Micron Technology (NASDAQ:MU) Shares Up 6.3% – What’s Next?

Micron Technology, Inc. (NASDAQ:MU) shot up 6.3% during trading on Monday. The company traded as high as $744.74 and last traded at $733.15. 31,697,522 shares traded hands during trading, a decline of 21% from the average daily volume of 40,372,801 shares. The stock had previously closed at $690.00.

Trending Headlines about Micron Technology

These are some of the MU headlines that stood out recently:

• Positive Sentiment: CoreWeave beat earnings expectations and raised its 2026 revenue outlook, bolstering confidence in AI infrastructure investment. As a Micron customer, CoreWeave’s outlook is particularly relevant to demand for memory chips. Micron Stock Jumps as CoreWeave Outlook Eases AI Spending Fears
• Positive Sentiment: Micron is reportedly participating in a $1 billion investment in Anthropic, part of a broader supplier investment tied to the AI company. The news adds to investor attention on Micron’s exposure to AI growth. Micron Stocks Jump as Memory Rebound Meets Anthropic Placement
• Positive Sentiment: Several analysts and commentators see substantial upside, citing Micron’s low valuation relative to expected earnings, strong memory demand, and potential pricing power. Goldman Sachs reiterated a $1,250 price target. Goldman Calls Micron a Screaming Buy

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. DA Davidson increased their price target 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. Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $1,900.00 price objective on shares of Micron Technology in a research note on Thursday, October 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Finally, William Blair set a $1,300.00 target price on Micron Technology in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Trading Up 11.9%

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 stock has a market capitalization of $917.92 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 0.13 and a beta of 2.36. The business has a 50 day simple moving average of $952.93 and a 200-day simple moving average of $758.35.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS 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 business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the company posted $3.03 earnings per share. The firm’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 175.22 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Wednesday, October 14th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is 0.81%.

Insider Activity at Micron Technology

In other news, insider Scott J. Deboer sold 28,545 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 83,545 shares of company stock valued at $78,460,850. 0.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

Several institutional investors have recently bought and sold shares of MU. Mayflower Financial Advisors LLC grew its stake in Micron Technology by 7.1% in the third quarter. Mayflower Financial Advisors LLC now owns 3,255 shares of the semiconductor manufacturer’s stock valued at $3,467,000 after purchasing an additional 217 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Micron Technology in the 3rd quarter valued at about $82,458,000. Edmond DE Rothschild Holding S.A. lifted its position in shares of Micron Technology by 137.6% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 26,760 shares of the semiconductor manufacturer’s stock worth $28,502,000 after purchasing an additional 15,499 shares in the last quarter. GW&K Investment Management LLC lifted its position in shares of Micron Technology by 3.5% during the 3rd quarter. GW&K Investment Management LLC now owns 21,829 shares of the semiconductor manufacturer’s stock worth $23,250,000 after buying an additional 730 shares during the last quarter. Finally, Alteri Wealth LLC increased its holdings in shares of Micron Technology by 17.5% in the third quarter. Alteri Wealth LLC now owns 3,203 shares of the semiconductor manufacturer’s stock valued at $3,411,000 after purchasing an additional 477 shares during the period. Institutional investors own 80.84% of the company’s stock.

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.