Micron Technology (NASDAQ:MU) Shares Up 2.6% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) traded up 2.6% during trading on Tuesday. The company traded as high as $871.49 and last traded at $855.10. 20,420,104 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 40,217,488 shares. The stock had previously closed at $833.59.

Micron Technology News Summary

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

• Positive Sentiment: Several articles point to robust AI-driven demand, tight memory supply, and strong pricing as supports for Micron’s business. Some commentators view the sell-off as a potential buying opportunity, though that is an opinion rather than a change in company guidance. Article: Micron: Is the Recent Selloff a Buying Opportunity?
• Neutral Sentiment: Director Linnie M. Haynesworth plans to retire from Micron’s board at the annual shareholders meeting expected on January 14, 2027. The announcement did not include other board changes. Article: Micron Announces Board of Directors Retirement
• Negative Sentiment: Investors are concerned that proposals for tighter AI data-center rules—including zoning, energy and water requirements, and environmental reviews—could delay projects and soften future demand for memory chips. These are policy risks, not announced changes to Micron’s current customer demand. Article: Could Micron Technology Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: Reports say Micron has paused plans for a $4.5 billion Taiwan memory facility amid a labor dispute. The delay raises execution concerns for a project intended to produce DRAM and high-bandwidth memory used in AI data centers. Article: Micron Stock Falls After Report of $4.5 Billion Taiwan Pause
• Negative Sentiment: The sell-off is also part of a wider retreat in chip and technology stocks, with investors reducing exposure to AI-linked shares. Reports of Chinese rival CXMT pre-selling $1 billion in DRAM add to concerns about competition and future market share. Article: Why Micron Stock Keeps Going Down

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $1,900.00 price target on shares of Micron Technology in a research report on Thursday, October 22nd. Citigroup raised their price objective on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $1,500.00 target price on shares of Micron Technology in a research report on Thursday, October 1st. Weiss Ratings downgraded Micron Technology from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, October 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Performance

The firm’s 50-day moving average is $966.51 and its 200 day moving average is $753.37. The stock has a market cap of $741.97 billion, a PE ratio of 10.64, a P/E/G ratio of 0.14 and a beta of 2.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts anticipate that Micron Technology, Inc. will post 175.19 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio is currently 0.81%.

Insiders Place Their Bets

In other Micron Technology news, insider Scott Deboer sold 28,545 shares of Micron Technology stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider directly owned 147,430 shares in the company, valued at approximately $132,687,000. This trade represents a 16.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Several hedge funds have recently modified their holdings of the stock. Smith Partners Wealth Management LLC acquired a new position in Micron Technology during the 3rd quarter worth $214,000. Maryland State Retirement & Pension System boosted its holdings in Micron Technology by 30.1% during the third quarter. Maryland State Retirement & Pension System now owns 78,901 shares of the semiconductor manufacturer’s stock valued at $84,038,000 after acquiring an additional 18,276 shares during the period. NBH Bank boosted its holdings in Micron Technology by 121.2% during the third quarter. NBH Bank now owns 1,281 shares of the semiconductor manufacturer’s stock valued at $1,364,000 after acquiring an additional 702 shares during the period. Joel Isaacson & Co. LLC grew its position in shares of Micron Technology by 24.0% in the third quarter. Joel Isaacson & Co. LLC now owns 1,615 shares of the semiconductor manufacturer’s stock valued at $1,720,000 after purchasing an additional 313 shares during the last quarter. Finally, Altman Advisors Inc. grew its position in shares of Micron Technology by 1.1% in the third quarter. Altman Advisors Inc. now owns 2,666 shares of the semiconductor manufacturer’s stock valued at $2,840,000 after purchasing an additional 29 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.