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Characteristics and Risks of Standardized Options: https://bit.ly/2v9tH6D. Joe Mazzola and Tom White discuss Micron (MU) after the stock fell more than 25% this month.

Wall Street knows that Micron Technology (MU -5.90%) more than quadrupled its revenue year over year in its fiscal 2026 third quarter. It also notes that Micron guided to $50 billion in revenue for the fiscal fourth quarter, suggesting more than 20% sequential growth.

The stock has plunged since Micron reported earnings, and it's more than 27% off all-time highs. It's a sign that Wall Street continues to underestimate Micron. Here's why the bears are wrong.

Image source: Getty Images

Multiyear deals break the cyclical narrative The biggest hurdle for Micron is that it operates in a cyclical industry. Memory chip shortages can quickly turn into inventory gluts that erode profit margins and cause revenue to crater.

Today's Change

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-5.90

%) $

-51.63

Current Price

$

823.03

Wall Street is worried about a repeat of Micron's fiscal 2023. During that fiscal year, consumer demand for smartphones and PCs plunged, and memory chip shortages turned into inventory gluts. That resulted in a sharp decrease in memory chip prices, which translated into Micron reporting a nearly 50% year-over-year revenue decline.

The big fear is that AI infrastructure will slow down, and Micron's sales will plunge. Guidance suggests the opposite, but investors are more worried about fiscal 2027 and fiscal 2028.

However, Wall Street seems to be overlooking Micron's new multiyear Strategic Customer Agreements, which "significantly enhance the durability and predictability of Micron's strong financial performance," per the company's Q3 FY26 press release.

AI demand is still in its early innings Tech giants are scrambling to build their own data centers, secure long-term leases for existing data centers, and raise their capital expenditures whenever they can. This activity does not suggest artificial intelligence spending is slowing down anytime soon. In fact, it implies the opposite.

Artificial intelligence already powers products like ChatGPT and Gemini, which attract many users. This technology is also the bedrock for humanoid robots and autonomous vehicles. As demand for any of those products increases, tech leaders will have to buy more of Micron's chips.

The artificial intelligence market is projected to maintain a 30.6% compound annual growth rate (CAGR) through 2033. While rampant AI capital expenditures are relatively new and Wall Street wonders how long the music will last, Micron has already implied there are multiple years left.

One important thing to note is that AI is already producing products and services people use. Many people are upgrading to paid versions of AI models like Claude and Grok. Agentic AI is gaining momentum because it's a valuable resource for enterprises and consumers.

Micron's memory chips put it at the center of the AI boom. The industry is set to grow, affect many sectors, and introduce new products and services that can quickly become mainstream. That's not the type of opportunity Wall Street should bet against for long.

Micron Technology (MU -4.36%) has been one of the hottest performers on the stock market over the past year, but its shares have witnessed a substantial pullback after reaching a 52-week high on June 25.

Specifically, Micron stock is down nearly 28% from its 52-week high. This steep slide in the memory specialist's shares is quite surprising when we consider that it reported incredible results toward the end of June, along with impressive guidance. Clearly, external factors are impacting this high-growth company.

Let's take a closer look at them and consider what investors can do with Micron stock following its pullback.

Image source: Micron Technology.

These factors have been pushing Micron stock down lately While the fundamentals powering Micron's growth haven't changed, news that the company could now face competition from Chinese state-backed memory company ChangXin Memory Technologies, or CXMT, has spooked investors lately. CXMT recently went public in China, and it is worth noting that Apple has reportedly applied for permission to purchase memory from it.

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-38.17

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836.49

Moreover, China is reportedly making advanced chipmaking equipment, which could threaten the dominance of South Korean and U.S.-based memory manufacturers, including Micron. At the same time, persistent concerns about the viability of the huge sums being spent by big tech companies on developing artificial intelligence (AI) infrastructure have also weighed on Micron stock.

So, Micron has been caught in a whirlpool of negative news lately, causing the stock to tumble. However, savvy investors should look past the noise and focus on the primary factor that has made Micron a multibagger investment over the past year or so -- the memory market's fundamentals.

Favorable memory demand-supply dynamics will help the stock regain its mojo While the market may be having second thoughts about Micron amid intensifying competition and potential overspending on AI infrastructure, analysts remain bullish on its prospects. This is evidenced by the following chart, which shows that analysts have consistently increased their long-term earnings-per-share growth estimates for the company.

Data by YCharts

It is easy to see why that's the case. Memory demand significantly outpaces supply, primarily due to the massive memory needs of AI data centers, which require faster compute and large amounts of storage. SK Hynix projects that memory wafer demand will be 20% higher than supply until 2030, and the company also adds that the shortage could persist into the next decade.

So, even if Chinese memory manufacturers bring more supply to the market, undersupply is likely to persist. After all, shipments of personal computers and smartphones are taking a hit due to higher memory prices and limited supply, creating pent-up demand in these markets. So, Micron's addressable market remains robust, and that's precisely why the company's earnings growth is projected to remain strong over the long run.

So, savvy investors can consider using the recent pullback in Micron to buy more shares, as it trades at just 19.5 times earnings. The forward earnings multiple of 5.4 is even more attractive, indicating that Micron is extremely undervalued when the company's impressive growth potential is considered. All this makes this AI stock a no-brainer buy, especially given that it is showing signs of stepping on the gas again after an 18% pop on July 30.

Apple and Amazon are both being hurt by higher memory prices.

Micron (MU -0.65%) is gaining from surging AI memory demand, constrained supply, and longer customer commitments. The key question is whether those forces can make its earnings more predictable and unlock a higher valuation.

Stock prices used were the market prices of July 11, 2026. The video was published on July 29, 2026.

Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Most AI conversations these days revolve around processors like Nvidia's. But a crisis is unfolding underneath the boom, and it may prove just as important for investors. The world is running short on memory chips, the components that store the data AI systems devour, and the shortage is not winding down. If anything, it is just getting started. Here is why, and who stands to win.

The heart of the problem is a special kind of memory called high-bandwidth memory, or HBM, which sits beside AI chips and feeds them data. Each new generation of AI hardware demands far more of it, and here is the crucial twist: Making HBM is enormously capacity-hungry. A gigabyte of HBM consumes roughly 3 times as much factory space as an equivalent amount of ordinary memory. So, as the three big manufacturers direct their production toward high-margin HBM, they are starving the supply of everything else.

That is why analysts now expect memory prices to keep climbing into 2028, with one memory giant warning the crunch could stretch past 2030. New factories take years to build, and the capacity coming online will barely keep pace with demand. Simply put, the supply-demand gap is widening, not closing.

Image source: Getty Images.

The shortage is spreading What began as an HBM problem has bled into the entire memory market. Prices for conventional memory jumped 55% to 60% in a single quarter recently, and some DRAM prices have more than doubled from a year ago. Memory revenue is on track to reach roughly $200 billion this year, about a quarter of all semiconductor sales.

You can even see the ripple in everyday gadgets. Memory now accounts for a growing share of a smartphone's cost, and rising prices are expected to shrink both phone and PC shipments this year. When a shortage starts reshaping the devices in your pocket, it has clearly outgrown its niche.

The obvious beneficiaries are the companies that make the scarce product and now enjoy real pricing power. SK Hynix (SKHY +17.52%) leads in HBM and supplies the biggest AI customers. Micron Technology (MU +18.36%) is the U.S. champion, having sold out its advanced memory well into the future. Samsung Electronics rounds out the dominant trio. On the storage side, flash-memory makers like Sandisk (SNDK +25.99%) ride the same wave. For investors who would rather own the whole group in one holding, the Roundhill Memory ETF (DRAM +16.70%) bundles these names together.

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1,279.96

The appeal is simple. In a shortage, sellers set the terms, and these companies lock in multiyear contracts at rich prices that flow straight to profit. I would not mistake a shortage for a permanent state of affairs, though. Memory is the most cyclical corner of the chip world, and every shortage in the past has eventually ended when new capacity floods in and prices collapse. These stocks have already surged and are volatile, and the same discipline creating today's scarcity could reverse into oversupply down the road. The idea that "this time is different" has bankrupted plenty of memory investors before.

Today's Change

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17.52

%) $

22.21

Current Price

$

149.00

The takeaway for investors The AI memory shortage is a powerful, multiyear tailwind that still looks early in its life, and the memory makers are the clearest way to play it. I think owning the leaders makes sense for investors who believe AI's appetite for data will continue to outrun supply. I also think owning the basket, like through the Roundhill Memory ETF, is another great, safe option for exposure. Just hold the position with your eyes open, sizing it for the boom-and-bust nature of the business, because the surest way to lose money in memory is to assume the good times never end.

Micron stock was building on huge gains from the previous day as Apple and Amazon confirmed there's no end in sight to the memory-chip shortage.

Micron Technology Inc (NASDAQ:MU) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.

Understanding the Power Inflow Signal

Order flow analytics analyze real-time buying and selling trends by examining the volume, timing, and order size across both retail and institutional traders. These insights offer a more detailed understanding of price behavior and market sentiment for a stock, allowing the trader or institution to make the most informed decision possible.

MU Performance

At the time of the Power Inflow, MU was priced at $823.75. Following the signal:

• Intraday High: $882.49 (+7.13%)

This article is for informational purposes only and does not constitute financial advice, investment recommendations, or a solicitation to buy or sell securities. The analysis is based on stock order flow data, but accuracy is not guaranteed. Investing involves risk, including possible loss of principal, and past performance is not indicative of future results. Please consult a licensed financial advisor before making any investment decisions.

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Key Takeaways Micron, NVIDIA and TD SYNNEX passed profitability screens with strong net income ratios. MU pairs a 55.9% net profit margin with projected earnings growth of 791% this year. NVIDIA and SNX combine solid profitability with strong earnings growth expectations. With August, a relatively volatile month for the stock market, approaching, investors should focus on companies that generate consistently strong returns after covering both operating and non-operating expenses. These companies are generally better positioned to navigate periods of market volatility than those that incur losses. To evaluate a company’s profitability, investors often rely on profitability ratios that measure a company’s ability to generate sustainable bottom-line performance. 

Against this backdrop, Micron Technology, Inc. (MU - Free Report) , NVIDIA Corporation (NVDA - Free Report) and TD SYNNEX Corporation (SNX - Free Report) emerge as leading profitable stocks, supported by strong net income ratios and solid growth prospects. 

Net Income Ratio: A Key Measure of ProfitabilityThe net income ratio is a key indicator of a company’s overall profitability. It reflects the percentage of net income relative to total sales revenues. Using the net income ratio, one can determine a firm’s ability to cover operating and non-operating expenses with revenues. A higher net income ratio usually implies a company’s ability to generate sufficient revenues and manage all business functions effectively. 

Stock Screening Criteria Using Research WizardThe net income ratio is not the only indicator of future winners. So, we have added a few more criteria to arrive at a winning strategy. 

Zacks Rank equal to #1: Whether the market is good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here. 

Trailing 12-Month Sales and Net Income Growth Higher than X Industry: Stocks that have witnessed higher-than-industry sales and net income growth in the past 12 months are positioned to perform well. 

Trailing 12-Month Net Income Ratio Higher than X Industry: A high net income ratio indicates a company’s solid profitability. 

Percentage Rating Strong Buy greater than 70: This indicates that 70% of the current broker recommendations for the stock are Strong Buy. 

These few parameters have narrowed the universe of more than 7,685 stocks to only 13. 

Here are three of the 13 stocks that qualified for the screening:

Micron TechnologyMicron Technology is a provider of memory and storage products globally. The 12-month net profit margin of MU is 55.9%. Micron’s expected earnings growth rate for the current year is 791% (read more: 2 AI Infrastructure Stocks That Could Outperform NVIDIA).

NVIDIA NVIDIA is a global computing infrastructure company offering graphics, compute, and networking solutions. The 12-month net profit margin of NVDA is 63%. NVIDIA’s expected earnings growth rate for the current year is 90.6% (read more: Missed NVIDIA? This AI Infrastructure Stock Has More Room to Run).

TD SYNNEX TD SYNNEX operates as a global IT distributor and solutions aggregator. The 12-month net profit margin of SNX is 1.6%. TD SYNNEX’s expected earnings growth rate for the current year is 42.9%.

Micron Technology, Inc. has declined ~26% from the previously assigned target price, driven by sentiment-driven selling rather than fundamentals, creating a potential short-term reversal opportunity. MU continues having robust fundamentals with ~$100B in strategic customer agreements, supporting high revenue visibility and profitability over the next five years, alongside its ~$50B Q4 revenue outlook. Elevated option premiums and volatility enable attractive covered call and protective put strategies for active investors seeking asymmetric risk-reward.

Microsoft is spending heavily on AI but is also taking a “responsible” approach to its financials, an analyst said.

Is Micron (MU +16.84%) stock just a momentum stock now?

It kind of feels like it. After falling more than 25% over the past four trading days, shares of the semiconductor memory stock took off like a rocket this morning, surging 9.6% through 9:40 a.m. ET.

The reason for this, says HSBC, is competing "narratives" about what's going on in artificial intelligence.

Image source: Getty Images.

Everybody's got an opinion According to one theory, explains analyst Alastair Pinder, high profit margins at Micron and similar memory stocks have attracted the attention of China, which plans to flood the market with cheap, mass-produced memory chips, undercut Micron's pricing, and steal Micron's market share.

The recent IPO of Chinese DRAM manufacturer CXMT, raising $8.5 billion in cash for production expansion, supports this theory.

Roughly 20% of recent market volatility is explained by this theory, according to Pinder. A second theory, accounting for about 26% of volatility, is called "AI positioning capitulation." Here, investors frustrated by the constant spikes and slumps in semiconductor stocks are simply exiting the sector to invest in more defensive stocks such as pharmaceuticals. Combined, these two prevalent theories help explain much of the selling in semiconductors we've seen over the past few days.

Today's Change

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863.45

Today's most popular opinion But now here's the theory that has investors excited about semiconductors, and memory stocks especially, this morning:

37% of market volatility, says Pinder, comes from the theory that AI hyperscalers -- giant tech companies such as Google, OpenAI and Anthropic --are overspending on AI capacity. These companies will have a tough time when they finally realize they can't generate enough revenue to justify their investments. In the meantime, though, Micron will make out like a bandit selling them overpriced memory chips!

That's bad news for them. It's great news for Micron, though.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy.

Posted by Defense World Staff on Jul 30th, 2026

Shares of Micron Technology, Inc. (NASDAQ:MU – Get Free Report) have been assigned a consensus rating of “Buy” from the thirty-seven brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $1,268.9310.

MU has been the subject of several recent analyst reports. Raymond James Financial raised their target price on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Susquehanna boosted their target price on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research note on Thursday, June 25th. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th.

Read Our Latest Stock Analysis on MU

Micron Technology Trading Down 9.9% Shares of NASDAQ MU opened at $739.00 on Thursday. 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 has a 12 month low of $103.38 and a 12 month high of $1,255.00. The company has a market cap of $834.62 billion, a price-to-earnings ratio of 16.73 and a beta of 2.14. The business has a fifty day simple moving average of $973.22 and a 200-day simple moving average of $634.95.

Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion for 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%.Micron Technology’s revenue was up 345.8% on a year-over-year basis. During the same quarter last year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts predict that Micron Technology will post 72.93 EPS for the current year.

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

Insider Activity at Micron Technology In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the sale, the chief executive officer owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. The trade was a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 204,179 shares of company stock valued at $190,836,321. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology A number of hedge funds have recently modified their holdings of the stock. 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 valued at $25,000 after purchasing an additional 34 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Micron Technology in the 1st quarter worth about $27,000. Steigerwald Gordon & Koch Inc. increased its position in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the last quarter. Bayban purchased a new stake in shares of Micron Technology during the 4th quarter worth about $29,000. Finally, GHP Investment Advisors Inc. raised its stake in shares of Micron Technology by 91.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 52 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

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

Positive Sentiment: Micron’s fundamental outlook remains strong. Its latest quarter produced $41.46 billion in revenue, up 345.8% year over year, and EPS of $25.11, well above consensus. Analysts continue to cite robust high-bandwidth-memory demand, hyperscaler spending and long-term customer agreements as support for sustained earnings growth. Micron: AI Panic, But Memory Supercycle Isn’t Over Yet Positive Sentiment: Some analysts remain bullish after the selloff. Erste Group modestly raised its fiscal 2026 EPS forecast, while other research argues Micron’s contracted revenue base and AI exposure could support another major growth phase through 2030. Potential U.S. restrictions or tariffs on Chinese memory could also limit lower-cost competition and improve Micron’s pricing power. Chips and Clips: Memory Tariffs Rewire Tech Supply Chains Neutral Sentiment: Analysts broadly retain buy ratings, but the stock’s exceptional one-year rally has increased volatility and encouraged profit-taking. CME’s launch of extended-hours single-stock futures, including Micron contracts, may improve liquidity while enabling faster reactions to overnight semiconductor news. Negative Sentiment: The SK hynix results intensified a sector-wide memory selloff, as investors questioned whether AI infrastructure spending and memory pricing can remain at current levels. Broader market weakness—surging oil prices and uncertainty ahead of the Federal Reserve decision—has added pressure to high-beta technology shares. Nvidia, AMD, Micron Lead Chip Stocks Selloff Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) delivered a blockbuster IPO, reviving fears that Chinese DRAM production could eventually challenge Micron’s market share and pricing power. Technical selling also accelerated after MU broke below a key support level. Why Micron Stock Dropped Again Today Negative Sentiment: CEO Sanjay Mehrotra’s approximately $37 million stock sale and a smaller chief accounting officer sale have added to investor caution, although both executives retained substantial holdings. Micron Technology Company Profile (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.

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There's a new red-hot memory chip stock in town, ChangXin Memory Technologies (CXMT), a lesser-known Chinese company that most investors probably never heard of before its blockbuster IPO and 531% single-day surge, as well as reports swirling around business with Apple (NASDAQ:AAPL | AAPL Price Prediction) as it looks to diversify beyond the Big Three memory makers amid the global supply crunch.

Micron Technology, Inc. (NASDAQ:MU – Get Free Report)’s stock price traded down 9.9% on Wednesday following insider selling activity. The stock traded as low as $737.88 and last traded at $739.00. 66,521,459 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 45,897,309 shares. The stock had previously closed at $820.53.

Specifically, CEO Sanjay Mehrotra sold 31,285 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $926.83, for a total value of $28,995,876.55. Following the completion of the transaction, the chief executive officer owned 313,218 shares in the company, valued at approximately $290,299,838.94. This represents a 9.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 8,715 shares of Micron Technology stock in a transaction on Friday, July 24th. The stock was sold at an average price of $951.72, for a total transaction of $8,294,239.80. Following the sale, the chief executive officer owned 304,503 shares in the company, valued at $289,801,595.16. This represents a 2.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In related news, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades Several equities analysts have issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research report on Monday, July 20th. Wolfe Research set a $1,500.00 target price on Micron Technology in a report on Thursday, June 25th. Stifel Nicolaus upped their target price on Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, DA Davidson raised their price target on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $1,268.93.

Get Our Latest Stock Report on Micron Technology

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

Positive Sentiment: Micron’s fundamental outlook remains strong. Its latest quarter produced $41.46 billion in revenue, up 345.8% year over year, and EPS of $25.11, well above consensus. Analysts continue to cite robust high-bandwidth-memory demand, hyperscaler spending and long-term customer agreements as support for sustained earnings growth. Micron: AI Panic, But Memory Supercycle Isn’t Over Yet Positive Sentiment: Some analysts remain bullish after the selloff. Erste Group modestly raised its fiscal 2026 EPS forecast, while other research argues Micron’s contracted revenue base and AI exposure could support another major growth phase through 2030. Potential U.S. restrictions or tariffs on Chinese memory could also limit lower-cost competition and improve Micron’s pricing power. Chips and Clips: Memory Tariffs Rewire Tech Supply Chains Neutral Sentiment: Analysts broadly retain buy ratings, but the stock’s exceptional one-year rally has increased volatility and encouraged profit-taking. CME’s launch of extended-hours single-stock futures, including Micron contracts, may improve liquidity while enabling faster reactions to overnight semiconductor news. Negative Sentiment: The SK hynix results intensified a sector-wide memory selloff, as investors questioned whether AI infrastructure spending and memory pricing can remain at current levels. Broader market weakness—surging oil prices and uncertainty ahead of the Federal Reserve decision—has added pressure to high-beta technology shares. Nvidia, AMD, Micron Lead Chip Stocks Selloff Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) delivered a blockbuster IPO, reviving fears that Chinese DRAM production could eventually challenge Micron’s market share and pricing power. Technical selling also accelerated after MU broke below a key support level. Why Micron Stock Dropped Again Today Negative Sentiment: CEO Sanjay Mehrotra’s approximately $37 million stock sale and a smaller chief accounting officer sale have added to investor caution, although both executives retained substantial holdings. Micron Technology Stock Down 9.9% The firm has a market capitalization of $834.62 billion, a PE ratio of 16.73 and a beta of 2.14. The business’s fifty day moving average price is $973.22 and its 200 day moving average price is $634.95. 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 – Get Free Report) last released its quarterly 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 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%.The business’s revenue was up 345.8% on a year-over-year basis. During the same quarter last year, the company posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders 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 dividend payout ratio (DPR) is 1.36%.

Institutional Inflows and Outflows A number of institutional investors have recently modified their holdings of MU. Heritage Trust Co boosted its holdings in shares of Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after purchasing an additional 1,323 shares during the last quarter. Castleark Management LLC acquired a new position in Micron Technology in the first quarter valued at $3,709,000. Financial Synergies Wealth Advisors Inc. acquired a new position in Micron Technology in the fourth quarter valued at $1,316,000. PKO BP BANKOWY Universal Pension Society JSC purchased a new position in Micron Technology during the fourth quarter worth about $61,306,000. Finally, Dara Capital US Inc. purchased a new position in Micron Technology during the fourth quarter worth about $2,926,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

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.

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Samsung ticked all the boxes in its earnings—a 1,814% surge in operating profit, record revenue and remarks suggesting the memory shortage will last through 2028.

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

Here are the key points:

For the 216 S&P 500 companies that have reported Q2 results, or 43.2% of the index’s total membership, total earnings are up +58.1% from the same period last year on +12.2% higher revenues, with 86.6% beating EPS estimates and 77.3% beating revenue estimates.This is a notably better showing from these 216 index members relative to other recent periods, both in terms of the earnings and revenue growth rates as well in terms of the beats percentages. The EPS and revenue beats percentages for these 216 index members are notably tracking above the averages for this group of companies over the preceding 20 quarters.The Q2 earnings and revenue growth rates have been boosted by Micron’s (MU) blockbuster quarterly results and Alphabet’s (GOOGL) unrealized gain on its SpaceX stake. However, the earnings and revenue growth rates would still compare favorably with other recent periods when we exclude Micron and Alphabet from these results. Excluding Micron and Alphabet, Q2 earnings for the remaining 214 index members that have reported Q2 results would be up +17.8% (vs. +58.1% otherwise) on +9.8% higher revenues (vs. +12.2% otherwise). For the Finance sector, we now have Q2 results from 69.7% of the sector’s market capitalization in the S&P 500 index. Total earnings for these Finance companies are up +25.1% from the same period last year on +16.2% higher revenues, with 87.3% of companies beating EPS estimates and 78.2% beating revenue estimates. This is a notably better performance from these Finance companies relative to what we have seen from the group in other recent periods.Broad Q2 Outperformance Sustains Positive Revisions Trend Despite Consumer Discretionary & Staples Drag

The Q2 earnings season continues to validate our bullish outlook on corporate earnings. An above-average percentage of companies are topping consensus top- and bottom-line estimates while offering constructive commentary for upcoming quarters.

This solid execution is sustaining a positive revisions trend, with Q3 earnings estimates rising across 8 of the 16 Zacks sectors since early July—extending the favorable momentum observed in recent quarters. Positive revisions have been particularly notable in Energy, Basic Materials, Tech, and Finance.

Conversely, 7 of the 16 Zacks sectors have seen their Q3 estimates revised lower this month, led by cuts in Consumer Staples, Consumer Discretionary, and Autos.

The pressure on Consumer Staples directly reflects the exhaustion of sector pricing power. Procter & Gamble’s (PG - Free Report) recent earnings miss and conservative outlook underscore escalating consumer pushback against price hikes, which had previously driven sales growth and margin expansion.

While everyday essentials typically provide steady defensive cash flows, budget-strained shoppers are increasingly migrating to private-label store brands or paring back unit purchases. P&G is hardly an isolated case—recent updates from Conagra Brands (CAG - Free Report) and PepsiCo (PEP - Free Report) confirm a broader industry pattern of weakened pricing power and stagnant volume growth.

The Earnings Big Picture

The chart below shows S&P 500 expectations for 2026 Q2 in terms of what was achieved in the preceding four periods and what is currently expected for the following three quarters.

Image Source: Zacks Investment Research

The chart below shows the overall earnings picture for the S&P 500 index on an annual basis.

Image Source: Zacks Investment Research

The chart below shows the significant contribution of the Tech sector to the aggregate growth picture. The chart also shows how critical Nvidia, Micron, and Alphabet are to the 2026 aggregate growth tally.

Image Source: Zacks Investment Research

Estimates for full-year 2026 have also been steadily going up, particularly since the start of March. The chart below shows the evolution of aggregate S&P 500 earnings estimates since last July.

Image Source: Zacks Investment Research

Full-year 2026 earnings estimates have increased for 11 of the 16 Zacks sectors since the start of March, with the most pronounced gains at the Energy, Basic Materials, Tech, Industrials, Utilities, and Business Services sectors. On the negative side, estimates have been under pressure for the Transportation, Autos, Medical, and Consumer Discretionary sectors since the start of March. History suggests that these favorable revisions will get a boost from the Q2 earnings season and updated management guidance.

Key Takeaways AI valuation concerns and surging capex are weighing on the technology sector.Semiconductor stocks lead the decline, with the SOX down nearly 18% over the past month.Tech weakness revives the case for global ETFs and broader portfolio diversification. Investor concerns over lofty AI valuations and escalating capex are nothing new. Investor sentiment toward companies tied to the AI trade has deteriorated sharply in recent weeks, extending the sector's downturn.

The tech-heavy Nasdaq Composite fell about 0.2% on Tuesday, extending its losses to roughly 1.5% over the past five trading sessions and 0.9% over the past month amid rising concerns over the sustainability of AI investments.

Semiconductor stocks have been among the hardest hit, with the performance of the Philadelphia Semiconductor Index (SOX) underscoring the heightened volatility among chipmakers. SOX fell about 4.5% in Tuesday's session, bringing its losses to approximately 9.8% over the past five trading sessions and 17.8% over the past month.

Semiconductor Slump DeepensAdding to the uncertainty, semiconductor stocks are increasingly being viewed as entering bear market territory. Semiconductor stocks seem to have fallen out of favor with investors, resulting in a sharp selloff across the industry.

According to a CNBC article, more than $1 trillion has been wiped off the market value of the world's largest chipmakers this week, reflecting rising concerns over the sustainability of AI spending. Per the article, NVIDIA (NVDA - Free Report) has led the selloff, losing about $238 billion in market capitalization since Friday's close, with Micron (MU - Free Report) losing $113 billion.

Questions Over Circular Financing GrowInvestor sentiment was also dampened by growing concerns over AI-related circular financing deals. NVDA shares came under pressure following reports that the company is discussing approximately $250 billion in financing guarantees for OpenAI to support a large-scale data center project, as per the Wall Street Journal and as quoted on Reuters.

The report added that the guarantee would not extend to NVIDIA chips deployed in the data center. However, financing for up to $350 billion in OpenAI's chip purchases is also reportedly being discussed, fueling concerns that AI infrastructure spending may be becoming increasingly circular.

Global ETFs to BuyIn the current market environment, diversifying beyond the technology sector may be worth considering. Diversification has been one of the most effective strategies for building resilient portfolios and providing a more balanced risk-return profile.

In many ways, diversification is no longer optional but is becoming a form of self-preservation in markets increasingly driven by heightened weakness in the AI trade and the broader tech sector. With U.S. equity markets heavily influenced by a handful of mega-cap technology stocks, adding global exposure can provide an additional layer of diversification.

International ETFsWith diversification emerging as a compelling strategy amid market uncertainty and weakness in the AI trade, expanding beyond U.S. markets can strengthen portfolio resilience and improve overall diversification.

Global ETFs offer investors broader geographic exposure, helping reduce concentration risk while creating a more balanced portfolio. In addition, international equity ETFs could also potentially boost risk-adjusted returns.

Investors can consider funds like Dimensional International Core Equity Market ETF (DFAI - Free Report) , Avantis International Equity ETF (AVDE - Free Report) and Schwab Fundamental International Equity ETF (FNDF - Free Report) .

Financials and industrials are the two largest sector allocations across all the funds, with each fund maintaining double-digit exposure to both sectors. Regarding annual fees, DFAI is the cheapest option, charging an annual fee of 0.18%. The above funds maintain well-diversified portfolios, with no single holding accounting for more than 3.5% of the portfolio.

Japan, the United Kingdom and Canada are among the top country allocations across the mentioned funds. FNDF is the largest option, with an asset base of $24.45 billion, while DFAI is the most liquid, with a one-month average trading volume of about 1.57 million shares.

International Value ETFsIn addition to providing broader geographic diversification, international funds with a value tilt can offer investors an added advantage in the current market environment. Value investing has become particularly compelling as investors seek companies with strong fundamentals, solid financial health and attractive valuations.

Value ETFs focus on stocks characterized by strong fundamentals and robust financial health, which trade below their intrinsic value. Investors can consider Dimensional International Value ETF (DFIV - Free Report) , Avantis International Large Cap Value ETF (AVIV - Free Report) and iShares MSCI EAFE Value ETF (EFV - Free Report) .

Financials represent the largest sector allocation across all of the above funds, with AVIV having the lowest exposure at 31%. Information technology, on the other hand, represents only a modest share of each portfolio, with AVIV holding the highest exposure at just 4%.

Japan is the largest country exposure across all the funds, followed by the United Kingdom. AVIV is the cheapest option, charging an annual fee of 0.25%. EFV is both the largest and most liquid fund, with a one-month average trading volume of about 4.79 million shares and an asset base of $28.17 billion.

The above funds maintain well-diversified portfolios, with no single holding accounting for more than 3.5% of the portfolio.

International Dividend ETFsInvestors can also consider global dividend-focused funds. Dividend-paying securities serve as primary sources of reliable income for investors, particularly during periods of equity market volatility. Companies offering dividends often act as a hedge against economic uncertainty.

Investors can consider iShares International Select Dividend ETF (IDV - Free Report) , Franklin International Low Volatility High Dividend Index ETF (LVHI - Free Report) and iShares International Dividend Growth ETF (IGRO - Free Report) , with dividend yields of 5.23%, 4.50% and 2.65%, respectively.

The abovementioned funds have almost negligible exposure to the information technology sector, with the exception of IGRO, which has an exposure of about 7%. Financials remain the top sector allocation across all of the above funds, with LVHI having the least exposure to the sector at 25.15%.

The funds are also well-diversified, with no single holding accounting for more than 5% of the portfolio. Regarding annual fees, IGRO is the cheapest option, charging 0.15%. IDV is both the largest and most liquid fund, with a one-month average trading volume of about 846,000 shares and an asset base of $8.22 billion.

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SummaryMicron Technology, Inc. fell into a steep bear market recently, even as it benefits from structural AI-driven demand and robust pricing power.MU's free cash flow margins are projected to stay solidly high, supported by long-term agreements and even bigger hyperscaler AI CapEx commitments.While memory price increases are unsustainable long-term, current DRAM pricing and AI infrastructure buildout provide resilient profit tailwinds and support.At 4.77x EBITDA, MU trades at a discernible valuation discount, offering a reasonable margin of safety amid cyclical concerns.While the market panics over whether the AI build-out could have reached a peak, investors waiting for a chance to add MU are now afforded that golden buying opportunity.Looking for a helping hand in the market? Members of Ultimate Growth Investing get exclusive ideas and guidance to navigate any climate. Learn More » JHVEPhoto/iStock Editorial via Getty Images

A nearly 40% decline in the price of stock of Micron Technology, Inc. (MU) arguably took the shimmer off the stock market darling that has been flying high for the past year, while still

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Micron (MU -6.71%) stock declined another 6% through 1:30 p.m. ET Wednesday, as new news from South Korea spooked investors in semiconductor stocks:

Korea is curbing investments in leveraged exchange-traded funds (ETFs).

Image source: Micron.

Risk and reward The funds in question invest in single stocks and use financial engineering to magnify the returns on those stocks as they trade up and down.

That was all fun and games when semiconductor stocks -- and particularly Korean stocks specializing in manufacturing computer memory -- were mostly going up. Now that SK Hynix (SKHY -1.57%), Samsung, and others have rediscovered the law of gravity, Korea is suffering a market rout -- and taking measures to prevent individual investors from losing even more money.

Finance Minister Koo Yun-cheol says Korea will limit retail investment in leveraged ETFs, including by increasing trading costs and capping the percentage of an investor's total portfolio invested in such products. Specific details on the measures to be put in place have not yet been decided, however.

What this means for Micron The Korean ETFs in question do not invest directly in Micron -- SK Hynix and Samsung being the more popular artificial intelligence chip plays locally. But Korea's move could have an indirect effect on Micron.

By making it harder and more expensive to invest in SK Hynix and Samsung, for example, Korea's actions may depress the share prices of these two stocks, making them look cheaper. When compared to them, competitor Micron stock may start to look relatively expensive -- which could deter U.S. investors from investing in it. As demand for Micron declines, Micron's stock price would logically begin to fall.

In fact, it already is doing just that.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy.

Micron Technology (NASDAQ:MU | MU Price Prediction) just did something no memory company has done before. It reported $41.46 billion in a single quarter, up 345.72% year over year, with GAAP gross margins running at 84.6%.

CEO Sanjay Mehrotra called memory a “defining strategic asset in the AI era.” Shares are up 187.67% year to date. The question: can Micron hit $2,000 per share by 2030 if revenue really does triple again?

Why Micron Shares Are Stuck Despite Blowout Numbers Despite the record earnings report, Micron is down 15.48% over the past week and 27.53% over the past month, sliding from over $1,132 to $820.53.

The trigger was Chinese DRAM maker CXMT’s 466% Shanghai debut, which pushed its market cap past Intel. Investors dumped everything memory. SanDisk fell 9%, Western Digital fell 8%, and Micron fell 7% in the sector sell-off.

Morgan Stanley’s Mike Wilson noted the correction in semiconductor and storage stocks is “pretty well advanced”. With a beta of 2.14, MU amplifies every macro shudder. CXMT competes in commodity DDR5, not HBM, but the market is painting all memory names with the same brush.

Wall Street Sees 84% Upside. My Model Says More The Wall Street consensus target is $1,507.38, backed by 9 Strong Buys, 31 Buys, 4 Holds, and just 1 Strong Sell. That is 89% bullish. Our internal base case is $922.59 (12.44% upside) with a one-year bull case of $1,329.44 and confidence rated 90%.

Wall Street models Micron’s revenue peaking near $269 billion in 2029 and declining to $240 billion by 2030. Nomura’s DRAM forecast tells the opposite story: DRAM revenue growing 63% from $1.261 trillion in 2027 to $2.06 trillion in 2030. If Nomura is right, consensus is modeling the wrong cycle shape.

The Path to $2,000 Per Share Reaching $2,000 from today’s price of $820.53 would require a gain of 143.7%. With forward EPS of $64.97, a $2,000 price implies a forward P/E of 31x. Our base case of $922.59 already implies 18x, meaning the bold target needs roughly 13x of additional multiple expansion, or continued EPS growth that compresses that ratio naturally.

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Micron’s Q4 guidance calls for $50 billion in revenue and $31 non-GAAP EPS. Mehrotra said Micron’s “multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron’s strong financial performance.”

The company can fulfill only 50% to two-thirds of key customer demand. HBM4 is in volume shipment for NVIDIA Vera Rubin, and HBM4E ramps in calendar 2027. 

The primary risk: a rerun of the 2023 memory trough, when revenue collapsed to $15.5 billion and gross margin went negative.

Where Micron Trades Today vs Its Earnings Power At $820.53 against forward EPS of $64.97, MU trades at roughly 13x forward earnings. For a company posting 345.72% revenue growth with 84.6% gross margins, that is a value multiple.

The stock sits 20% below its 52-week high of $1,254.81 and miles above the 52-week low of $103.21. The 10-year total return of 6,025.12% proves this stock can compound when the cycle turns in its favor.

Is $2,000 Realistic? My Verdict Hitting $2,000 requires a 143.7% gain. That is a stretch, but not a fantasy.

Three things need to break right: HBM4E must ramp cleanly through 2027, Strategic Customer Agreements must prove they extend the cycle past Wall Street’s 2028 rollover call, and CXMT must stay contained in commodity DDR5. What derails it: a hyperscaler capex reset that punctures memory pricing before HBM4E ships. We’ve outlined the blueprint for how Micron could reach $2,000 in 2030.

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Contact [email protected] for any questions or corrections.

Memory stocks are getting hammered midday Wednesday as a sector-wide rout intensifies. SanDisk (NASDAQ:SNDK | SNDK Price Prediction) is leading the way lower, with SanDisk shares down 7% to $1,019. Micron Technology (NASDAQ:MU) stock is down 6% to $775, and the Roundhill Memory ETF (CBOE:DRAM) is also lower by 4% to $46.

The move caps a brutal stretch for the group. SanDisk shares are down 36% over five days. SK Hynix‘s (NASDAQ:SKHY) U.S.-listed ADR is down 2% at $128 after its own steep slide.

SK Hynix Report and Capex Shock Fuel the Selloff The trigger is SK Hynix’s Q2 report. The Korean memory giant delivered a record operating profit, up 557% year over year (YoY) with a record operating margin of 76%, but the print still missed lofty expectations. More important, SK Hynix guided to lift 2026 capex by 50% to at least $31 billion, stoking fears the AI capex cycle is overheating.

Barclays cut its price target on SK Hynix shares to $300 from $330 while keeping an Overweight rating. SKHY only began trading in New York on July 10 in the largest-ever U.S. IPO by a foreign company, and the ADR is already down 23% since listing. Morningstar’s William Kerwin has called SanDisk’s NAND boom “tremendous, but finite,” keeping a $1,000 price target and a “Very High” uncertainty rating.

Sector Rout Broadens Beyond Memory The downturn isn’t isolated. The Philadelphia Semiconductor Index is down 19% in July, on track for its worst month since 2008, with all its members below their 50-day moving averages. A strong Shanghai debut from Chinese memory maker CXMT reignited oversupply concerns just as Fed rate-hike worries and U.S.-Iran tensions add risk-off pressure.

The DRAM ETF sits at the center of the storm. The Roundhill Memory ETF has fallen 20% over the past five sessions. Its top holdings include Samsung Electronics at 24.99%, SK Hynix at 24.22%, and Micron at 23.83%, giving the fund a highly concentrated, volatile profile.

This is a single-theme vehicle, and its swings show it. The broad tape reflects the pressure too, with the NASDAQ 100 off 1.36% and the S&P 500 down 0.92%.

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Storage Names Buck the Trend Seagate Technology (NASDAQ:STX) and Western Digital (NASDAQ:WDC) are the counter-trend green names. Seagate shares are up 2% to $759 after the company’s Q4 earnings beat, and Western Digital shares are flat/unchanged at $465. The split between HDD-focused storage names and NAND/DRAM memory names is stark, suggesting the selling is targeted at capex-cycle concerns rather than the broader data-center storage theme.

Retail investors are noticing the disconnect. One highly upvoted r/stocks thread this morning framed the puzzle bluntly: “will SNDK and MU come green today after SKHY results? Probably not despite great earnings.” Reddit sentiment on SanDisk has stabilized into the neutral 49-50 range after collapsing to 39 at Tuesday’s open, hinting the panic may be cooling.

What to Watch Now Investors can watch for whether SanDisk stock holds the $1,000 level that anchors the Morningstar target. Seagate’s earnings call at 5:00 p.m. ET could reset the storage-versus-memory narrative if management reiterates the AI-driven demand story.

Momentum traders may keep the memory tape active through the close, with the HDD-versus-NAND divergence likely to remain the day’s defining theme. Watch for whether Seagate’s commentary on cloud data center demand and its Mozaic HAMR platform can stabilize sentiment across the broader storage complex.

If SK Hynix’s capex guide continues to weigh on the group, expect further pressure on Micron and SanDisk into the back half of the week. Conversely, a constructive Seagate call could mark a near-term inflection for storage sentiment heading into next week.

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Contact [email protected] for any questions or corrections.

Atreides Management LP boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 1,854.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 760,426 shares of the semiconductor manufacturer’s stock after purchasing an additional 721,510 shares during the period. Micron Technology accounts for 5.1% of Atreides Management LP’s investment portfolio, making the stock its 4th biggest holding. Atreides Management LP owned 0.07% of Micron Technology worth $256,902,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MU. Norges Bank acquired a new position in Micron Technology in the 4th quarter worth about $6,433,456,000. AQR Capital Management LLC lifted its stake in shares of Micron Technology by 411.9% in the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after buying an additional 2,918,535 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Micron Technology by 1,340.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock valued at $805,148,000 after acquiring an additional 2,625,169 shares during the period. Amundi grew its holdings in Micron Technology by 65.0% in the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock valued at $1,424,025,000 after buying an additional 1,965,319 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity In related news, EVP April S. Arnzen sold 40,000 shares of Micron Technology 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 transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer directly owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. The trade was a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 204,179 shares of company stock valued at $190,836,321 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

Micron Technology Price Performance NASDAQ:MU opened at $820.53 on Wednesday. The stock has a market capitalization of $926.70 billion, a PE ratio of 18.58 and a beta of 2.14. The firm has a fifty day simple moving average of $973.08 and a 200 day simple moving average of $632.05. Micron Technology, Inc. has a 1-year low of $103.38 and a 1-year high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The business 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%.The firm’s revenue was up 345.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

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

Positive Sentiment: Potential U.S. tariffs or restrictions on Chinese memory chips could strengthen Micron’s domestic competitive position, pricing power and margins by limiting lower-cost competition from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies. Chips & Clips: Memory Tariffs Rewire Tech Supply Chains Positive Sentiment: Micron’s latest results remain a fundamental support: quarterly revenue reached $41.46 billion, up 345.8% year over year, while earnings per share of $25.11 exceeded consensus by $3.72. Analysts and some commentary continue to view AI-driven demand, high-bandwidth memory and contracted customer agreements as evidence this cycle may be structurally stronger than prior memory booms. Micron: The Boom And Bust Memory Cycle Could Finally Be Dead Neutral Sentiment: CME Group launched nearly round-the-clock single-stock futures, including contracts linked to Micron. The move may improve access and liquidity but also allows investors to react more quickly to overnight semiconductor news. CME launches single stock futures enabling investors to trade SpaceX, Micron 23 hours a day Negative Sentiment: Investors are reducing exposure to the AI trade amid fears of an AI bubble, expensive data-center financing and concerns that semiconductor valuations and spending expectations have become excessive. Micron was among the weakest performers in the Philadelphia Semiconductor Index as memory stocks extended their pullback. Chip Stocks Extend Pullback Amid AI Bubble Fears Negative Sentiment: CXMT’s blockbuster Shanghai IPO and reports of advances in China’s domestic semiconductor equipment heightened fears that Chinese manufacturers could rapidly expand DRAM production, narrow the technology gap and pressure Micron’s future pricing and market share. Why Micron Stock Just Dropped Again Negative Sentiment: Profit-taking is also significant after Micron’s extraordinary year-long rally. A chief accounting officer’s sale of 879 shares at approximately $1,000 per share added a minor insider-selling signal, though the transaction represented only about 2.45% of that executive’s holdings. Wall Street Analyst Weigh In A number of brokerages recently commented on MU. Wells Fargo & Company upped their target price on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Wolfe Research set a $1,500.00 price objective on Micron Technology 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 research report on Thursday, June 25th. Raymond James Financial upped their target price on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Stifel Nicolaus lifted their price objective on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $1,268.93.

Check Out Our Latest Research Report on MU

Micron Technology Profile (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.

Recommended Stories Five stocks we like better than Micron Technology These 3 Stocks Have Soared in 2026—Can They Keep Climbing? Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction Chips & Clips: Memory Tariffs Rewire Tech Supply Chains

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Nasdaq futures are up 0.29% while S&P 500 futures have gained 0.20%.

Futurum analyst Rolf Bulk said Micron and its memory-chip rivals could see more stable earnings as long-term AI supply deals reshape the industry and reduce its dependence on cyclical swings.

Long-Term Deals Improve VisibilityBulk told CNBC on Wednesday that the memory industry is moving away from a market driven almost entirely by boom-and-bust cycles.

He said long-term supply agreements are creating a new structure where a large share of revenue is locked in at strong gross margins.

Micron has said it expects about half of its revenue to come from these agreements over time, while SK Hynix has disclosed deals with 10 customers.

HBM Margins Stay ElevatedBulk said high-bandwidth memory margins are likely near peak levels after reaching roughly 75% to 80%.

However, he does not expect margins to collapse because AI demand remains strong and supply stays tight.

He expects margins to rise slightly in the back half of the year, then stabilize around 70% to 75% before gradually easing toward the end of the decade.

CXMT Remains BehindBulk told CNBC that ChangXin Memory Technologies‘ (CXMT) strong IPO does not make it an immediate threat to Micron, SK Hynix or Samsung. He said CXMT’s chips remain “around two to three generations” behind the incumbents.

He said CXMT spends about 20% to 30% more on a cost-per-bit basis, making its products less competitive on performance.

Bulk also said CXMT likely will not catch up soon because fab buildout limits and restricted access to tools from suppliers such as ASML Holding NV (NASDAQ:ASML) constrain its progress.

Top ETF ExposureSignificance: Because MU carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

MU Stock Price Activity: Micron Technology shares were up 0.28% at $822.80 during premarket trading on Wednesday, according to Benzinga Pro data.

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Amundi lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 19.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,970,808 shares of the semiconductor manufacturer’s stock after buying an additional 981,408 shares during the quarter. Micron Technology makes up about 0.5% of Amundi’s investment portfolio, making the stock its 26th largest holding. Amundi owned approximately 0.53% of Micron Technology worth $2,017,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in Micron Technology during the fourth quarter valued at approximately $6,433,456,000. AQR Capital Management LLC lifted its stake in Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after purchasing an additional 2,918,535 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Micron Technology by 1,340.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock worth $805,148,000 after purchasing an additional 2,625,169 shares during the period. Vanguard Group Inc. boosted its holdings in Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares during the period. Finally, Employees Provident Fund Board bought a new stake in Micron Technology during the fourth quarter valued at $519,639,000. Institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction 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 $20,394,823.04. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 204,179 shares of company stock worth $190,836,321. Company insiders own 0.24% of the company’s stock.

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

Positive Sentiment: Potential U.S. tariffs or restrictions on Chinese memory chips could strengthen Micron’s domestic competitive position, pricing power and margins by limiting lower-cost competition from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies. Chips & Clips: Memory Tariffs Rewire Tech Supply Chains Positive Sentiment: Micron’s latest results remain a fundamental support: quarterly revenue reached $41.46 billion, up 345.8% year over year, while earnings per share of $25.11 exceeded consensus by $3.72. Analysts and some commentary continue to view AI-driven demand, high-bandwidth memory and contracted customer agreements as evidence this cycle may be structurally stronger than prior memory booms. Micron: The Boom And Bust Memory Cycle Could Finally Be Dead Neutral Sentiment: CME Group launched nearly round-the-clock single-stock futures, including contracts linked to Micron. The move may improve access and liquidity but also allows investors to react more quickly to overnight semiconductor news. CME launches single stock futures enabling investors to trade SpaceX, Micron 23 hours a day Negative Sentiment: Investors are reducing exposure to the AI trade amid fears of an AI bubble, expensive data-center financing and concerns that semiconductor valuations and spending expectations have become excessive. Micron was among the weakest performers in the Philadelphia Semiconductor Index as memory stocks extended their pullback. Chip Stocks Extend Pullback Amid AI Bubble Fears Negative Sentiment: CXMT’s blockbuster Shanghai IPO and reports of advances in China’s domestic semiconductor equipment heightened fears that Chinese manufacturers could rapidly expand DRAM production, narrow the technology gap and pressure Micron’s future pricing and market share. Why Micron Stock Just Dropped Again Negative Sentiment: Profit-taking is also significant after Micron’s extraordinary year-long rally. A chief accounting officer’s sale of 879 shares at approximately $1,000 per share added a minor insider-selling signal, though the transaction represented only about 2.45% of that executive’s holdings. Analysts Set New Price Targets A number of analysts have weighed in on MU shares. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a report on Monday, June 22nd. DA Davidson lifted their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Cantor Fitzgerald restated an “overweight” rating and set a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, June 25th. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research report on Tuesday, May 12th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $1,268.93.

View Our Latest Stock Report on Micron Technology

Micron Technology Stock Performance MU opened at $820.53 on Wednesday. The company has a market capitalization of $926.70 billion, a price-to-earnings ratio of 18.58 and a beta of 2.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology, Inc. has a 1-year low of $103.38 and a 1-year high of $1,255.00. The business has a 50 day moving average price of $973.08 and a two-hundred day moving average price of $632.05.

Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 345.8% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued a $0.15 dividend. 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 payout ratio is presently 1.36%.

About Micron Technology (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 Reading Five stocks we like better than Micron Technology These 3 Stocks Have Soared in 2026—Can They Keep Climbing? Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction Chips & Clips: Memory Tariffs Rewire Tech Supply Chains Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU – Free Report).

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