Micron Technology (NASDAQ:MU) Stock Jumps 2% – Time to Buy?

Shares of Micron Technology, Inc. (NASDAQ:MU) rose 2% on Wednesday. The company traded as high as $928.45 and last traded at $913.67. Approximately 20,663,262 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 40,850,320 shares. The stock had previously closed at $896.07.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: SK Hynix’s decision to cancel a U.S. IPO for its Solidigm NAND business may reduce concerns about additional flash-memory supply entering the market, potentially supporting pricing and benefiting Micron. Micron, Sandisk gain as SK Hynix scraps Solidigm IPO
• Positive Sentiment: Micron plans to invest in U.S. critical-mineral processing, reinforcing its domestic manufacturing and supply-chain strategy while potentially strengthening the company’s access to government-backed semiconductor initiatives. Micron says it will invest in U.S. critical mineral processing
• Positive Sentiment: Analyst and valuation coverage remains favorable, citing Micron’s AI-driven growth, strong earnings revisions, comparatively low valuation, and advantages in DRAM, HBM, and NAND. Erste Group also raised its FY2028 EPS estimate while maintaining a Buy rating. Micron vs. Texas Instruments
• Neutral Sentiment: Micron’s technical recovery remains fragile after a sharp pullback. Investors are buying the dip, but volatile AI sentiment and the stock’s substantial prior gains could produce continued swings. Micron Stock Leads Chip Rebound
• Negative Sentiment: Risk factors include concerns about elevated AI capital spending, interest rates, inflation, and the possibility that memory demand or pricing could weaken if supply expands. Reports also show extensive insider selling, including sales by senior executives, which may weigh on sentiment. Why Micron Technology Stock Is Up Today

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings raised Micron Technology from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, October 12th. Phillip Securities increased their price target on shares of Micron Technology from $530.00 to $1,870.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Barclays upped their price objective 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. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Finally, The Goldman Sachs Group set a $1,250.00 target price on shares of Micron Technology in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Micron Technology currently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Stock Up 2.9%

The business’s fifty day simple moving average is $985.49 and its two-hundred day simple moving average is $880.07. The company has a market cap of $997.32 billion, a PE ratio of 11.91, a PEG 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.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the company posted $3.03 EPS. The company’s revenue for the quarter 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, analysts predict that Micron Technology, Inc. will post 177.03 earnings per share for the current year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Deboer sold 28,545 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the sale, the insider owned 147,430 shares of the company’s stock, valued at $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 83,545 shares of company stock valued at $78,460,850. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Institutional investors have recently modified their holdings of the stock. Andar Capital Management HK Ltd lifted its stake in Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Micron Technology during the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc acquired a new position in shares of Micron Technology during the second quarter valued at approximately $8,402,393,000. Situational Awareness LP lifted its position in shares of Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after acquiring an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Micron Technology in the second quarter worth approximately $3,761,237,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

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.