Micron Technology (NASDAQ:MU) Stock Falls 1.7% – Here’s Why

Micron Technology, Inc. (NASDAQ:MU)’s share price dropped 1.7% during mid-day trading on Tuesday. The stock traded as low as $1,045.26 and last traded at $1,045.56. Approximately 20,788,930 shares changed hands during trading, a decline of 50% from the average session volume of 41,652,867 shares. The stock had previously closed at $1,063.96.

More Micron Technology News

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

• Positive Sentiment: Micron’s DRAM revenue reached a record $39.8 billion in fiscal fourth-quarter 2026, representing 73% of total revenue. Analysts view DRAM and high-bandwidth memory as major beneficiaries of continued AI infrastructure spending. Micron’s DRAM Sales Reach $40B: Can AI Demand Drive Growth?
• Positive Sentiment: More than 75% of Micron’s fiscal 2027 output is reportedly committed, while customers are already discussing 2028 allocations. That improves demand visibility and supports the argument that the current memory cycle could last longer than traditional cycles. Micron: This Memory Cycle Could End Differently
• Positive Sentiment: DA Davidson raised its price target from $2,100 to a Street-high $3,000 and maintained a Buy rating, citing AI-driven demand that could keep memory supply constrained through 2028. Zacks Research also upgraded MU to Strong Buy. Why Is Micron Stock Rising?
• Neutral Sentiment: Micron will pay $600 million to settle its patent dispute with Netlist, securing a five-year license. The agreement removes litigation uncertainty but creates a substantial one-time cash cost. Micron Technology and Netlist Settle Patent Dispute
• Negative Sentiment: A union representing workers at Micron’s Taoyuan facility in Taiwan—one of the company’s largest production hubs—authorized a strike over bonus negotiations. No walkout has been announced, but a disruption could threaten output and raise costs. Micron’s Taoyuan Union Secures Authorization to Strike
• Negative Sentiment: Samsung’s preliminary results disappointed investors despite strong profit growth, cooling the broader memory trade. The news has renewed concerns about peak margins, future supply increases and the historically cyclical nature of memory chips. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird raised their price target on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a research report on Monday, September 28th. ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating and set a $1,200.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Rosenblatt Securities boosted their target price on shares of Micron Technology from $1,500.00 to $1,900.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Finally, Barclays upped their target price on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. One equities 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Trading Down 4.4%

The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.18 and a beta of 2.22. The business has a 50 day simple moving average of $972.71 and a 200-day simple moving average of $836.22.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the company posted $3.03 EPS. The company’s quarterly 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. On average, equities analysts predict that Micron Technology, Inc. will post 175.82 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued a $0.15 dividend. 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 (DPR) is 0.81%.

Insider Activity

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 95,879 shares of company stock valued at $90,939,466 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Denali Advisors LLC purchased a new stake in Micron Technology during the 2nd quarter valued at about $7,364,000. Castleark Management LLC purchased a new stake in shares of Micron Technology during the first quarter worth about $3,709,000. Legacy Wealth Management LLC MS lifted its holdings in Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after buying an additional 1,499 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its position in Micron Technology by 2,461.4% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock valued at $42,871,000 after acquiring an additional 35,691 shares in 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 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.