Micron Technology (NASDAQ:MU) Trading Up 5% – Should You Buy?

Shares of Micron Technology, Inc. (NASDAQ:MU) were up 5% during mid-day trading on Tuesday . The company traded as high as $1,097.25 and last traded at $1,096.16. 28,638,556 shares were traded during trading, a decline of 33% from the average session volume of 42,570,707 shares. The stock had previously closed at $1,043.96.

Key Micron Technology News

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

• Positive Sentiment: Analysts remain broadly bullish. Citi raised its price target on Micron Technology (MU) from $1,150 to $1,300, citing stronger DRAM pricing and an undersupplied market. Bank of America and UBS also maintained Buy ratings, pointing to sustained AI demand, improving pricing and potential shareholder returns. Micron Technology target lifted by Citi
• Positive Sentiment: AI demand may keep memory supply tight into 2027. UBS expects Micron’s chip shortage to deepen as data-center and high-bandwidth-memory demand rises. Long-term supply contracts could also support margins even if spot memory prices moderate. Micron chip shortage outlook
• Positive Sentiment: Earnings expectations remain elevated. Investors are focused on whether Micron can sustain gross margins near the mid-80% range through fiscal 2027 and validate the AI-memory growth thesis. A strong report, outlook or pricing commentary could become the next major catalyst. Micron analyst outlook
• Neutral Sentiment: Wall Street views are increasingly divided. Micron has become a battleground over whether AI demand represents a durable structural shift or another cyclical memory boom. Some analysts see substantial upside, while others warn that much of the optimism is already reflected in the valuation. Micron stock becomes a battleground
• Negative Sentiment: Michael Burry’s expanded short position is weighing on sentiment. Burry argues that rising semiconductor production could ease supply constraints and pressure memory prices, directly challenging the bullish AI narrative. Michael Burry expands semiconductor shorts
• Negative Sentiment: Chinese competition and cycle risks remain important. CXMT has begun mass-producing a denser 24-gigabit mobile DRAM product, raising long-term supply concerns, although it reportedly lacks Micron’s yields, HBM capabilities and global customer acceptance. Investors are also watching for early memory-price peaks and a potential margin decline. China adds memory competitor

Analysts Set New Price Targets

Several equities analysts recently issued reports on MU shares. Zacks Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Needham & Company LLC boosted their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Finally, DA Davidson increased their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $1,296.47.

Micron Technology Trading Down 2.2%

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 company has a market cap of $1.21 trillion, a P/E ratio of 24.27, a P/E/G ratio of 0.69 and a beta of 2.22. The business has a fifty day simple moving average of $935.77 and a 200 day simple moving average of $790.50.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 EPS. Analysts anticipate that Micron Technology, Inc. will post 72.99 earnings per share for the current fiscal year.

Insider Activity at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction 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 sale, the executive vice president owned 85,737 shares of the company’s stock, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 177,204 shares of company stock valued at $182,156,264. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. grew its holdings in shares of Micron Technology by 5.0% during the second quarter. QRG Capital Management Inc. now owns 216,617 shares of the semiconductor manufacturer’s stock valued at $250,039,000 after buying an additional 10,384 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Micron Technology by 317.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 39,606 shares of the semiconductor manufacturer’s stock worth $45,716,000 after acquiring an additional 30,119 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Micron Technology by 14.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 756,236 shares of the semiconductor manufacturer’s stock worth $872,906,000 after acquiring an additional 96,472 shares during the period. Silicon Valley Capital Partners boosted its position in Micron Technology by 12.3% during the 2nd quarter. Silicon Valley Capital Partners now owns 7,387 shares of the semiconductor manufacturer’s stock worth $8,527,000 after acquiring an additional 809 shares during the period. Finally, Wellington Altus USA Inc. grew its stake in Micron Technology by 497.7% during the 2nd quarter. Wellington Altus USA Inc. now owns 2,116 shares of the semiconductor manufacturer’s stock valued at $2,442,000 after acquiring an additional 1,762 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.