Micron Technology (NASDAQ:MU) Stock Falls 1.1% – Should You Sell?

Micron Technology, Inc. (NASDAQ:MU)’s stock price was down 1.1% during trading on Tuesday. The stock traded as low as $699.63 and last traded at $725.11. Approximately 27,499,061 shares changed hands during trading, a decline of 32% from the average session volume of 40,301,012 shares. The stock had previously closed at $733.15.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Bulls see a compelling valuation. KeyBanc analyst John Vinh sees substantial recovery potential, arguing that demand for AI infrastructure remains strong. Other bullish commentary says MU trades at a low multiple of expected earnings despite strong recent results. These are analyst opinions, not guarantees. KeyBanc analyst sees upside for Micron Micron valuation commentary
• Positive Sentiment: Buyback may support demand for shares. Micron’s $35 billion repurchase authorization can begin December 9, giving the company a potential source of buying support, though the timing and pace of repurchases are not assured. Micron buyback coverage
• Neutral Sentiment: Analyst sentiment is mixed. Bank of America removed Micron from its US 1 list but retained a Buy rating, suggesting reduced conviction in the near-term pick rather than a change to its formal rating. BofA list changes
• Negative Sentiment: AI spending and political uncertainty are weighing on the shares. Investors fear midterm-related policy changes and local resistance could slow US data-center construction, reducing or delaying demand for memory chips. A broader pullback in AI stocks has added pressure. AI-stock sell-off and Micron
• Negative Sentiment: Memory’s cyclical risks remain. Commentary warns that favorable pricing and demand could cool, while a reported halt to construction at a Taiwan plant adds uncertainty around capacity plans. Micron memory-cycle risks Taiwan plant construction halt

Analysts Set New Price Targets

Several equities analysts recently weighed in on MU shares. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. DA Davidson upped their target price on Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Susquehanna reissued a “positive” rating on shares of Micron Technology in a report on Thursday, October 1st. Arete Research raised their price target on Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Trading Down 1.1%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The business has a fifty day simple moving average of $957.60 and a 200 day simple moving average of $756.71. The stock has a market cap of $820.40 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.14 and a beta of 2.36.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the previous year, the firm posted $3.03 earnings per share. The business’s revenue for the quarter was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 175.19 EPS for the current year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is presently 0.81%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, insider Scott Deboer sold 28,545 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 147,430 shares in the company, valued at approximately $132,687,000. This represents a 16.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 83,545 shares of company stock worth $78,460,850. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bullseye Investment Management LLC acquired a new stake in shares of Micron Technology during the 2nd quarter worth $27,000. Aventus Investment Advisors Inc. acquired a new stake in Micron Technology during the third quarter worth about $30,000. Steph & Co. purchased a new stake in shares of Micron Technology during the 3rd quarter worth about $31,000. Montgomery Financial Services LLC acquired a new stake in shares of Micron Technology in the second quarter worth $38,000. Finally, Bfsg LLC raised its position in Micron Technology by 1,950.0% in the third quarter. Bfsg LLC now owns 41 shares of the semiconductor manufacturer’s stock valued at $44,000 after purchasing an additional 39 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Company Profile

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.