Micron Technology (NASDAQ:MU) Stock Price Down 3.7% – Here’s What Happened

Micron Technology, Inc. (NASDAQ:MU) shares were down 3.7% during trading on Thursday . The stock traded as low as $321.36 and last traded at $327.02. Approximately 33,434,981 shares traded hands during trading, a decline of 13% from the average daily volume of 38,331,047 shares. The stock had previously closed at $339.55.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Broker notes and research argue AI-driven DRAM/HBM demand will stay well ahead of supply, supporting sustained pricing power and margin expansion for Micron. Micron’s Pricing Power Looks Unstoppable As AI Demand Outruns Supply
• Positive Sentiment: Major firms (UBS, Piper Sandler) have sharply raised price targets (to ~$400), reflecting supply constraints for HBM and higher EPS/price forecasts — boosts investor confidence and underpin recent gains. Best Undervalued AI Stocks 2026
• Positive Sentiment: Micron’s Q1/Q2 commentary and analyst write-ups highlight exceptional earnings/guidance (large YoY revenue beat, high gross margins and strong EPS outlook) and secured HBM supply deals — gives earnings visibility and supports longer-term upside. Micron: Lot Of Upside In The Tank
• Positive Sentiment: Nvidia and other AI players flag next‑gen memory needs; market commentary says that highlights durable incremental demand for Micron’s HBM/DRAM and helps justify premium pricing. Micron Stock Gains After Nvidia Highlights Memory Needs
• Neutral Sentiment: Broader market pullback and profit‑taking are weighing on chip names today; articles note MU is down amid a general market retrenchment even though AI memory fundamentals remain intact. Micron Stock Drops In Market Pullback
• Neutral Sentiment: Technical/valuation commentary warns the stock is overbought in multiple timeframes after a big run, which can prompt short-term sellers despite bullish long-term views. Stock Of The Day: Will Micron Reverse?
• Negative Sentiment: A high-profile analyst trimmed a previously aggressive price target, a headline that can trigger short‑term selling and headline-driven volatility. 5-star analyst drops eye-popping Micron stock price target
• Negative Sentiment: “Why MU is down today” write‑ups highlight the combination of market weakness, rotation and some profit-taking as drivers of the pullback, which can keep near‑term volatility elevated. Why Micron Stock Is Down Today

Analyst Ratings Changes

MU has been the topic of a number of research analyst reports. BNP Paribas raised Micron Technology from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 13th. Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. Wells Fargo & Company raised their price target on shares of Micron Technology from $300.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Finally, Susquehanna increased their price objective on shares of Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a research report on Monday, December 8th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $292.00.

Micron Technology Stock Performance

The business’s fifty day moving average is $252.40 and its 200-day moving average is $181.68. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The company has a market cap of $368.06 billion, a PE ratio of 31.09, a P/E/G ratio of 0.22 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. During the same period last year, the firm earned $1.79 earnings per share. The company’s quarterly revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 4.37%.

Insider Activity

In related news, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the sale, the chief accounting officer owned 40,237 shares in the company, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 316,800 shares of company stock worth $71,658,387. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MU. Regent Peak Wealth Advisors LLC lifted its position in shares of Micron Technology by 1.8% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 2,552 shares of the semiconductor manufacturer’s stock valued at $728,000 after acquiring an additional 45 shares in the last quarter. American Capital Advisory LLC grew its position in shares of Micron Technology by 20.4% during the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $46,000 after purchasing an additional 46 shares in the last quarter. Winthrop Capital Management LLC raised its stake in Micron Technology by 4.0% during the 3rd quarter. Winthrop Capital Management LLC now owns 1,234 shares of the semiconductor manufacturer’s stock valued at $206,000 after purchasing an additional 47 shares during the period. Main Street Research LLC raised its stake in Micron Technology by 0.8% during the 3rd quarter. Main Street Research LLC now owns 5,976 shares of the semiconductor manufacturer’s stock valued at $1,000,000 after purchasing an additional 47 shares during the period. Finally, Vivaldi Capital Management LP lifted its holdings in Micron Technology by 2.6% in the 3rd quarter. Vivaldi Capital Management LP now owns 1,940 shares of the semiconductor manufacturer’s stock worth $325,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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.