Micron Technology (NASDAQ:MU) Stock Price Down 2.1% – What’s Next?

Shares of Micron Technology, Inc. (NASDAQ:MU) dropped 2.1% during trading on Friday. The company traded as low as $1,072.01 and last traded at $1,074.89. 26,487,816 shares changed hands during trading, a decline of 37% from the average session volume of 41,882,484 shares. The stock had previously closed at $1,097.39.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, beating consensus estimates. AI-related demand for high-bandwidth memory (HBM), DRAM and NAND drove record profitability, including an approximately 87% adjusted gross margin. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Management’s fiscal Q1 2027 outlook exceeded Wall Street expectations, with revenue guidance of $60 billion to $63 billion and EPS guidance of $37.15 to $39.15. The company also said more than 75% of its 2027 output is committed, while customer discussions are extending into 2028. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: Analysts raised price targets, including DA Davidson’s increase to $2,100, citing tighter-than-expected memory supply and sustained AI infrastructure demand. Micron’s strategic customer agreements and planned increase in share buybacks could provide additional support. Micron’s Highest Price Target on Wall Street Is Now $2,100

Analysts Set New Price Targets

Several analysts have recently weighed in on MU shares. CLSA reissued an “outperform” rating and issued a $1,700.00 price target on shares of Micron Technology in a research note on Friday. Wells Fargo & Company decreased their price objective on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Wednesday, September 23rd. William Blair set a $1,300.00 price objective on Micron Technology in a research report on Thursday. JPMorgan Chase & Co. raised their target price on Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Micron Technology in a research note on Thursday. Forty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Micron Technology currently has an average rating of “Moderate Buy” and a consensus target price of $1,385.93.

Micron Technology Trading Down 2.1%

The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm has a market cap of $1.21 trillion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 0.66 and a beta of 2.22. The company’s 50 day moving average price is $954.89 and its 200 day moving average price is $818.89.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 110.90% and a net margin of 63.80%.The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period last year, the business posted $3.03 earnings per share. Micron Technology’s revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts forecast that Micron Technology, Inc. will post 160.39 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. Micron Technology’s dividend payout ratio is presently 1.36%.

Insider Activity at Micron Technology

In related news, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,879 shares of company stock valued at $90,939,466 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. M.E. Allison & CO. Inc. boosted its position 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 in the last quarter. Cherrydale Wealth Management LLC boosted its position in Micron Technology by 1.4% during the second 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 in the last quarter. Bellevue Asset Management LLC boosted its position in Micron Technology by 25.5% during the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after purchasing an additional 13 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its stake in Micron Technology by 8.8% in the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock valued at $186,000 after purchasing an additional 13 shares during the last quarter. Finally, Red Door Wealth Management LLC raised its holdings in 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 worth $2,209,000 after purchasing an additional 14 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.