Micron Technology, Inc. (NASDAQ:MU – Get Free Report)’s stock price traded down 1.5% on Monday . The stock traded as low as $435.90 and last traded at $448.42. 31,772,634 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 40,673,125 shares. The stock had previously closed at $455.07.
Key Headlines Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Goldman Sachs notes Micron accounts for roughly 51% of all S&P 500 EPS revisions since the war began, highlighting MU’s outsized contribution to recent earnings upgrades and analyst focus — a major fundamental positive for the stock. Micron alone accounts for 51% of all S&P 500 EPS revisions since the war began: Goldman Sachs
- Positive Sentiment: Morgan Stanley raised Intel targets but said memory chipmakers like Micron offer better risk-reward to play AI-driven server/memory demand, reinforcing buy-side interest in MU. Morgan Stanley raises Intel target but prefers these chip stocks more
- Positive Sentiment: Micron reports sold-out HBM capacity — supporting the company’s valuation and “AI cash flow” thesis as high-bandwidth memory is a scarce, high-margin input for AI systems. This bolsters near-term revenue/cash-flow expectations. Micron’s Sold Out HBM Capacity Tests Valuation And AI Cash Flow Story
- Neutral Sentiment: Heavy sector flows: the new Roundhill Memory ETF (DRAM) cleared $1B AUM in 10 trading days, signaling strong passive/ETF inflows into memory names that can amplify both rallies and volatility in MU. Roundhill Memory ETF (DRAM) Surpasses $1 Billion in AUM in 10 Trading Days¹
- Negative Sentiment: U.S. export-control changes on advanced wafer tools add uncertainty to Micron’s China-facing supply chain and could pressure near-term growth or capable capacity expansion, a tangible regulatory risk for MU. U.S. Export Controls Complicate Micron AI Memory Outlook And Supply Chain
- Negative Sentiment: Multiple bearish/valuation-warning pieces warn the shares look top-heavy after big rallies (including a Seeking Alpha bear thesis and Yahoo piece calling MU risky after run-ups), which can trigger profit-taking and higher volatility. Micron: Dead Cats Don’t Bounce Twice Why Micron and Sandisk stocks look risky right now
- Negative Sentiment: Broad-sector caution: analysts note the SOX index’s blistering short-term rally resembles historical excesses, raising macro/positioning risk that could reverse gains in cyclical names like MU. Semiconductor stocks haven’t been this hot since the dot-com bubble — and it could end badly
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Stifel Nicolaus increased their target price on Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wedbush increased their target price on shares of Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Mizuho increased their target price on shares of Micron Technology from $480.00 to $530.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $464.61.
Micron Technology Stock Performance
The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The stock’s 50 day simple moving average is $406.41 and its two-hundred day simple moving average is $319.30. The stock has a market cap of $505.70 billion, a P/E ratio of 21.17 and a beta of 1.60.
Micron Technology Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is 2.83%.
Insider Buying and Selling at Micron Technology
In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the sale, the executive vice president directly owned 323,486 shares in the company, valued at $126,495,965.44. This represents a 7.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,623 shares of company stock valued at $45,165,908 in the last 90 days. 0.24% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Micron Technology
Hedge funds have recently made changes to their positions in the business. High Note Wealth LLC grew its stake in shares of Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its stake in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 96 shares during the last quarter. Bayban acquired a new position in shares of Micron Technology during the 4th quarter worth about $29,000. Finally, Joseph Group Capital Management acquired a new position in shares of Micron Technology during the 4th quarter worth about $31,000. 80.84% of the stock is owned by institutional investors.
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.
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