Micron Technology (NASDAQ:MU) Stock Price Up 5.1% – Time to Buy?

Micron Technology, Inc. (NASDAQ:MU)’s stock price rose 5.1% during trading on Friday. The stock traded as high as $724.80 and last traded at $690.00. Approximately 44,575,880 shares were traded during mid-day trading, an increase of 10% from the average session volume of 40,385,848 shares. The stock had previously closed at $656.39.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron’s recovery was supported by continued optimism about tight memory-chip supply and AI demand. A report on SK Hynix highlighted the persistent shortage of memory chips, while analysts see little sign of demand easing. SK Hynix Just Announced Huge News for Micron Shareholders
• Positive Sentiment: Recent results provide a fundamental tailwind: Micron reported quarterly revenue of $54.23 billion, far above the year-ago level, and issued revenue guidance of $61.5 billion, topping Wall Street expectations of $57 billion. Why Micron Stock Is Up Today
• Neutral Sentiment: Friday’s move followed a steep prior-session decline and a broad rebound across memory and storage shares. The bounce may reflect a recovery in risk appetite rather than a resolution of concerns about AI spending. Memory and Storage Stocks Rebound
• Negative Sentiment: Investors remain concerned that proposed restrictions on AI data centers could delay projects and weaken future memory demand. Those worries helped drive Thursday’s technology selloff and remain a source of volatility for MU. Could Micron Face Slower AI Demand From New Data Center Rules?
• Negative Sentiment: A reported labor dispute has put construction of Micron’s planned $4.5 billion Taiwan facility on hold. The pause could constrain future capacity for DRAM and HBM, though it also underscores execution and expansion risks. Micron Taiwan Factory Plan Suspended

Analyst Ratings Changes

MU has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Itau BBA Securities boosted their target price on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Daiwa Securities Group upped their price target on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,000.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,650.00 price objective on shares of Micron Technology in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Trading Up 5.1%

The stock has a market cap of $780.68 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 0.14 and a beta of 2.36. The business’s 50 day moving average is $966.51 and its 200 day moving average is $753.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94.

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

Micron Technology Announces Dividend

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

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott J. 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,545 shares of company stock valued at $78,460,850 over the last ninety days. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently bought and sold shares of MU. Bullseye Investment Management LLC bought a new position in Micron Technology during the second quarter valued at $27,000. Aventus Investment Advisors Inc. bought a new stake in shares of Micron Technology in the 3rd quarter worth about $30,000. Steph & Co. bought a new stake in shares of Micron Technology in the 3rd quarter worth about $31,000. Montgomery Financial Services LLC bought a new stake in shares of Micron Technology in the 2nd quarter worth about $38,000. Finally, JNBA Financial Advisors boosted its stake in shares of Micron Technology by 77.3% during the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

About Micron Technology

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices.

Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.