Micron Technology (NASDAQ:MU) Trading Down 9.9% on Insider Selling

Micron Technology, Inc. (NASDAQ:MU) shares dropped 9.9% on Wednesday following insider selling activity. The company traded as low as $737.88 and last traded at $739.00. 66,521,459 shares traded hands during trading, an increase of 45% from the average session volume of 45,897,309 shares. The stock had previously closed at $820.53.

Specifically, CEO Sanjay Mehrotra sold 31,285 shares of Micron Technology stock in a transaction on Friday, July 24th. The stock was sold at an average price of $926.83, for a total value of $28,995,876.55. Following the completion of the sale, the chief executive officer owned 313,218 shares of the company’s stock, valued at $290,299,838.94. The trade was a 9.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sanjay Mehrotra sold 8,715 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $951.72, for a total value of $8,294,239.80. Following the sale, the chief executive officer owned 304,503 shares of the company’s stock, valued at approximately $289,801,595.16. This trade represents a 2.78% decrease in their position. The SEC filing for this sale provides additional information. In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Susquehanna increased their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Thursday, June 25th. Morgan Stanley raised their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Wedbush upped their target price on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology in a research report on Monday, June 22nd. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $1,268.93.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Analysts remain bullish on Micron’s long-term outlook, citing AI infrastructure spending, high-bandwidth memory demand, long-term customer agreements and potentially stronger pricing power than in previous memory cycles. Some commentary suggests revenue could potentially triple again by 2030. Micron: AI Panic, But Memory Supercycle Isn’t Over Yet
• Positive Sentiment: Micron’s latest quarter provides substantial fundamental support: revenue rose 345.8% year over year to $41.46 billion, while EPS of $25.11 exceeded consensus by $3.72. The company also maintains a strong balance sheet and has guided to $30–$32 in fourth-quarter EPS. Micron Revenues Could Triple Again By 2030
• Positive Sentiment: Potential U.S. tariffs or restrictions on Chinese memory chips could limit competition from ChangXin Memory Technologies (CXMT), supporting Micron’s domestic market position, pricing and margins. Chips and Clips: Memory Tariffs Rewire Tech Supply Chains
• Neutral Sentiment: Wall Street’s consensus view remains favorable, with multiple buy or overweight ratings and price targets well above recent trading levels, although the large gap between targets and the stock’s current technical trend highlights elevated volatility.
• Negative Sentiment: SK hynix’s quarterly revenue missed lofty expectations despite explosive profit growth. The miss, combined with plans for roughly 50% higher capital spending, intensified concerns about slowing AI demand, oversupply and weaker memory pricing across the sector. Chip Stocks Selloff as SK hynix Earnings Disappoint
• Negative Sentiment: CXMT’s surge following its Shanghai IPO raised fears that China could expand DRAM production and eventually pressure Micron’s market share, pricing power and margins. Why Micron Stock Dropped Again Today
• Negative Sentiment: Broader risk aversion is also weighing on MU as oil prices rise, geopolitical tensions increase and investors await the Federal Reserve’s policy decision. A break below key technical support has encouraged additional selling. Oil Surge and Nasdaq Decline Ahead of Fed Decision
• Negative Sentiment: Insider selling has added a modest cautionary signal: CEO Sanjay Mehrotra sold approximately $37.3 million of shares, while Chief Accounting Officer Scott Allen sold 879 shares. These transactions may reflect routine diversification but attract attention during the selloff.

Micron Technology Trading Down 9.9%

The stock has a 50-day moving average price of $973.08 and a two-hundred day moving average price of $632.05. The stock has a market capitalization of $834.62 billion, a PE ratio of 16.73 and a beta of 2.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

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, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same period in the prior year, the firm posted $1.91 EPS. The firm’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Hedge Funds Weigh In On Micron Technology

Several large investors have recently made changes to their positions in the business. M.E. Allison & CO. Inc. lifted its holdings in Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC raised its position in shares of Micron Technology by 1.4% during the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after buying an additional 13 shares during the last quarter. Red Door Wealth Management LLC lifted its holdings in shares of Micron Technology by 0.7% in the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after buying an additional 14 shares in the last quarter. Signature Equity Partners LLC lifted its holdings in shares of Micron Technology by 6.3% in the first quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock worth $86,000 after buying an additional 15 shares in the last quarter. Finally, Madrona Financial Services LLC boosted its position in shares of Micron Technology by 1.0% during the second quarter. Madrona Financial Services LLC now owns 1,543 shares of the semiconductor manufacturer’s stock worth $1,781,000 after acquiring an additional 16 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

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.