Micron Technology, Inc. (NASDAQ:MU – Get Free Report)’s share price was up 3.2% during mid-day trading on Thursday . The stock traded as high as $1,011.77 and last traded at $990.21. 39,678,403 shares traded hands during trading, a decline of 13% from the average daily volume of 45,664,789 shares. The stock had previously closed at $959.48.
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Alphabet’s increased capex outlook reinforced expectations for continued AI infrastructure demand, which is positive for Micron’s memory-chip business and has helped lift the stock. Micron stock gains 3%: how is the company benefiting from Alphabet and Tesla earnings
- Positive Sentiment: Elon Musk publicly thanked Micron during Tesla’s earnings call, adding a high-profile endorsement that investors are interpreting as a bullish signal for demand and industry relevance. Elon Musk’s Unexpected Micron Moment — A Strange Twist in Tesla’s Earnings Call
- Positive Sentiment: Memory-chip prices and related ETFs are rising, suggesting the industry’s upcycle may be strengthening and supporting Micron’s revenue and margin outlook. DRAM ETF inflows rise as Micron, SanDisk, SK Hynix, Samsung lead rally amid risks
- Positive Sentiment: Micron’s strong quarterly results, including a sharp increase in gross margin and revenue growth, continue to back the bullish thesis that the company is benefiting from an AI-driven memory cycle. Jim Cramer Still Loves Micron. Here Is the 1 Number That Shows Why He Is Right.
Analyst Ratings Changes
Several equities analysts have weighed in on MU shares. Needham & Company LLC raised their price objective on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Bank of America increased their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Citigroup boosted their price target on shares of Micron Technology from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Barclays upped their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $1,268.93.
Micron Technology Stock Performance
The firm has a market cap of $1.12 trillion, a PE ratio of 22.42 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. The company has a 50-day simple moving average of $958.06 and a two-hundred day simple moving average of $615.70.
Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. The firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business’s revenue was up 345.8% compared to the same quarter last year. During the same period last year, the firm posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.
Micron Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is currently 1.36%.
Insider Activity at Micron Technology
In related news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction that occurred on Tuesday, June 30th. The shares were 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 of the company’s stock, valued at approximately $20,394,823.04. The trade was a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 163,300 shares of company stock valued at $152,667,204 in the last three months. Insiders own 0.24% of the company’s stock.
Institutional Trading of Micron Technology
Several hedge funds have recently made changes to their positions in MU. Ramsey Quantitative Systems purchased a new stake in Micron Technology in the 2nd quarter worth about $46,000. Signature Resources Capital Management LLC raised its stake in Micron Technology by 1,125.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock valued at $57,000 after acquiring an additional 45 shares during the period. Davis Capital Management lifted its holdings in Micron Technology by 510.0% during the second quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer’s stock valued at $70,000 after purchasing an additional 51 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Micron Technology during the first quarter valued at about $27,000. Finally, High Note Wealth LLC boosted its position in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares during the period. 80.84% of the stock is currently owned by 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.
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