Micron Technology (NASDAQ:MU) Stock Price Down 7% – Time to Sell?

Micron Technology, Inc. (NASDAQ:MU) shares dropped 7% during mid-day trading on Friday . The company traded as low as $904.00 and last traded at $920.95. Approximately 40,148,512 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 45,591,859 shares. The stock had previously closed at $990.21.

Key Micron Technology News

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

• Positive Sentiment: Micron is benefiting from continued AI infrastructure spending, with reports of strong memory demand, tighter supply, and faster HBM4 ramp-up supporting the company’s long-term growth outlook.
• Positive Sentiment: Alphabet’s higher 2026 capex guidance and related enthusiasm around data-center buildouts have reinforced demand expectations for Micron’s DRAM and high-bandwidth memory products. Article Title
• Neutral Sentiment: Several recent pieces argue that Micron’s valuation and post-earnings weakness should be viewed in the context of a much larger AI memory cycle, suggesting the stock may still have room to recover if demand stays strong.
• Negative Sentiment: Chip stocks are falling broadly, with Micron caught in a sector-wide memory selloff tied to weakness in Korean chip equities and concerns about China-related developments. Article Title
• Negative Sentiment: Investors may also be rotating out of the recent semiconductor rally, as Micron and other memory names give back some of the strong gains driven by AI optimism. Article Title

Analyst Ratings Changes

A number of research analysts recently commented on the company. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Wells Fargo & Company increased their target price on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Wedbush lifted their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Morgan Stanley upped their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $1,268.93.

Micron Technology Stock Down 7.0%

The business has a fifty day moving average of $962.35 and a 200 day moving average of $620.46. The company has a market capitalization of $1.04 trillion, a PE ratio of 20.85 and a beta of 2.14. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s revenue was up 345.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction 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 $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 163,300 shares of company stock valued at $152,667,204 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. M.E. Allison & CO. Inc. raised its stake in Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after acquiring an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC grew its stake in shares of Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after purchasing an additional 13 shares during the last quarter. Red Door Wealth Management LLC increased its holdings in shares of Micron Technology by 0.7% in the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock valued at $2,209,000 after purchasing an additional 14 shares during the period. Signature Equity Partners LLC raised its stake in shares of Micron Technology by 6.3% during the first quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock worth $86,000 after purchasing an additional 15 shares during the last quarter. Finally, Madrona Financial Services LLC lifted its holdings in shares of Micron Technology by 1.0% during the second quarter. Madrona Financial Services LLC now owns 1,543 shares of the semiconductor manufacturer’s stock worth $1,781,000 after purchasing an additional 16 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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.