Micron Technology (NASDAQ:MU) Shares Down 8% – Should You Sell?

Micron Technology, Inc. (NASDAQ:MU)’s share price was down 8% on Wednesday . The company traded as low as $873.63 and last traded at $904.28. 53,956,491 shares were traded during mid-day trading, an increase of 18% from the average session volume of 45,703,238 shares. The stock had previously closed at $983.12.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron announced long-term automotive supply agreements with several partners, including Qualcomm and Harman, which should improve supply visibility and deepen its role in AI-enabled vehicles. Reuters article
• Positive Sentiment: Analysts continue to highlight Micron as a key AI memory beneficiary, with upbeat commentary on earnings momentum and the company’s importance in AI infrastructure buildout. Yahoo Finance article
• Positive Sentiment: KeyCorp reiterated an Overweight stance and set a very bullish price target, signaling continued Wall Street confidence in Micron’s earnings power over the next few years. MarketBeat reference
• Neutral Sentiment: Several articles frame Micron as a volatile “AI bellwether,” suggesting that the stock may keep swinging with sentiment around the memory cycle and broader tech risk appetite. MarketWatch article
• Negative Sentiment: Micron has been caught in a sector-wide selloff, with chip stocks weakening as investors rotate out of AI and semiconductor names. Yahoo Finance article
• Negative Sentiment: Fresh concerns about fiercer Chinese memory competition, including CXMT’s large planned IPO, have added pressure on Micron shares and raised fears of pricing and margin pressure. 24/7 Wall St article
• Negative Sentiment: Bearish trading ideas and cautionary commentary, including calls to avoid buying on margin, reflect heightened skepticism after Micron’s recent run-up. 24/7 Wall St article

Wall Street Analyst Weigh In

Several research analysts have issued reports on MU shares. Susquehanna increased their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Thursday, June 25th. Barclays boosted their target price on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Wedbush upped their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. The Goldman Sachs Group increased their price target on shares of Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Melius Research assumed coverage on shares of Micron Technology in a report on Monday, April 27th. They set a “buy” rating and a $700.00 price objective on the stock. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $1,268.93.

Micron Technology Trading Down 5.6%

The business has a fifty day simple moving average of $947.41 and a 200 day simple moving average of $598.20. The stock has a market cap of $963.60 billion, a price-to-earnings ratio of 19.32 and a beta of 2.14. 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 released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 72.99 EPS for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is 1.36%.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 28,506 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $1,149.28, for a total value of $32,761,375.68. Following the sale, the chief executive officer owned 355,997 shares in the company, valued at $409,140,232.16. This trade represents a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 163,300 shares of company stock worth $152,667,204 in the last three months. 0.24% of the stock is owned by insiders.

Institutional Trading of Micron Technology

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Micron Technology in the 4th quarter worth about $6,433,456,000. AQR Capital Management LLC raised its stake in shares of Micron Technology by 411.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after acquiring an additional 2,918,535 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Micron Technology by 1,340.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock worth $805,148,000 after purchasing an additional 2,625,169 shares during the period. Amundi raised its position in Micron Technology by 65.0% in the fourth quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock valued at $1,424,025,000 after purchasing an additional 1,965,319 shares during the period. Finally, Vanguard Group Inc. boosted its position 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 worth $30,427,016,000 after buying an additional 1,954,644 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

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.