Micron Technology (NASDAQ:MU) Stock Price Up 4% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU)’s share price shot up 4% during mid-day trading on Thursday . The stock traded as high as $977.28 and last traded at $974.33. Approximately 24,861,549 shares were traded during mid-day trading, a decline of 45% from the average session volume of 44,977,949 shares. The stock had previously closed at $937.10.

Micron Technology News Summary

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

• Positive Sentiment: $10 billion research investment: Micron unveiled Micron Research Labs, a Boise-based facility it plans to fund with $10 billion over the next decade. The lab will target advanced memory, computing systems, packaging and future semiconductor manufacturing, potentially strengthening Micron’s competitive position in AI infrastructure. Micron Research Labs announcement
• Positive Sentiment: AI memory demand remains the central growth driver: Micron’s research push comes alongside more than $250 billion of previously announced U.S. manufacturing and research commitments. Investors expect continued demand for high-bandwidth memory, server DRAM and data-center storage as AI systems expand, including future Nvidia platforms. Micron unveils AI memory research lab
• Positive Sentiment: Sector-wide boost from SK hynix: SK hynix’s approximately $28.6 billion share repurchase and cancellation plan supported a rebound across memory stocks. The move signals confidence in tight supply, strong AI-memory pricing and the sector’s cash-generation potential, helping lift Micron by association. SK hynix buyback and memory stocks
• Neutral Sentiment: Large Boise expansion: Micron’s planned $50 billion Idaho manufacturing buildout is creating jobs and reinforcing U.S. production capacity, but it is also increasing pressure on local housing, infrastructure and labor markets. Micron Boise expansion
• Negative Sentiment: No immediate buyback: Unlike SK hynix and other rivals, Micron is prioritizing expansion and research spending and is not yet participating in the sector’s aggressive buyback wave. This may limit near-term shareholder returns and remains a potential valuation concern. Micron and memory-stock buybacks
• Negative Sentiment: Position trimming and valuation risk: Stanley Druckenmiller’s family office reportedly exited Micron during the second quarter, underscoring concerns about semiconductor cyclicality, elevated expectations and the sustainability of AI-driven spending.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup dropped their price target on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. KeyCorp restated an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft boosted their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $1,259.97.

Micron Technology Stock Up 4.0%

The business’s 50 day moving average is $967.75 and its 200 day moving average is $690.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The stock has a market cap of $1.10 trillion, a price-to-earnings ratio of 22.06 and a beta of 2.18.

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

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a dividend of $0.15 per share. The ex-dividend date was 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 currently 1.36%.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 162,179 shares of company stock valued at $167,811,861 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MU. High Note Wealth LLC raised its holdings in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Micron Technology in the first quarter valued at about $27,000. Bayban acquired a new position in Micron Technology in the 4th quarter worth about $29,000. Joseph Group Capital Management acquired a new position in Micron Technology in the 4th quarter worth about $31,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of Micron Technology during the 4th quarter worth about $31,000. 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.