Micron Technology (NASDAQ:MU) Stock Price Down 7% - Should You Sell?
Shares of Micron Technology, Inc. ( NASDAQ:MU - Get Free Report ) traded down 7% during mid-day trading on Tuesday . The company traded as low as $926. 64 and last traded at $940. 76. Approximately 36,675,707. . .
Shares of Micron Technology, Inc. (NASDAQ:MU-Get Free Report) traded down 7% during mid-day trading on Tuesday . The company traded as low as $926. 64 and last traded at $940. 76. Approximately 36,675,707 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 45,182,379 shares. The stock had previously closed at $1,011. 75. GetMicron Technologyalerts:Micron Technology News SummaryUncle Sam’s Chip Trick: How the Government Built a Silicon MoatHere are the key news stories impacting Micron Technology this week:Positive Sentiment:Bank of America reiterated itsBuyrating and maintained a $1,550 price target, arguing that fears of a peak in Micron’s earnings cycle are overstated. The firm projects substantial long-term EPS growth as high-bandwidth memory (HBM) demand expands. Analyst issues new Micron stock price targetPositive Sentiment:U. S. pressure on Apple and other technology companies to avoid Chinese memory suppliers could strengthen Micron’s competitive position, pricing power and access to long-term domestic contracts. AI-related HBM demand remains a structural growth driver, with Micron’s recent results showing exceptional revenue and margin expansion. Uncle Sam’s Chip Trick: How the Government Built a Silicon MoatNeutral Sentiment:Second-quarter 13F filings showed mixed institutional sentiment. David Tepper’s Appaloosa reduced its Micron position by 41%, while other funds made varied adjustments. The selling may reflect profit-taking after MU’s major year-to-date advance rather than a change in the company’s fundamentals. Micron draws mixed hedge fund moves in Q2Negative Sentiment:Memory stocks sold off broadly as higher bond yields and concerns about AI infrastructure funding pressured the sector. The retreat followed an unusually strong rally, leaving investors concerned that elevated expectations may already discount much of the HBM boom. AI chip stocks were riding high. Here's why Micron and others are now pulling back. Negative Sentiment:A report suggesting Nvidia may reduce memory content in a future Rubin Ultra platform raised questions about the durability of Micron’s HBM growth opportunity. Although demand currently exceeds supply, any reduction in memory intensity or weaker AI spending could increase downside risk. Nvidia Is Cutting Rubin Ultra's Memory. Is Micron's HBM Boom in Danger?Analysts Set New Price TargetsA number of brokerages have commented on MU. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $1,500. 00 price target on shares of Micron Technology in a research report on Thursday, June 25th. Wolfe Research set a $1,500. 00 price objective on Micron Technology in a research note on Thursday, June 25th. Mizuho lifted their target price on Micron Technology from $1,150. 00 to $1,375. 00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. UBS Group reiterated a "buy" rating on shares of Micron Technology in a research report on Monday, August 10th. Finally, Royal Bank Of Canada increased their price target on shares of Micron Technology from $1,200. 00 to $1,500. 00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $1,259. 97. Asian Market Circuit Breakers Hit Stocks, Not AI DemandCheck Out Our Latest Stock Report on MUMicron Technology Trading Down 7. 0%The firm has a market cap of $1. 06 trillion, a price-to-earnings ratio of 21. 31 and a beta of 2. 19. The company has a fifty day moving average price of $966. 74 and a 200-day moving average price of $683. 34. The company has a current ratio of 3. 42, a quick ratio of 2. 98 and a debt-to-equity ratio of 0. 05. AMD’s Helios Launch Could Create Winners Beyond AMD StockMicron Technology (NASDAQ:MU-Get Free Report) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25. 11 EPS for the quarter, topping the consensus estimate of $21. 39 by $3. 72. The firm had revenue of $41. 46 billion for 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%. Micron Technology's revenue for the quarter was up 345. 8% compared to the same quarter last year. During the same period last year, the company earned $1. 91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30. 000-32. 000 EPS. As a group, research analysts expect that Micron Technology, Inc. will post 72. 93 EPS for the current year. Micron Technology Announces DividendThe company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid a $0. 15 dividend. This represents a $0. 60 annualized dividend and a dividend yield of 0. 1%. The ex-dividend date was Monday, July 6th. Micron Technology's payout ratio is currently 1. 36%. Insider ActivityIn related news, EVPApril S. Arnzensold 40,000 shares of the firm's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083. 94, for a total transaction of $43,357,600. 00. Following the sale, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763. 78. This trade represents a 31. 81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed throughthis hyperlink. Also, DirectorLynn A. Duglesold 1,300 shares of Micron Technology stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150. 43, for a total transaction of $1,495,559. 00. Following the completion of the transaction, the director directly owned 17,728 shares of the company's stock, valued at $20,394,823. 04. The trade was a 6. 83% decrease in their position. Additional details regarding this sale are available in theofficial SEC disclosure. Over the last three months, insiders sold 162,179 shares of company stock valued at $167,811,861. 0. 24% of the stock is currently owned by corporate insiders. Institutional Trading of Micron TechnologySeveral institutional investors have recently bought and sold shares of the business. Ratan Capital Management LP purchased a new position in shares of Micron Technology during the 2nd quarter valued at approximately $15,006,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Micron Technology by 2. 0% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 100,262 shares of the semiconductor manufacturer's stock worth $115,377,000 after acquiring an additional 1,920 shares in the last quarter. Strait & Sound Wealth Management LLC raised its position in Micron Technology by 12. 5% during the second quarter. Strait & Sound Wealth Management LLC now owns 712 shares of the semiconductor manufacturer's stock worth $822,000 after acquiring an additional 79 shares during the period. Rakuten Investment Management Inc. lifted its holdings in Micron Technology by 12. 6% during the second quarter. Rakuten Investment Management Inc. now owns 299,691 shares of the semiconductor manufacturer's stock valued at $343,230,000 after purchasing an additional 33,595 shares in the last quarter. Finally, RB Capital Management LLC purchased a new position in Micron Technology during the second quarter valued at $214,000. 80. 84% of the stock is owned by institutional investors and hedge funds. About Micron Technology(Get Free Report)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. Further ReadingFive stocks we like better than Micron TechnologyThe AI Boom Is Turning This Cable Maker Into a Stock to WatchA Star Investor Just Trimmed Amazon—Here's What It meansWendy’s Deal Buzz May Give Fast-Food Investors a New Reason to LookHome Depot Analysts See a Path to $375 and BeyondThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in Micron Technology Right Now?Before you consider Micron Technology, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and Micron Technology wasn't on the list. While Micron Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks HereThe space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important. Get This Free Report