Micron Technology (NASDAQ:MU) Trading Up 6.1% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU)’s share price traded up 6.1% during trading on Friday . The stock traded as high as $1,017.77 and last traded at $1,016.59. Approximately 34,785,443 shares changed hands during trading, a decline of 20% from the average daily volume of 43,670,621 shares. The stock had previously closed at $958.16.

Micron Technology News Roundup

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

• Positive Sentiment: AI infrastructure spending is supporting demand for high-bandwidth memory (HBM), DRAM and NAND. Reports suggest hyperscalers are reserving advanced memory supply years in advance, reinforcing the view that Micron’s current upcycle could last longer than traditional memory cycles. Micron: The AI Memory Shortage Has Spread Beyond HBM
• Positive Sentiment: Micron’s 16 strategic customer agreements, including contracts with pricing floors or bands extending through 2030, could provide better revenue visibility and margin protection than in prior memory cycles. That is helping investors view advanced memory as strategic AI infrastructure rather than a purely spot-priced commodity. Micron’s 16 Contracts Reveal the Next AI Bottleneck
• Positive Sentiment: Memory stocks are leading the broader market as renewed enthusiasm for AI infrastructure, the launch of a new OpenAI model and expectations for continued semiconductor spending boost the group. Lynx Equity Strategies also maintains a bullish outlook and a $1,325 price target for Micron. Lynx Equity sees Micron and SanDisk breakout as volatility normalizes

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology in a research note on Monday, June 22nd. BMO Capital Markets initiated coverage on shares of Micron Technology in a report on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 price objective on the stock. 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 research report on Thursday, June 25th. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Finally, Stifel Nicolaus increased their price target on Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $1,295.63.

Micron Technology Trading Up 6.1%

The stock has a market cap of $1.15 trillion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 0.61 and a beta of 2.22. The firm’s 50 day simple moving average is $937.47 and its two-hundred day simple moving average is $732.52. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s quarterly revenue was up 345.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 85,737 shares of the company’s stock, valued at $92,933,763.78. This represents a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Montgomery Financial Services LLC acquired a new position in Micron Technology during the 2nd quarter worth $38,000. JNBA Financial Advisors lifted its holdings in Micron Technology by 77.3% in the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 17 shares during the period. Ramsey Quantitative Systems acquired a new stake in Micron Technology in the second quarter worth about $46,000. RHL Group LLC bought a new position in Micron Technology in the 2nd quarter valued at about $47,000. Finally, Philadelphia Investment Partners LLC bought a new position in Micron Technology in the 2nd quarter valued at about $54,000. Institutional investors own 80.84% of the company’s stock.

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.