Micron Technology (NASDAQ:MU) Trading Down 1.9% After Analyst Downgrade

Micron Technology, Inc. (NASDAQ:MU)’s stock price dropped 1.9% on Monday after Citigroup lowered their price target on the stock from $1,400.00 to $1,150.00. Citigroup currently has a buy rating on the stock. Micron Technology traded as low as $854.40 and last traded at $861.00. 27,405,660 shares traded hands during trading, a decline of 40% from the average daily volume of 45,680,207 shares. The stock had previously closed at $877.57.

MU has been the topic of a number of other reports. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. UBS Group raised their price target on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Raymond James Financial lifted their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Susquehanna increased their price objective on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Thursday, June 25th. Finally, TD Cowen reiterated a “buy” rating on shares of Micron Technology in a research report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus target price of $1,260.31.

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 31,285 shares of Micron Technology stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $926.83, for a total transaction of $28,995,876.55. Following the transaction, the chief executive officer directly owned 313,218 shares in the company, valued at approximately $290,299,838.94. This trade represents a 9.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 162,179 shares of company stock valued at $167,811,861 over the last 90 days. Insiders own 0.24% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: AI demand and customer agreements support the outlook. Analysts point to robust demand for high-bandwidth memory (HBM) used in AI systems, as well as multi-year Strategic Customer Agreements. These contracts reportedly cover about 20% of Micron’s expected 2030 DRAM volume and one-third of NAND volume, potentially making revenue and margins less cyclical. Micron Could Reclaim Its Previous Highs
• Positive Sentiment: Recent earnings demonstrated powerful operating momentum. Micron reported $41.46 billion in quarterly revenue, 84.9% gross margin and $25.11 in earnings per share, substantially exceeding consensus expectations. Revenue increased 74% year over year, reinforcing the view that AI infrastructure spending is translating into exceptional memory demand. Why Micron Stock Plummeted 28.7% in July But Is Rebounding in August
• Positive Sentiment: Investor sentiment has improved following the correction. MU has recovered from its roughly 30% decline from the June high, with some analysts arguing that the pullback offers an attractive entry point if AI capital spending remains strong. Micron executives’ scheduled presentation at a KeyBanc analyst event could provide a near-term catalyst if management raises its outlook. MU Outpaced SNDK, WDC This Week
• Neutral Sentiment: Apple’s potential China sourcing is a competitive risk, but has not derailed the rally. Apple has reportedly tested memory chips from China’s ChangXin Memory Technologies, raising concerns about future supplier competition. However, Micron shares have continued to recover as investors focus on near-term supply tightness and AI demand. Micron Stock Gains Even as Apple Looks to China for Memory-Chip Supply
• Negative Sentiment: Investors are increasingly concerned that the memory boom may be near a peak. Slower DRAM and NAND price increases, recent weakness reported by SK Hynix and Samsung, and already elevated valuation expectations could pressure future earnings growth. Citigroup also lowered its price target to $1,150, signaling more cautious upside expectations despite remaining well above recent trading levels. Micron’s Memory Boom Is Heading for a Peak

Institutional Trading of Micron Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Monetta Financial Services Inc. acquired a new position in Micron Technology during the 2nd quarter valued at about $4,271,000. TPG Financial Advisors LLC bought a new stake in shares of Micron Technology during the second quarter valued at approximately $362,000. Empirical Asset Management LLC bought a new stake in shares of Micron Technology during the second quarter valued at approximately $7,009,000. Catalyst Investment Management LLC acquired a new position in shares of Micron Technology during the second quarter worth approximately $246,000. Finally, Sound Financial Strategies Group LLC acquired a new position in shares of Micron Technology during the second quarter worth approximately $406,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The firm has a market capitalization of $972.40 billion, a P/E ratio of 19.49 and a beta of 2.19. The business has a fifty day moving average of $975.03 and a 200-day moving average of $660.64.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the prior year, the company earned $1.91 earnings per share. The company’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts forecast that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.

About Micron Technology

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.