Micron Technology (NASDAQ:MU) Stock Price Up 3% – Time to Buy?

Micron Technology, Inc. (NASDAQ:MU)’s stock price traded up 3% on Monday. The company traded as high as $926.81 and last traded at $904.90. 25,532,746 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 41,068,020 shares. The stock had previously closed at $878.84.

Micron Technology News Roundup

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

• Positive Sentiment: Micron reached a labor-management agreement with a union at its Taichung facility in Taiwan, reducing immediate concerns about the planned October 22 strike and potential production disruptions. Micron says it has reached agreement with Taiwan union
• Positive Sentiment: AI-related semiconductor sentiment has begun to recover after the recent selloff. Because Micron supplies high-bandwidth memory and other products used in AI data centers, renewed confidence in infrastructure spending is supporting the stock. Micron Stock Jumps as AI Trade Shows Signs of Life Again
• Positive Sentiment: Cantor Fitzgerald analyst C.J. Muse maintained a bullish outlook and projected as much as 120% upside over the next 12 months, citing tight memory supply, stronger pricing and Micron’s AI exposure. Wall Street analyst predicts 120% upside for Micron stock
• Positive Sentiment: Micron’s latest results remain a key support: quarterly revenue rose 379.1% year over year to $54.23 billion, while EPS of $33.42 exceeded expectations. Management’s fiscal Q1 2027 EPS guidance of $37.15–$39.15 reinforces expectations for continued earnings momentum.
• Neutral Sentiment: Micron also invested in Indium Corporation’s New York processing expansion to improve domestic access to critical materials for advanced memory manufacturing. The move strengthens supply-chain resilience but is primarily a longer-term benefit. Micron Invests in New York Critical Minerals Processing
• Negative Sentiment: Insider Scott Deboer sold 28,545 shares for approximately $25.7 million, reducing his holdings by 16.22%. The sale may weigh modestly on sentiment, although he still owns a substantial position. Micron Technology Insider Sale
• Negative Sentiment: Investors continue to monitor the risk of an AI-spending slowdown, elevated valuation expectations and growing competition from China’s CXMT, which is advancing toward server-memory production.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. BNP Paribas Exane lifted their price objective on shares of Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $470.00 to $1,250.00 in a research note on Friday, August 14th. Citigroup increased their target price on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Susquehanna restated a “positive” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, HSBC raised their target price on shares of Micron Technology from $1,100.00 to $1,700.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Down 1.0%

The stock has a market capitalization of $1.01 trillion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The business’s fifty day moving average price is $987.31 and its two-hundred day moving average price is $872.76.

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 the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the prior year, the firm earned $3.03 EPS. The firm’s revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities research analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 0.81%.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was 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 trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott Deboer sold 28,545 shares of Micron Technology stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the sale, the insider directly owned 147,430 shares of the company’s stock, valued at $132,687,000. This trade represents a 16.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 124,424 shares of company stock valued at $116,629,966. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors have recently bought and sold shares of MU. Denali Advisors LLC acquired a new stake in shares of Micron Technology during the second quarter worth about $7,364,000. Castleark Management LLC acquired a new position in shares of Micron Technology in the first quarter valued at approximately $3,709,000. Oppenheimer & Co. Inc. grew its holdings in shares of Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after purchasing an additional 6,702 shares in the last quarter. Legacy Wealth Management LLC MS grew its holdings in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after purchasing an additional 1,499 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC increased its stake 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 worth $42,871,000 after buying an additional 35,691 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.