tied to AI memory demand — coverage notes upgrades as AI accelerator and GPU customers lift HBM pricing/volumes, supporting Micron’s revenue and margins outlook. Micron (MU) positioned for growth as AI-driven memory demand triggers major analyst upgrades
• Positive Sentiment: Revenue mix improving — Zacks reports NAND revenues reaching $2.7B (~20% of sales), indicating Micron is capturing higher-value flash demand alongside HBM strength, a potential growth lever. Micron Technology’s NAND Revenues Reach $2.7B: Is It a Growth Lever?
• Positive Sentiment: Momentum and market leadership — MU is among 2025’s top S&P performers and has hit record highs / 52-week highs, attracting momentum flows and ETF/benchmarked demand. The 3 Stocks That Crushed the S&P 500 in 2025 (Micron mention)
• Neutral Sentiment: Options and flow signals — Benzinga and other pieces show elevated options activity and structured trades around MU, which increases short-term volatility but can reflect both bullish positioning and hedging. Unpacking the Latest Options Trading Trends in Micron Technology
• Neutral Sentiment: Sector/ETF context — sector ETFs (XSD/SMH/SOXX) and thematic flows are boosting demand for memory/AI suppliers like Micron, providing background bid but also concentration risk if leadership shifts. Find the Next NVIDIA With This Semiconductor ETF
• Negative Sentiment: Sell call on valuation — a Sohu piece argues MU is overvalued and recommends selling, which can amplify profit-taking after strong gains. Micron Technology (MU): A Sell Recommendation Amid High Valuations
• Negative Sentiment: Critical analysis and valuation warnings — Seeking Alpha and other op-eds urge caution on P/E and stretch in expectations, feeding short-term selling pressure. Micron: Check Your P/E At The Door What The Micron Bulls Would Have You Believe Is Insane
• Negative Sentiment: Bearish/options trades and hedges — public write-ups on bear put spreads and other bearish option strategies signal that some traders are actively positioning for a pullback, which can exacerbate intraday declines. Micron Technology Bear Put Spread Could Return 197% in this Down Move

Wall Street Analyst Weigh In

Several research firms recently issued reports on MU. Wells Fargo & Company upped their price objective on shares of Micron Technology from $300.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Rosenblatt Securities reissued a “buy” rating and set a $300.00 target price on shares of Micron Technology in a research report on Monday, December 15th. JPMorgan Chase & Co. raised their price target on Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Citigroup lifted their price objective on Micron Technology from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings upgraded Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $282.61.

Micron Technology Stock 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 stock has a market cap of $321.71 billion, a P/E ratio of 27.17, a PEG ratio of 0.19 and a beta of 1.54. The stock has a 50-day simple moving average of $240.61 and a 200-day simple moving average of $173.98.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. The company had revenue of $13.64 billion for 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 firm’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same period last year, the company posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.115 per share. The ex-dividend date is Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio is 4.37%.

Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 5,000 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the sale, the director owned 19,139 shares in the company, valued at $5,045,614.57. The trade was a 20.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 354,300 shares of company stock worth $78,800,968 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Several institutional investors and hedge funds have recently made changes to their positions in MU. American Capital Advisory LLC boosted its holdings in shares of Micron Technology by 20.4% during the 3rd quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $46,000 after buying an additional 46 shares in the last quarter. Winthrop Capital Management LLC lifted its position in shares of Micron Technology by 4.0% during the 3rd quarter. Winthrop Capital Management LLC now owns 1,234 shares of the semiconductor manufacturer’s stock valued at $206,000 after acquiring an additional 47 shares during the period. Main Street Research LLC boosted its stake in Micron Technology by 0.8% during the third quarter. Main Street Research LLC now owns 5,976 shares of the semiconductor manufacturer’s stock worth $1,000,000 after acquiring an additional 47 shares in the last quarter. Vivaldi Capital Management LP grew its holdings in Micron Technology by 2.6% in the third quarter. Vivaldi Capital Management LP now owns 1,940 shares of the semiconductor manufacturer’s stock worth $325,000 after purchasing an additional 49 shares during the period. Finally, Teamwork Financial Advisors LLC grew its holdings in Micron Technology by 0.4% in the third quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock worth $2,505,000 after purchasing an additional 53 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.