Micron Technology (NASDAQ:MU) Trading Down 4.7% After Insider Selling

Micron Technology, Inc. (NASDAQ:MU)’s share price fell 4.7% on Tuesday following insider selling activity. The stock traded as low as $891.66 and last traded at $938.38. Approximately 51,605,804 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 45,964,188 shares. The stock had previously closed at $984.75.

Specifically, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lynn A. Dugle sold 1,300 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. This trade represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analysts Set New Price Targets

Several equities analysts recently commented on MU shares. Deutsche Bank Aktiengesellschaft upped their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Royal Bank Of Canada lifted their price target on Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Melius Research initiated coverage on shares of Micron Technology in a research note on Monday, April 27th. They set a “buy” rating and a $700.00 price objective for the company. Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $1,263.76.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron signed a long-term strategic supply agreement with Ford, adding revenue visibility and reinforcing demand for its automotive memory products. Reuters: Micron, Ford sign semiconductor supply agreement for vehicles
• Positive Sentiment: Several articles highlighted Micron’s record quarterly revenue, soaring AI-driven demand, and exceptionally high margins, supporting the bullish long-term earnings case. Motley Fool: Micron Stock Is Down 22% From Its High
• Positive Sentiment: Analysts remained constructive, with firms such as BofA, KeyCorp, and Phillip Securities reiterating bullish calls and sharply raising price targets on MU. Insider Monkey: Phillip Securities Raises Price Target For Micron Technology
• Neutral Sentiment: Micron’s latest quarterly report and guidance continue to show explosive growth, but much of that optimism was already priced into the stock after a huge run-up. MarketBeat: Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore
• Neutral Sentiment: SK Hynix’s planned Nasdaq listing could intensify competition and reshape the AI memory trade, but it also underscores how hot demand for HBM memory remains. MarketBeat: SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
• Negative Sentiment: Micron shares were hit by a broader memory-chip selloff tied to Samsung’s results, with investors worrying the cycle may be nearing a top and that recent gains were overextended. MarketWatch: Micron’s stock falls as investors wonder if the memory market is near the top
• Negative Sentiment: Heavy insider selling, including EVP April Arnzen’s 40,000-share sale, added to near-term caution around valuation. InsiderTrades: Micron Technology EVP April Arnzen Sells 40,000 Shares

Micron Technology Price Performance

The company has a 50 day simple moving average of $876.93 and a 200 day simple moving average of $554.99. The company has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 21.24 and a beta of 2.14. 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 issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 72.94 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 1.36%.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds have recently made changes to their positions in MU. GK Wealth Management LLC acquired a new position in shares of Micron Technology in the 2nd quarter worth approximately $6,505,000. BDF Gestion grew its position in shares of Micron Technology by 13.0% during the 2nd quarter. BDF Gestion now owns 19,119 shares of the semiconductor manufacturer’s stock valued at $22,069,000 after buying an additional 2,203 shares during the last quarter. GAMMA Investing LLC boosted its position in Micron Technology by 18.7% during the 2nd quarter. GAMMA Investing LLC now owns 33,841 shares of the semiconductor manufacturer’s stock valued at $39,062,000 after purchasing an additional 5,334 shares during the period. Harbor Investment Advisory LLC increased its holdings in shares of Micron Technology by 54.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,979 shares of the semiconductor manufacturer’s stock worth $2,284,000 after acquiring an additional 701 shares during the period. Finally, Calder Financial LLC raised its holdings in shares of Micron Technology by 38.7% during the second quarter. Calder Financial LLC now owns 1,139 shares of the semiconductor manufacturer’s stock valued at $1,315,000 after buying an additional 318 shares during the last quarter. Hedge funds and other 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.