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EFG International AG acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,937 shares of the semiconductor manufacturer’s stock, valued at approximately $11,457,000.

Several other hedge funds also recently made changes to their positions in MU. Ancora Advisors LLC acquired a new position in Micron Technology in the second quarter worth approximately $9,214,000. Primecap Management Co. CA bought a new stake in shares of Micron Technology during the 2nd quarter worth $22,182,263,000. Cooper Haims Advisors LLC bought a new stake in shares of Micron Technology during the 2nd quarter worth $609,000. Canada Pension Plan Investment Board acquired a new position in shares of Micron Technology in the 2nd quarter worth $3,761,237,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Micron Technology in the 2nd quarter worth $1,154,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

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

Positive Sentiment: AI memory demand remains the key catalyst. Micron is reportedly increasing production capacity for more profitable, high-demand memory products used in AI servers, including high-bandwidth memory (HBM). Investors see sustained hyperscaler spending as supporting pricing, revenue and margins. Micron is doubling down on AI memory chips Positive Sentiment: Memory stocks led the market. Micron and other memory-related companies benefited from renewed enthusiasm for AI infrastructure, the release of a new OpenAI model and expectations that the NAND pricing cycle may be strengthening. Memory and AI-related stocks lead the market Positive Sentiment: Analyst upside forecasts added support. Lynx Equity Strategies said volatility has normalized and maintained an aggressive price target of $1,325 for MU, implying substantial potential upside from recent levels. Lynx Equity sees Micron and SanDisk breakout Positive Sentiment: Recent operating results provide fundamental support. Micron’s latest reported quarter significantly exceeded earnings and revenue expectations, with revenue up sharply year over year. The company also issued strong fourth-quarter guidance, reinforcing the view that AI-related memory shortages are translating into exceptional profitability. Neutral Sentiment: Long-term customer agreements may reduce—but not eliminate—cyclicality. Reports highlight 16 strategic agreements extending through 2030, some with price floors or bands. These contracts could improve earnings visibility, although investors remain concerned that new industry capacity could eventually pressure pricing. Micron’s contracts reveal the next AI bottleneck Negative Sentiment: Competition and execution risks remain. Chinese chipmaker CXMT is gaining DRAM market share, while planned capacity investments by Asian producers could eventually create oversupply. Micron also faces potential labor disruption in Taiwan after unions sought substantially higher compensation, creating a risk to costs and supply continuity. Chinese chipmaker CXMT gains DRAM share Micron Technology Trading Up 6.1% NASDAQ:MU opened at $1,016.59 on Friday. The company has a market capitalization of $1.15 trillion, a P/E ratio of 23.02, a P/E/G ratio of 0.61 and a beta of 2.22. The stock’s 50 day moving average price is $935.15 and its 200 day moving average price is $734.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. Micron Technology, Inc. has a 52 week low of $125.66 and a 52 week high of $1,255.00. 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 (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 analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s revenue was up 345.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts forecast 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 paid a dividend of $0.15 per share. The ex-dividend date was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio is presently 1.36%.

Insider Buying and Selling In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades MU has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a report on Thursday, June 25th. ThinkEquity restated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Citigroup reduced their price objective on shares of Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Mizuho dropped their target price on shares of Micron Technology from $1,375.00 to $1,300.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 25th. Finally, Royal Bank Of Canada boosted their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Micron Technology has a consensus rating of “Buy” and an average target price of $1,295.63.

Check Out Our Latest Stock Analysis on 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.

Recommended Stories Five stocks we like better than Micron Technology Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst 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).

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Kapitalo Investimentos Ltda bought a new position in Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the semiconductor manufacturer’s stock, valued at approximately $1,154,000.

Several other large investors also recently made changes to their positions in MU. Brighton Jones LLC grew its holdings in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Micron Technology by 21.7% during the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after purchasing an additional 628 shares in the last quarter. United Bank bought a new stake in shares of Micron Technology during the second quarter valued at about $236,000. Schnieders Capital Management LLC. lifted its holdings in Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after purchasing an additional 6,867 shares during the period. Finally, Sei Investments Co. increased its stake in Micron Technology by 5.6% during the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock valued at $49,987,000 after buying an additional 21,619 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analysts Forecast Growth A number of analysts have recently weighed in on the stock. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Stifel Nicolaus boosted their target price on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Raymond James Financial upped their target price on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Wedbush lifted their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, The Goldman Sachs Group upped their price objective on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one 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 a consensus price target of $1,295.63.

View Our Latest Report on MU Insider Buying and Selling In other Micron Technology news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction 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 sale, the executive vice president owned 85,737 shares of the company’s stock, valued at $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. Over the last 90 days, insiders sold 177,204 shares of company stock valued at $182,156,264. Company insiders own 0.24% of the company’s stock.

Micron Technology Price Performance Shares of NASDAQ:MU opened at $1,016.59 on Friday. The company has a market capitalization of $1.15 trillion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.61 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The stock has a fifty day moving average of $935.15 and a 200-day moving average of $734.51. Micron Technology, Inc. has a one year low of $125.66 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the prior year, the business posted $1.91 earnings per share. Micron Technology’s revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

Micron Technology Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were paid 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 dividend payout ratio is currently 1.36%.

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

Positive Sentiment: AI memory demand remains the key catalyst. Micron is reportedly increasing production capacity for more profitable, high-demand memory products used in AI servers, including high-bandwidth memory (HBM). Investors see sustained hyperscaler spending as supporting pricing, revenue and margins. Micron is doubling down on AI memory chips Positive Sentiment: Memory stocks led the market. Micron and other memory-related companies benefited from renewed enthusiasm for AI infrastructure, the release of a new OpenAI model and expectations that the NAND pricing cycle may be strengthening. Memory and AI-related stocks lead the market Positive Sentiment: Analyst upside forecasts added support. Lynx Equity Strategies said volatility has normalized and maintained an aggressive price target of $1,325 for MU, implying substantial potential upside from recent levels. Lynx Equity sees Micron and SanDisk breakout Positive Sentiment: Recent operating results provide fundamental support. Micron’s latest reported quarter significantly exceeded earnings and revenue expectations, with revenue up sharply year over year. The company also issued strong fourth-quarter guidance, reinforcing the view that AI-related memory shortages are translating into exceptional profitability. Neutral Sentiment: Long-term customer agreements may reduce—but not eliminate—cyclicality. Reports highlight 16 strategic agreements extending through 2030, some with price floors or bands. These contracts could improve earnings visibility, although investors remain concerned that new industry capacity could eventually pressure pricing. Micron’s contracts reveal the next AI bottleneck Negative Sentiment: Competition and execution risks remain. Chinese chipmaker CXMT is gaining DRAM market share, while planned capacity investments by Asian producers could eventually create oversupply. Micron also faces potential labor disruption in Taiwan after unions sought substantially higher compensation, creating a risk to costs and supply continuity. Chinese chipmaker CXMT gains DRAM share 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.

Featured Stories Five stocks we like better than Micron Technology Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst 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).

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Cooper Haims Advisors LLC bought a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 528 shares of the semiconductor manufacturer’s stock, valued at approximately $609,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd increased its holdings in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the last quarter. Norges Bank acquired a new stake in shares of Micron Technology during the fourth quarter worth approximately $6,433,456,000. Legal & General Group Plc acquired a new position in Micron Technology during the 2nd quarter worth $8,402,393,000. Canada Pension Plan Investment Board bought a new stake in shares of Micron Technology in the 2nd quarter worth about $3,761,237,000. Finally, AQR Capital Management LLC lifted its position in shares of 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. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets In related news, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction that occurred 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 directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 177,204 shares of company stock worth $182,156,264 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets MU has been the topic of several research analyst reports. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Wells Fargo & Company lifted their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. 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. Mizuho reduced their price objective on Micron Technology from $1,375.00 to $1,300.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Finally, Stifel Nicolaus raised their target price on Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $1,295.63. Get Our Latest Stock Analysis on Micron Technology

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

Positive Sentiment: AI memory demand remains the key catalyst. Micron is reportedly increasing production capacity for more profitable, high-demand memory products used in AI servers, including high-bandwidth memory (HBM). Investors see sustained hyperscaler spending as supporting pricing, revenue and margins. Micron is doubling down on AI memory chips Positive Sentiment: Memory stocks led the market. Micron and other memory-related companies benefited from renewed enthusiasm for AI infrastructure, the release of a new OpenAI model and expectations that the NAND pricing cycle may be strengthening. Memory and AI-related stocks lead the market Positive Sentiment: Analyst upside forecasts added support. Lynx Equity Strategies said volatility has normalized and maintained an aggressive price target of $1,325 for MU, implying substantial potential upside from recent levels. Lynx Equity sees Micron and SanDisk breakout Positive Sentiment: Recent operating results provide fundamental support. Micron’s latest reported quarter significantly exceeded earnings and revenue expectations, with revenue up sharply year over year. The company also issued strong fourth-quarter guidance, reinforcing the view that AI-related memory shortages are translating into exceptional profitability. Neutral Sentiment: Long-term customer agreements may reduce—but not eliminate—cyclicality. Reports highlight 16 strategic agreements extending through 2030, some with price floors or bands. These contracts could improve earnings visibility, although investors remain concerned that new industry capacity could eventually pressure pricing. Micron’s contracts reveal the next AI bottleneck Negative Sentiment: Competition and execution risks remain. Chinese chipmaker CXMT is gaining DRAM market share, while planned capacity investments by Asian producers could eventually create oversupply. Micron also faces potential labor disruption in Taiwan after unions sought substantially higher compensation, creating a risk to costs and supply continuity. Chinese chipmaker CXMT gains DRAM share Micron Technology Trading Up 6.1% Micron Technology stock opened at $1,016.59 on Friday. The firm has a market cap of $1.15 trillion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 0.61 and a beta of 2.22. Micron Technology, Inc. has a 1 year low of $125.66 and a 1 year high of $1,255.00. The firm’s 50 day moving average price is $935.15 and its two-hundred day moving average price is $734.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

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, beating 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 net margin of 55.91% and a return on equity of 71.13%. The firm’s revenue was up 345.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.

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

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 Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst 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).

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Caisse de depot et placement du Quebec purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 531,635 shares of the semiconductor manufacturer’s stock, valued at approximately $613,661,000. Micron Technology comprises about 0.9% of Caisse de depot et placement du Quebec’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp raised its stake in Micron Technology by 2.1% in the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after purchasing an additional 1,090,644 shares in the last quarter. Andar Capital Management HK Ltd raised its position in Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the last quarter. Norges Bank acquired a new stake in Micron Technology during the 4th quarter worth approximately $6,433,456,000. Primecap Management Co. CA bought a new stake in shares of Micron Technology in the second quarter worth $22,182,263,000. Finally, Morgan Stanley increased its stake in shares of Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after buying an additional 794,289 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analysts Set New Price Targets Several equities research analysts recently commented on MU shares. 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. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Wells Fargo & Company lifted their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Wolfe Research set a $1,500.00 target price on Micron Technology in a research note on Thursday, June 25th. Finally, Morgan Stanley boosted their target price on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus target price of $1,295.63.

Read Our Latest Analysis on Micron Technology Micron Technology Stock Performance Shares of NASDAQ MU opened at $1,016.59 on Friday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 0.61 and a beta of 2.22. Micron Technology, Inc. has a 12-month low of $125.66 and a 12-month high of $1,255.00. The firm has a 50 day moving average of $935.15 and a 200 day moving average of $734.51.

Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the business earned $1.91 earnings per share. Micron Technology’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, research analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

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

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

Positive Sentiment: AI memory demand remains the key catalyst. Micron is reportedly increasing production capacity for more profitable, high-demand memory products used in AI servers, including high-bandwidth memory (HBM). Investors see sustained hyperscaler spending as supporting pricing, revenue and margins. Micron is doubling down on AI memory chips Positive Sentiment: Memory stocks led the market. Micron and other memory-related companies benefited from renewed enthusiasm for AI infrastructure, the release of a new OpenAI model and expectations that the NAND pricing cycle may be strengthening. Memory and AI-related stocks lead the market Positive Sentiment: Analyst upside forecasts added support. Lynx Equity Strategies said volatility has normalized and maintained an aggressive price target of $1,325 for MU, implying substantial potential upside from recent levels. Lynx Equity sees Micron and SanDisk breakout Positive Sentiment: Recent operating results provide fundamental support. Micron’s latest reported quarter significantly exceeded earnings and revenue expectations, with revenue up sharply year over year. The company also issued strong fourth-quarter guidance, reinforcing the view that AI-related memory shortages are translating into exceptional profitability. Neutral Sentiment: Long-term customer agreements may reduce—but not eliminate—cyclicality. Reports highlight 16 strategic agreements extending through 2030, some with price floors or bands. These contracts could improve earnings visibility, although investors remain concerned that new industry capacity could eventually pressure pricing. Micron’s contracts reveal the next AI bottleneck Negative Sentiment: Competition and execution risks remain. Chinese chipmaker CXMT is gaining DRAM market share, while planned capacity investments by Asian producers could eventually create oversupply. Micron also faces potential labor disruption in Taiwan after unions sought substantially higher compensation, creating a risk to costs and supply continuity. Chinese chipmaker CXMT gains DRAM share Insider Activity In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction dated 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 177,204 shares of company stock worth $182,156,264. Company insiders own 0.24% of the company’s stock.

Micron Technology Company 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.

Further Reading Five stocks we like better than Micron Technology Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst

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Micron Technology (MU +6.10%) has seen its revenue and profits soar amid booming demand for AI compute, and it could see its pockets get even fatter over the next few years based on recent news from its fellow AI chipmakers. Both Nvidia (NVDA +0.84%), which uses memory chips like Micron's in its GPU systems, and SK Hynix (SKHY +8.14%), a rival memory chipmaker, announced news suggesting the memory chip supply shortage could last much longer.

The market's reaction to the recent developments provides a clear indication of what the market expects for Micron going forward. Here's what investors need to know.

Image source: Micron Technology.

Nvidia just made a huge commitment to memory chips Nvidia's second-quarter earnings report included a small detail that could have a huge impact on Micron and the rest of the memory chip industry. The company increased its commitments to suppliers to $279 billion, up from $119 billion in the previous quarter. The $160 billion increase is primarily due to memory procurement, CFO Colette Kress wrote in her prepared statement accompanying the earnings release.

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Nvidia likely signed long-term agreements with one or more memory chip suppliers. All three leading chipmakers started signing strategic agreements to guarantee demand well into the future in exchange for locking in prices today. That gives the companies the confidence to build new capacity with a guaranteed buyer at the end of the day. However, it caps how high prices can climb if demand growth continues to outpace supply growth.

Investors have generally seen the long-term agreements as a bullish sign for the memory chipmakers. The guaranteed revenue could reduce the cyclicality that has historically plagued memory chip stocks.

So, the fact that Nvidia made a huge commitment should be a positive signal for Micron stock. Nonetheless, the market didn't seem to react to the news; shares dropped 0.3% the day after Nvidia's earnings release.

SK Hynix's management says the memory shortage can last much longer At a press conference following the groundbreaking ceremony for SK Hynix's new Indiana manufacturing facility, CEO Kwak Noh-jung said the current memory supply shortage could last through 2030. SK Hynix's Indiana facility isn't set to begin mass production until the second half of 2029, and with a $4 billion price tag, a lot is riding on the continuation of the tight memory chip market.

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More importantly, the analyst consensus has been that supply will catch up to demand by 2028 and revenue growth will slow for the memory chipmakers. Micron's most recent guidance was that tight conditions will "persist beyond calendar 2027."

Shares of Micron barely budged on news that SK Hynix's management now expects a favorable market for its products to last through the end of the decade, driven by the unprecedented AI compute build-out.

What the market's reaction says about Micron stock Despite positive developments or insider commentary on the memory market, Micron stock has barely moved. That suggests the market is already extremely optimistic about Micron Technology's future.

That puts shareholders in a precarious position. Good news will have practically no effect on the stock price, as we saw at the end of August. Micron needs to release news that absolutely blows away expectations to move higher. While it's been done repeatedly over the last year or so, the market's expectations are now sky-high.

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On the flip side, any indication that the current earnings cycle won't be as strong as expected or won't last as long as forecast could be devastating for shareholders. The volatile stock could tumble lower on even a hint of bad news because expectations are so high.

Investors may view the stock trading at just 6 times forward earnings as a relatively low-risk opportunity, but that's not the case for a cyclical stock like Micron. There's a lot of uncertainty in those earnings forecasts. A shortfall in earnings relative to expectations could reduce both earnings and the earnings multiple, compounding the downward impact on the stock price.

Of course, exceeding those expectations could have the opposite effect. It's just become increasingly difficult for Micron to do that.

ChangXin Memory Technologies' IPO shook the stock market to its core.

It was almost exactly one month ago that CXMT debuted on the Shanghai stock exchange, raising $8.6 billion to fund production expansion and reaching a $487 billion market capitalization after its stock ran up 466% in a single day. Investors in Micron (MU +6.10%) stock, meanwhile, had a very different reaction to CXMT's arrival. Micron stock dropped 9% on CXMT's IPO day. (And fell another 10% the next day.)

And now you know why.

Image source: Getty Images.

Introducing CXMT China's largest manufacturer of DRAM computer memory chips, CXMT, poses an indirect threat to Micron's DRAM business today -- and potentially a far more direct threat in the future. As CNBC has reported, beginning at the end of 2026, CXMT will produce specialized, stacked DRAM chips to sell as "high bandwidth memory" -- HBM, essential for artificial intelligence operations. HBM is a key growth market for Micron.

And soon, CXMT will be competing to own it.

How effective a competitor will CXMT be for Micron? As it so happens, the company gave investors a glimpse of the answer to that question because last week -- just a month after going public -- CXMT reported its earnings for the first half of 2026.

CXMT H1 earnings CXMT grew its revenue by 874% year over year in H1 2026, as Reuters reports, reaching 150.3 billion yuan ($22.4 billion USD) and earning 77.6 billion yuan ($11.5 billion) in net profit on these sales. That's a 51.6% net profit margin for the company -- not quite as good as the 63% net profit margin that Micron earned in the same period, according to data from S&P Global Market Intelligence, but the gap is closing quickly.

As recently as last year, CXMT's net margin was negative.

Nor is CXMT's profit margin the only thing that's growing quickly. The company's sales growth rate of 874% outclasses Micron's 203% by a factor of four, implying that not only is CXMT getting more profitable, but it's also doing so while it expands and takes market share from Micron and other rivals.

Which, in turn, implies that CXMT's prices must be significantly lower than Micron's -- yet more profitable for CXMT despite the lower price points.

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Prediction: What's next for CXMT S&P puts CXMT's current market capitalization at $582.5 billion, up 20% over the past month, on top of its IPO day gains. According to The Wall Street Journal, the company -- virtually unknown before its IPO -- has rocketed to become "the world's fourth-largest manufacturer of DRAM memory."

WSJ further notes that CXMT has an 11% market share in DRAM globally, versus 25% for Micron (the world's third-largest DRAM manufacturer after Samsung at 39% and SK Hynix (SKHY +8.14%) at 26%). And WSJ estimates CXMT will grow its market share to 15% by 2030.

I personally think that estimate's too conservative.

Why? Consider that Micron itself grew its DRAM market share from 22% to 25% in just one year, from 2025 to today. If CXMT is already expanding sales as fast as it seems to be, and is charging low enough prices to explain the kind of sales growth the company is seeing, and is enjoying the financial and regulatory support of the Chinese Communist Party in its home market, then I predict CXMT will accelerate its market share growth.

One caveat: According to the Journal, CXMT trails Samsung, SK Hynix, and Micron "by two or three generations" in DRAM technology. It's going to take the company some time to play catch-up. Investors should anticipate that CXMT will first begin grabbing market share in low-end DRAM markets for mobile devices, for example, before challenging Micron in the HBM market for artificial intelligence systems.

But make no mistake: CXMT is coming for Micron's most valuable market.

And Micron's margins are at risk.

Key Takeaways Q2 results were very strong, reflecting the 12th consecutive period of growth for S&P 500 index members.Q3 earnings are expected to climb 23% YoY on 11.2% higher revenues, continuing the growth trend. ORCL and ADBE's upcoming releases will help start the Q3 earnings cycle. S&P 500 profits have expanded for 12 straight quarters, showing powerful momentum that reaches far beyond Big Tech. That sets a strong backdrop for the start of Q3 earnings season, which begins Thursday, September 10th, with quarterly reports from Oracle (ORCL - Free Report) and Adobe (ADBE - Free Report) .

The quarterly chart below details actual results alongside Q3 2026 growth expectations and forward projections.

Image Source: Zacks Investment Research

As you can see here, 2026 Q3 earnings for the S&P 500 index are expected to increase by +23% from the same period last year on +11.2% higher revenues. This would follow the unusually strong showing in 2026 Q2.

The revisions trend has remained positive, sustaining the favorable trend in place for almost a year now. The chart below shows how 2026 Q3 earnings growth expectations have evolved lately.

Image Source: Zacks Investment Research

As noted earlier, these favorable revision patterns are not a new development; they extend a tailwind that has been building for nearly a year.

Historically, these upward adjustments were tightly concentrated in Technology and, more recently, Energy following Middle East supply disruptions. However, for Q3 2026, the constructive estimate revisions have broadened significantly, rising across 8 of the 16 Zacks sectors – including Transportation, Finance, Aerospace, Industrials, Utilities, and Construction – alongside Tech and Energy.

The Adobe and Oracle quarterly reports referenced earlier will be for the companies’ fiscal quarters ending in August, which we count as part of our September-quarter tally. In fact, we will be counting these earnings releases as effectively kick-starting this Q3 reporting cycle. That said, the Q3 earnings season will really get going when the big banks come out with their quarterly results in mid-October.

Adobe and Oracle have been major stock laggards lately, as the comparison chart below of these two stocks relative to the Zacks Tech sector and the S&P 500 index shows.

Image Source: Zacks Investment Research

Q2 Earnings Season Scorecard

Through Friday, September 4th, we have seen Q2 results from 495 S&P 500 members, or 99% of the index’s total membership. Total earnings for these companies are up +45.6% from the same period last year on +15.6% revenue gains, with 84.2% of the companies beating EPS estimates and 77.6% of them beating revenue estimates.

The comparison charts below put the Q2 earnings and revenue growth rates for these index members in a historical context.

Image Source: Zacks Investment Research

The comparison charts below put the Q2 EPS and revenue beats percentages in a historical context.

Image Source: Zacks Investment Research

The unusually strong earnings growth rate of +45.6% and revenue growth of +15.6% are benefiting from blockbuster results from Micron (MU - Free Report) and Alphabet (GOOGL - Free Report) .

The chart below shows the reported Q2 earnings growth pictures, with and without Alphabet and Micron.

Image Source: Zacks Investment Research

The Q2 reporting cycle is in its final stretch, with only 5 S&P 500 members still to report results. We have four of those remaining 5 index members on deck to report results this week, including Kroger, Casey’s General Stores, Copart, and The Cooper Companies. These four index members will report their fiscal July-quarter results, while the Adobe and Oracle reports are for those companies’ fiscal August quarters.

The Earnings Big Picture

The chart below shows the aggregate growth picture for the S&P 500 index on a calendar year basis.

Image Source: Zacks Investment Research

As with Q2 expectations, the Tech sector has an outsized impact on the annual earnings picture as well. Total Tech sector earnings are expected to increase +52.3% from the same period last year on +23% higher revenues.

Excluding the Tech sector’s substantial contribution, total S&P 500 earnings for the year would be up +14.9% (vs. +27.6% otherwise).

As we have repeatedly flagged in this space in recent weeks, contributions from Alphabet (GOOGL - Free Report) , Micron (MU - Free Report) , and Nvidia (NVDA - Free Report) are also significant here, as the chart below shows.

Image Source: Zacks Investment Research

For a detailed view of the evolving earnings picture, please check out our weekly Earnings Trends report here >>>> S&P 500 Q3 Earnings Preview: Earnings & Revenue Growth Expected to Surge 

Tech StocksMicron is reportedly increasing production capacity of a more profitable memory offering that’s in high demand due to AI

Micron Technology and other memory companies need to walk a fine line between ensuring they can meet customer demand and not winding up with an oversupply of product if the market for their chips goes south.

But with supply so tight nowadays, an analyst sees “a major opportunity” for Micron to cash in by boosting its manufacturing capacity. And a new report suggests the company is doing just that.

Micron (MU +4.13%) stock jumped 4.5% through 10:35 a.m. ET Friday -- and you can thank private equity firm Lynx Equity for that.

In a note out last night, Lynx predicted a "breakout" for Micron stock, reiterating its opinion that $1,000 Micron stock could rise more than 30% to hit $1,325 within a year.

Image source: Micron.

Why Lynx loves Micron stock Lynx didn't always feel this way. As recently as June, Lynx was warning investors away from Micron, calling the stock "uninvestible" because of the massive swings in its stock price as momentum traders poured into -- and out of -- Micron on little more than hype and enthusiasm for the AI revolution.

Make no mistake. Lynx thought "the fundamentals remained strong" at Micron, and valued the stock at $1,300-plus. But with Micron trading north of $1,200 already in June, there just wasn't a lot of room for upside -- and too much room for downside if AI investors panicked. (Which they did, sparking a 45% sell-off in Micron stock through late July.

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What's next for Micron stock But that was then, and this is now. And now, thanks to the sell-off, Micron stock is once again trading at levels that give investors a decent chance to earn a profit. (Indeed, up 52% off their lows, Micron's already delivered some nice profits to investors who spotted the opportunity early.)

So are there more gains in store?

Lynx thinks so. Demand for high-bandwidth memory (HBM) is keeping DRAM and NAND spot prices elevated, as StreetInsider.com reports today. And with Micron stock still down nearly 20% from its highs, there's a real chance the stock could "breakout" again, as Lynx predicts.

Priced at 21x earnings, but expecting triple-digit earnings growth over the next five years, Micron stock is priced to move.

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.

Aberdeen Wealth Management LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,192 shares of the semiconductor manufacturer’s stock, valued at approximately $1,376,000. Micron Technology accounts for approximately 0.7% of Aberdeen Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heritage Trust Co grew its holdings in shares of Micron Technology by 9.7% in the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after acquiring an additional 1,323 shares during the period. Castleark Management LLC acquired a new position in Micron Technology during the first quarter worth $3,709,000. Oppenheimer & Co. Inc. boosted its position in Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares in the last quarter. Legacy Wealth Management LLC MS boosted its position in Micron Technology by 73.3% during the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after purchasing an additional 1,499 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. acquired a new stake in Micron Technology in the fourth quarter valued at $1,316,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Micron Technology In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP April Arnzen sold 40,000 shares of Micron Technology stock in a transaction 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 sale, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 177,204 shares of company stock valued at $182,156,264. 0.24% of the stock is currently owned by insiders.

Micron Technology Stock Performance Shares of NASDAQ MU opened at $958.16 on Friday. The company has a 50-day simple moving average of $937.47 and a 200-day simple moving average of $732.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The company has a market cap of $1.08 trillion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 0.61 and a beta of 2.22. Micron Technology, Inc. has a 12 month low of $118.52 and a 12 month high of $1,255.00. Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data 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. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The company’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

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

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

Positive Sentiment: Record results and upbeat outlook support the bull case. Micron’s fiscal third-quarter revenue reached $41.46 billion, while non-GAAP EPS was $25.11, both well above expectations. Management’s fiscal fourth-quarter outlook—approximately $50 billion in revenue, $31 in non-GAAP EPS and an estimated 86% gross margin—has reinforced expectations for another record quarter. Micron’s Q4 2026 Period Will Be Another Record Quarter Positive Sentiment: AI demand is extending beyond high-bandwidth memory (HBM). Hyperscaler spending is tightening supplies of HBM, DRAM and NAND, driving contract-price increases and diverting production away from consumer electronics. Micron also has 16 strategic customer agreements, including multiyear commitments and pricing protections, improving revenue visibility and reducing—though not eliminating—the impact of traditional memory cycles. Micron: The AI Memory Shortage Has Spread Beyond HBM Positive Sentiment: Analysts and institutional investors remain broadly constructive. Several reports argue that sold-out HBM capacity, strong pricing and a valuation below some semiconductor peers leave room for further gains. Soros Fund Management increased its reported Micron position nearly eightfold in the second quarter, although other investors, including David Tepper, reduced their exposure. Soros Fund Management Increased Micron Nearly Eightfold Neutral Sentiment: Micron also received a legal tailwind. A U.S. appeals court upheld Patent Office rulings invalidating five Netlist memory patents, removing a potential source of litigation pressure. Netlist Loses Patent Infringement Appeal Against Micron Negative Sentiment: China’s CXMT is gaining DRAM share, increasing long-term competition. Reports place CXMT near 10% of the DRAM market, raising concerns that Chinese capacity could eventually pressure pricing and market share, despite Micron’s near-term production being largely committed under contracts. Chinese Chipmaker CXMT Surges to 10% DRAM Share Negative Sentiment: High expectations and external risks are limiting enthusiasm. Critics argue that the upcoming quarterly report must deliver near-perfect execution after MU’s major rally. A potentially restrictive Federal Reserve decision could pressure richly valued growth stocks, while labor tensions in Taiwan—including demands for unusually large bonuses and a possible strike vote—create supply-continuity and margin risks. The Fed’s September Decision Could Hit Micron Harder Than Its Own Earnings Wall Street Analyst Weigh In A number of brokerages have recently weighed in on MU. Wells Fargo & Company raised their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. BMO Capital Markets assumed coverage on shares of Micron Technology in a report on Friday, August 21st. They set an “outperform” rating and a $1,300.00 target price for the company. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. Finally, DA Davidson upped their price target on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Micron Technology has an average rating of “Buy” and a consensus price target of $1,295.63.

View 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.

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Brandywine Managers LLC purchased a new position in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,416 shares of the semiconductor manufacturer’s stock, valued at approximately $1,634,000. Micron Technology makes up 0.8% of Brandywine Managers LLC’s investment portfolio, making the stock its 13th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M.E. Allison & CO. Inc. boosted its holdings in shares of Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after buying an additional 11 shares during the period. Cherrydale Wealth Management LLC raised its holdings in shares of Micron Technology by 1.4% during the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after acquiring an additional 13 shares during the period. Bellevue Asset Management LLC raised its holdings in shares of Micron Technology by 25.5% during the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after acquiring an additional 13 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Micron Technology by 8.8% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock valued at $186,000 after acquiring an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC lifted its position in shares of Micron Technology by 0.7% in the 2nd quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock valued at $2,209,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Performance Shares of MU stock opened at $958.16 on Friday. Micron Technology, Inc. has a fifty-two week low of $118.52 and a fifty-two week high of $1,255.00. The stock’s 50-day moving average is $937.47 and its two-hundred day moving average is $732.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm has a market cap of $1.08 trillion, a P/E ratio of 21.69, a PEG ratio of 0.61 and a beta of 2.22.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly 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 business 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 revenue was up 345.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year. Micron Technology Announces Dividend The firm 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. The ex-dividend date 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 1.36%.

Analysts Set New Price Targets Several research firms have weighed in on MU. Wells Fargo & Company lifted their price objective on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research report on Monday, July 20th. Bank of America lifted their price target on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Rosenblatt Securities upped their price target on Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $1,295.63.

Get Our Latest Stock Analysis on Micron Technology

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

Positive Sentiment: Record results and upbeat outlook support the bull case. Micron’s fiscal third-quarter revenue reached $41.46 billion, while non-GAAP EPS was $25.11, both well above expectations. Management’s fiscal fourth-quarter outlook—approximately $50 billion in revenue, $31 in non-GAAP EPS and an estimated 86% gross margin—has reinforced expectations for another record quarter. Micron’s Q4 2026 Period Will Be Another Record Quarter Positive Sentiment: AI demand is extending beyond high-bandwidth memory (HBM). Hyperscaler spending is tightening supplies of HBM, DRAM and NAND, driving contract-price increases and diverting production away from consumer electronics. Micron also has 16 strategic customer agreements, including multiyear commitments and pricing protections, improving revenue visibility and reducing—though not eliminating—the impact of traditional memory cycles. Micron: The AI Memory Shortage Has Spread Beyond HBM Positive Sentiment: Analysts and institutional investors remain broadly constructive. Several reports argue that sold-out HBM capacity, strong pricing and a valuation below some semiconductor peers leave room for further gains. Soros Fund Management increased its reported Micron position nearly eightfold in the second quarter, although other investors, including David Tepper, reduced their exposure. Soros Fund Management Increased Micron Nearly Eightfold Neutral Sentiment: Micron also received a legal tailwind. A U.S. appeals court upheld Patent Office rulings invalidating five Netlist memory patents, removing a potential source of litigation pressure. Netlist Loses Patent Infringement Appeal Against Micron Negative Sentiment: China’s CXMT is gaining DRAM share, increasing long-term competition. Reports place CXMT near 10% of the DRAM market, raising concerns that Chinese capacity could eventually pressure pricing and market share, despite Micron’s near-term production being largely committed under contracts. Chinese Chipmaker CXMT Surges to 10% DRAM Share Negative Sentiment: High expectations and external risks are limiting enthusiasm. Critics argue that the upcoming quarterly report must deliver near-perfect execution after MU’s major rally. A potentially restrictive Federal Reserve decision could pressure richly valued growth stocks, while labor tensions in Taiwan—including demands for unusually large bonuses and a possible strike vote—create supply-continuity and margin risks. The Fed’s September Decision Could Hit Micron Harder Than Its Own Earnings Insider Buying and Selling In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 177,204 shares of company stock valued at $182,156,264. 0.24% of the stock is owned by company insiders.

Micron Technology Company 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.

See Also Five stocks we like better than Micron Technology The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern

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Cullen Capital Management LLC purchased a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,223 shares of the semiconductor manufacturer’s stock, valued at approximately $2,566,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MU. Ramsey Quantitative Systems acquired a new stake in Micron Technology during the 2nd quarter worth about $46,000. RHL Group LLC acquired a new position in shares of Micron Technology during the second quarter worth approximately $47,000. Signature Resources Capital Management LLC lifted its position 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 in the last quarter. Davis Capital Management lifted its holdings in shares of Micron Technology by 510.0% in 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 in the last quarter. Finally, Glynn Capital Management LLC lifted its stake in Micron Technology by 40.9% during the 2nd quarter. Glynn Capital Management LLC now owns 62 shares of the semiconductor manufacturer’s stock valued at $72,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades Several research firms have commented on MU. TD Cowen reissued a “buy” rating on shares of Micron Technology in a research report on Friday, July 10th. ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. Wells Fargo & Company lifted their target price on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Needham & Company LLC raised their target price on Micron Technology from $1,550.00 to $1,650.00 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-one have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $1,295.63.

Get Our Latest Stock Analysis on Micron Technology More Micron Technology News Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Record results and upbeat outlook support the bull case. Micron’s fiscal third-quarter revenue reached $41.46 billion, while non-GAAP EPS was $25.11, both well above expectations. Management’s fiscal fourth-quarter outlook—approximately $50 billion in revenue, $31 in non-GAAP EPS and an estimated 86% gross margin—has reinforced expectations for another record quarter. Micron’s Q4 2026 Period Will Be Another Record Quarter Positive Sentiment: AI demand is extending beyond high-bandwidth memory (HBM). Hyperscaler spending is tightening supplies of HBM, DRAM and NAND, driving contract-price increases and diverting production away from consumer electronics. Micron also has 16 strategic customer agreements, including multiyear commitments and pricing protections, improving revenue visibility and reducing—though not eliminating—the impact of traditional memory cycles. Micron: The AI Memory Shortage Has Spread Beyond HBM Positive Sentiment: Analysts and institutional investors remain broadly constructive. Several reports argue that sold-out HBM capacity, strong pricing and a valuation below some semiconductor peers leave room for further gains. Soros Fund Management increased its reported Micron position nearly eightfold in the second quarter, although other investors, including David Tepper, reduced their exposure. Soros Fund Management Increased Micron Nearly Eightfold Neutral Sentiment: Micron also received a legal tailwind. A U.S. appeals court upheld Patent Office rulings invalidating five Netlist memory patents, removing a potential source of litigation pressure. Netlist Loses Patent Infringement Appeal Against Micron Negative Sentiment: China’s CXMT is gaining DRAM share, increasing long-term competition. Reports place CXMT near 10% of the DRAM market, raising concerns that Chinese capacity could eventually pressure pricing and market share, despite Micron’s near-term production being largely committed under contracts. Chinese Chipmaker CXMT Surges to 10% DRAM Share Negative Sentiment: High expectations and external risks are limiting enthusiasm. Critics argue that the upcoming quarterly report must deliver near-perfect execution after MU’s major rally. A potentially restrictive Federal Reserve decision could pressure richly valued growth stocks, while labor tensions in Taiwan—including demands for unusually large bonuses and a possible strike vote—create supply-continuity and margin risks. The Fed’s September Decision Could Hit Micron Harder Than Its Own Earnings Insider Activity at Micron Technology In other Micron Technology news, EVP April Arnzen sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 177,204 shares of company stock worth $182,156,264 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Micron Technology Stock Up 0.2% Shares of NASDAQ:MU opened at $958.16 on Friday. The stock’s 50-day moving average is $937.47 and its 200 day moving average is $732.52. Micron Technology, Inc. has a 1 year low of $118.52 and a 1 year high of $1,255.00. The company has a market cap of $1.08 trillion, a PE ratio of 21.69, a P/E/G ratio of 0.61 and a beta of 2.22. 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 (NASDAQ:MU – Get Free Report) last issued its quarterly earnings data 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. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the firm earned $1.91 EPS. The company’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders 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 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.

(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.

Featured Stories Five stocks we like better than Micron Technology The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern

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GSG Advisors LLC purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 734 shares of the semiconductor manufacturer’s stock, valued at approximately $847,000.

Other hedge funds have also recently modified their holdings of the company. Ramsey Quantitative Systems bought a new position in Micron Technology in the 2nd quarter worth $46,000. RHL Group LLC bought a new stake in Micron Technology during the second quarter valued at about $47,000. Signature Resources Capital Management LLC grew its holdings in Micron Technology by 1,125.0% during the second quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock valued at $57,000 after purchasing an additional 45 shares during the period. Davis Capital Management raised its stake in shares of Micron Technology by 510.0% in the second quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer’s stock worth $70,000 after buying an additional 51 shares during the period. Finally, Glynn Capital Management LLC raised its stake in shares of Micron Technology by 40.9% in the second quarter. Glynn Capital Management LLC now owns 62 shares of the semiconductor manufacturer’s stock worth $72,000 after buying an additional 18 shares during the period. Institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance MU stock opened at $958.16 on Friday. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.08 trillion, a PE ratio of 21.69, a P/E/G ratio of 0.61 and a beta of 2.22. Micron Technology, Inc. has a 12 month low of $118.52 and a 12 month high of $1,255.00. The company has a 50-day moving average price of $937.47 and a 200 day moving average price of $732.52.

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 business 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 company’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current year. Micron Technology Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s payout ratio is currently 1.36%.

Wall Street Analysts Forecast Growth Several equities research analysts recently issued reports on MU shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price target for the company in a research report on Friday, August 14th. DA Davidson increased their price objective on shares of 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. Barclays increased 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 note on Thursday, June 25th. Finally, Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to 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-one have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $1,295.63.

Check Out Our Latest Analysis on MU

Insider Buying and Selling In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,204 shares of company stock valued at $182,156,264 over the last 90 days. 0.24% of the stock is owned by insiders.

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

Positive Sentiment: Record results and upbeat outlook support the bull case. Micron’s fiscal third-quarter revenue reached $41.46 billion, while non-GAAP EPS was $25.11, both well above expectations. Management’s fiscal fourth-quarter outlook—approximately $50 billion in revenue, $31 in non-GAAP EPS and an estimated 86% gross margin—has reinforced expectations for another record quarter. Micron’s Q4 2026 Period Will Be Another Record Quarter Positive Sentiment: AI demand is extending beyond high-bandwidth memory (HBM). Hyperscaler spending is tightening supplies of HBM, DRAM and NAND, driving contract-price increases and diverting production away from consumer electronics. Micron also has 16 strategic customer agreements, including multiyear commitments and pricing protections, improving revenue visibility and reducing—though not eliminating—the impact of traditional memory cycles. Micron: The AI Memory Shortage Has Spread Beyond HBM Positive Sentiment: Analysts and institutional investors remain broadly constructive. Several reports argue that sold-out HBM capacity, strong pricing and a valuation below some semiconductor peers leave room for further gains. Soros Fund Management increased its reported Micron position nearly eightfold in the second quarter, although other investors, including David Tepper, reduced their exposure. Soros Fund Management Increased Micron Nearly Eightfold Neutral Sentiment: Micron also received a legal tailwind. A U.S. appeals court upheld Patent Office rulings invalidating five Netlist memory patents, removing a potential source of litigation pressure. Netlist Loses Patent Infringement Appeal Against Micron Negative Sentiment: China’s CXMT is gaining DRAM share, increasing long-term competition. Reports place CXMT near 10% of the DRAM market, raising concerns that Chinese capacity could eventually pressure pricing and market share, despite Micron’s near-term production being largely committed under contracts. Chinese Chipmaker CXMT Surges to 10% DRAM Share Negative Sentiment: High expectations and external risks are limiting enthusiasm. Critics argue that the upcoming quarterly report must deliver near-perfect execution after MU’s major rally. A potentially restrictive Federal Reserve decision could pressure richly valued growth stocks, while labor tensions in Taiwan—including demands for unusually large bonuses and a possible strike vote—create supply-continuity and margin risks. The Fed’s September Decision Could Hit Micron Harder Than Its Own Earnings Micron Technology Company 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.

Read More Five stocks we like better than Micron Technology The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern 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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Investor s Fiduciary Advisor Network LLC purchased a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 559 shares of the semiconductor manufacturer’s stock, valued at approximately $645,000.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after acquiring an additional 976 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after buying an additional 628 shares during the last quarter. United Bank acquired a new position in Micron Technology during the second quarter worth $236,000. Schnieders Capital Management LLC. raised its position in Micron Technology by 67.9% during the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after acquiring an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Micron Technology by 5.6% in the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock valued at $49,987,000 after acquiring an additional 21,619 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

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

Positive Sentiment: Record results and upbeat outlook support the bull case. Micron’s fiscal third-quarter revenue reached $41.46 billion, while non-GAAP EPS was $25.11, both well above expectations. Management’s fiscal fourth-quarter outlook—approximately $50 billion in revenue, $31 in non-GAAP EPS and an estimated 86% gross margin—has reinforced expectations for another record quarter. Micron’s Q4 2026 Period Will Be Another Record Quarter Positive Sentiment: AI demand is extending beyond high-bandwidth memory (HBM). Hyperscaler spending is tightening supplies of HBM, DRAM and NAND, driving contract-price increases and diverting production away from consumer electronics. Micron also has 16 strategic customer agreements, including multiyear commitments and pricing protections, improving revenue visibility and reducing—though not eliminating—the impact of traditional memory cycles. Micron: The AI Memory Shortage Has Spread Beyond HBM Positive Sentiment: Analysts and institutional investors remain broadly constructive. Several reports argue that sold-out HBM capacity, strong pricing and a valuation below some semiconductor peers leave room for further gains. Soros Fund Management increased its reported Micron position nearly eightfold in the second quarter, although other investors, including David Tepper, reduced their exposure. Soros Fund Management Increased Micron Nearly Eightfold Neutral Sentiment: Micron also received a legal tailwind. A U.S. appeals court upheld Patent Office rulings invalidating five Netlist memory patents, removing a potential source of litigation pressure. Netlist Loses Patent Infringement Appeal Against Micron Negative Sentiment: China’s CXMT is gaining DRAM share, increasing long-term competition. Reports place CXMT near 10% of the DRAM market, raising concerns that Chinese capacity could eventually pressure pricing and market share, despite Micron’s near-term production being largely committed under contracts. Chinese Chipmaker CXMT Surges to 10% DRAM Share Negative Sentiment: High expectations and external risks are limiting enthusiasm. Critics argue that the upcoming quarterly report must deliver near-perfect execution after MU’s major rally. A potentially restrictive Federal Reserve decision could pressure richly valued growth stocks, while labor tensions in Taiwan—including demands for unusually large bonuses and a possible strike vote—create supply-continuity and margin risks. The Fed’s September Decision Could Hit Micron Harder Than Its Own Earnings Wall Street Analyst Weigh In MU has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. DA Davidson increased their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Finally, KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $1,295.63. View Our Latest Analysis on Micron Technology

Micron Technology Trading Up 0.2% NASDAQ MU opened at $958.16 on Friday. The stock has a market capitalization of $1.08 trillion, a P/E ratio of 21.69, a P/E/G ratio of 0.61 and a beta of 2.22. The business has a 50 day simple moving average of $937.47 and a 200 day simple moving average of $732.52. 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 one year low of $118.52 and a one year high of $1,255.00.

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 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%.The company’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 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were paid 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 yield of 0.1%. Micron Technology’s dividend payout ratio is currently 1.36%.

Insider Buying and Selling at Micron Technology In other news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 177,204 shares of company stock valued at $182,156,264 over the last 90 days. Insiders own 0.24% of the company’s stock.

(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.

Read More Five stocks we like better than Micron Technology The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern

Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Cibc World Market Inc. bought a new position in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 224,592 shares of the semiconductor manufacturer’s stock, valued at approximately $259,244,000.

Several other hedge funds and other institutional investors have also modified their holdings of MU. Castlefield Investment Partners LLP acquired a new position in Micron Technology in the 2nd quarter valued at approximately $6,189,000. Osbon Capital Management LLC acquired a new stake in Micron Technology in the 2nd quarter valued at approximately $182,000. OMERS ADMINISTRATION Corp acquired a new position in Micron Technology during the 2nd quarter valued at $396,868,000. Tribune Investment Group LP bought a new stake in Micron Technology in the 2nd quarter valued at $3,890,000. Finally, Osmosis Investment Management UK Ltd bought a new stake in shares of Micron Technology during the second quarter valued at approximately $34,840,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

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

Positive Sentiment: Record results and upbeat outlook support the bull case. Micron’s fiscal third-quarter revenue reached $41.46 billion, while non-GAAP EPS was $25.11, both well above expectations. Management’s fiscal fourth-quarter outlook—approximately $50 billion in revenue, $31 in non-GAAP EPS and an estimated 86% gross margin—has reinforced expectations for another record quarter. Micron’s Q4 2026 Period Will Be Another Record Quarter Positive Sentiment: AI demand is extending beyond high-bandwidth memory (HBM). Hyperscaler spending is tightening supplies of HBM, DRAM and NAND, driving contract-price increases and diverting production away from consumer electronics. Micron also has 16 strategic customer agreements, including multiyear commitments and pricing protections, improving revenue visibility and reducing—though not eliminating—the impact of traditional memory cycles. Micron: The AI Memory Shortage Has Spread Beyond HBM Positive Sentiment: Analysts and institutional investors remain broadly constructive. Several reports argue that sold-out HBM capacity, strong pricing and a valuation below some semiconductor peers leave room for further gains. Soros Fund Management increased its reported Micron position nearly eightfold in the second quarter, although other investors, including David Tepper, reduced their exposure. Soros Fund Management Increased Micron Nearly Eightfold Neutral Sentiment: Micron also received a legal tailwind. A U.S. appeals court upheld Patent Office rulings invalidating five Netlist memory patents, removing a potential source of litigation pressure. Netlist Loses Patent Infringement Appeal Against Micron Negative Sentiment: China’s CXMT is gaining DRAM share, increasing long-term competition. Reports place CXMT near 10% of the DRAM market, raising concerns that Chinese capacity could eventually pressure pricing and market share, despite Micron’s near-term production being largely committed under contracts. Chinese Chipmaker CXMT Surges to 10% DRAM Share Negative Sentiment: High expectations and external risks are limiting enthusiasm. Critics argue that the upcoming quarterly report must deliver near-perfect execution after MU’s major rally. A potentially restrictive Federal Reserve decision could pressure richly valued growth stocks, while labor tensions in Taiwan—including demands for unusually large bonuses and a possible strike vote—create supply-continuity and margin risks. The Fed’s September Decision Could Hit Micron Harder Than Its Own Earnings Insider Activity In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the transaction, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the transaction, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. This trade represents a 31.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 177,204 shares of company stock valued at $182,156,264. 0.24% of the stock is currently owned by company insiders. Micron Technology Stock Up 0.2% NASDAQ MU opened at $958.16 on Friday. The company has a market cap of $1.08 trillion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.61 and a beta of 2.22. 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, Inc. has a 1-year low of $118.52 and a 1-year high of $1,255.00. The company has a 50 day moving average of $937.47 and a 200-day moving average of $732.52.

Micron Technology (NASDAQ:MU – Get Free Report) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the previous year, the company earned $1.91 EPS. The business’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities research analysts expect that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.

Micron Technology Announces Dividend The business also recently declared 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 was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is 1.36%.

Wall Street Analysts Forecast Growth A number of research analysts have commented on MU shares. Zacks Research cut shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. BMO Capital Markets began coverage on Micron Technology in a research note on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 target price on the stock. Stifel Nicolaus boosted their target price on Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Raymond James Financial raised their price objective 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. Finally, Morgan Stanley boosted their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 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-one have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average target price of $1,295.63.

View 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.

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Artificial intelligence (AI) infrastructure stocks are still one of the biggest driving forces in the market. While Nvidia (NVDA +1.80%) helped lead the early charge, other stocks, like Micron (MU +0.22%), have greatly outperformed the AI leader over the past year.

Let's dive into both AI stocks to see which one looks set to outperform over the next five years.

Nvidia was the first big AI winner, and the advantages the company established remain in place today. Meanwhile, despite its massive size, the company continues to put up incredible growth. In Q2 2027, it more than doubled its revenue to a whopping $96.2 billion, with 117% growth in its data center segment. Meanwhile, it projected growth of 89% next quarter and 70% for fiscal 2028 (ending January 2028), while saying it remains capacity-constrained. In other words, it would be growing even faster if it could make more chips.

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At the heart of Nvidia's growth story remains its graphics processing units (GPUs) and its CUDA software platform. Most early AI code was written using CUDA and optimized for its GPUs, which has given the company a wide moat in AI model training. That moat remains intact today, but the company is much more than just GPUs.

Today, Nvidia is a complete AI infrastructure company, offering full server racks designed for specific AI tasks, such as training, inference, and agentic AI. The company took a big leap in the inference market following its "acquisition" of Groq and its language processing units (LPUs). These chips, with a small amount of SRAM (static random-access memory) built in, can access memory quickly and reduce latency, making them great for the decode phase of inference, while its GPUs handle the more compute-heavy pre-fill phase. Meanwhile, it has also developed its own Arm-based central processing units (CPUs) specifically aimed at agentic AI. It then ties it all together with its powerful networking portfolio.

With Nvidia firmly established as the AI model training leader and well positioned for the fast-growing inference and agentic AI markets, this is a company that has a lot of growth in front of it over the next five years. Meanwhile, the stock is still attractively valued, trading at a forward price-to-earnings (P/E) ratio of 14 times analyst estimates for fiscal 2028 (ending January 2028).

Image source: The Motley Fool.

Micron Micron has been riding the memory supercycle to astounding growth. The company saw its revenue last quarter surge to $41.5 billion from $9.3 billion a year ago, while its gross margin expanded to 84.6% from 37.7%. That led its adjusted earnings per share (EPS) to skyrocket from just $1.91 a year earlier to $25.11.

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The revenue growth and margin expansion are coming from a huge supply-demand imbalance within the memory market. The company is one of the big three DRAM makers -- along with Korean companies SK Hynix and Samsung -- and derives around three-quarters of its revenue from DRAM and a quarter from NAND (flash). AI is driving memory demand, as GPUs are packaged with high bandwidth memory (HBM), a special form of DRAM that helps reduce latency and optimize performance, and AI training data is being stored in enormous solid state drives (SSDs) that use flash memory.

Rival SK Hynix has predicted that the DRAM market will remain supply-constrained through at least 2030, while Micron and its rivals have begun to lock in long-term contracts for up to five years for the first time ever. This should help reduce some of the extreme cyclicality the industry has seen in the past.

On a forward P/E basis, Micron looks very cheap, trading at only 6 times analyst estimates for fiscal 2027 (ending August 2027). The question is how long the memory cycle will last and whether there has been enough of a structural shift in the market to keep prices high.

The verdict I think the easy answer here is that Nvidia will outperform Micron over the next five years. Micron is still a cyclical stock until proven otherwise, and five years is a long time for a cycle to last. Meanwhile, Nvidia has built one of the most complete and powerful AI infrastructure companies on the planet, and the stock is very attractively valued given its growth and moat.

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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Jericho Financial LLP bought a new position in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,721 shares of the semiconductor manufacturer’s stock, valued at approximately $8,912,000. Micron Technology accounts for about 4.6% of Jericho Financial LLP’s holdings, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Micron Technology by 21.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after acquiring an additional 628 shares during the period. United Bank bought a new stake in Micron Technology during the 2nd quarter valued at about $236,000. Schnieders Capital Management LLC. grew its stake in Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock worth $2,093,000 after purchasing an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. increased its position in Micron Technology by 5.6% during the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock valued at $49,987,000 after purchasing an additional 21,619 shares during the period. 80.84% of the stock is owned by institutional investors.

Micron Technology Stock Up 2.4% Shares of NASDAQ:MU opened at $956.08 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm has a market capitalization of $1.08 trillion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 0.59 and a beta of 2.22. The firm’s 50-day moving average is $942.57 and its two-hundred day moving average is $728.67. Micron Technology, Inc. has a 1 year low of $117.29 and a 1 year high of $1,255.00.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings data 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. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same period last year, the firm earned $1.91 earnings per share. The company’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current year. Micron Technology Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were issued a $0.15 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is presently 1.36%.

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

Positive Sentiment: AI-related demand remains the primary catalyst. High-bandwidth memory (HBM) used with AI processors is in short supply, and Micron’s HBM4 capacity is reportedly sold out through 2026 under long-term customer agreements. Rising DRAM and NAND contract prices could further improve pricing power and margins. Can Micron Stock Break Out as DRAM and NAND Contract Rates Spike Over 50? Positive Sentiment: Industry analysts argue that AI infrastructure spending is consuming wafer capacity faster than new supply can be added, potentially extending the memory shortage through 2027. This supports bullish forecasts despite Micron’s substantial rally and recent pullback from its high. ETFs to Watch as Memory-Chip Scarcity Could Extend Through 2027 Positive Sentiment: Netlist lost its patent-infringement appeal against Micron, reducing a potential legal overhang. Netlist Loses Patent Infringement Appeal Against Micron Neutral Sentiment: Appaloosa Management, led by David Tepper, reduced its Micron position by 41.4% in the second quarter while adding Taiwan Semiconductor shares for a sixth straight quarter. The filing gives no explanation, so the move may reflect portfolio allocation rather than a change in Micron’s fundamentals. David Tepper Cut Micron Position Negative Sentiment: Labor uncertainty remains a risk after unions representing much of Micron’s Taiwan workforce threatened a strike over bonuses and profit sharing. Reports that Micron may offer record bonuses could avert a walkout, but would increase costs. Micron Taiwan Unions Threaten Strike Negative Sentiment: China’s CXMT is advancing domestic HBM and LPDDR6 production, raising longer-term competition and geopolitical risks. Nvidia’s planned investment in additional supply and capacity also suggests today’s extreme memory pricing may eventually attract more industry supply. Insider Transactions at Micron Technology In related news, Director Lynn A. Dugle sold 1,300 shares of the business’s 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 177,204 shares of company stock worth $182,156,264. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Friday, August 7th. Raymond James Financial raised their target price on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Needham & Company LLC upped their target price on Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $1,295.63.

Read Our Latest Report on 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.

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Commerce Bank acquired a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 86,245 shares of the semiconductor manufacturer’s stock, valued at approximately $99,552,000.

Several other hedge funds also recently bought and sold shares of MU. State Street Corp increased its stake in Micron Technology by 2.1% during the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after purchasing an additional 1,090,644 shares during the period. Andar Capital Management HK Ltd increased its stake in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the period. Norges Bank acquired a new stake in Micron Technology during the 4th quarter worth approximately $6,433,456,000. Morgan Stanley lifted its holdings in Micron Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after buying an additional 794,289 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Micron Technology by 1.9% in the 4th quarter. Northern Trust Corp now owns 10,654,349 shares of the semiconductor manufacturer’s stock valued at $3,040,858,000 after buying an additional 194,550 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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

Positive Sentiment: AI-related demand remains the primary catalyst. High-bandwidth memory (HBM) used with AI processors is in short supply, and Micron’s HBM4 capacity is reportedly sold out through 2026 under long-term customer agreements. Rising DRAM and NAND contract prices could further improve pricing power and margins. Can Micron Stock Break Out as DRAM and NAND Contract Rates Spike Over 50? Positive Sentiment: Industry analysts argue that AI infrastructure spending is consuming wafer capacity faster than new supply can be added, potentially extending the memory shortage through 2027. This supports bullish forecasts despite Micron’s substantial rally and recent pullback from its high. ETFs to Watch as Memory-Chip Scarcity Could Extend Through 2027 Positive Sentiment: Netlist lost its patent-infringement appeal against Micron, reducing a potential legal overhang. Netlist Loses Patent Infringement Appeal Against Micron Neutral Sentiment: Appaloosa Management, led by David Tepper, reduced its Micron position by 41.4% in the second quarter while adding Taiwan Semiconductor shares for a sixth straight quarter. The filing gives no explanation, so the move may reflect portfolio allocation rather than a change in Micron’s fundamentals. David Tepper Cut Micron Position Negative Sentiment: Labor uncertainty remains a risk after unions representing much of Micron’s Taiwan workforce threatened a strike over bonuses and profit sharing. Reports that Micron may offer record bonuses could avert a walkout, but would increase costs. Micron Taiwan Unions Threaten Strike Negative Sentiment: China’s CXMT is advancing domestic HBM and LPDDR6 production, raising longer-term competition and geopolitical risks. Nvidia’s planned investment in additional supply and capacity also suggests today’s extreme memory pricing may eventually attract more industry supply. Analyst Ratings Changes MU has been the subject of several research reports. Wells Fargo & Company boosted their price target on shares of Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Wedbush boosted their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Citigroup cut their price target on Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Susquehanna lifted their price objective on 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. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $1,295.63. Check Out Our Latest Analysis on Micron Technology

Insider Activity at Micron Technology In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 177,204 shares of company stock valued at $182,156,264 in the last quarter. Company insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance NASDAQ:MU opened at $956.08 on Thursday. Micron Technology, Inc. has a 12 month low of $117.29 and a 12 month high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm has a market capitalization of $1.08 trillion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 0.59 and a beta of 2.22. The business’s fifty day moving average price is $942.57 and its 200 day moving average price is $728.67.

Micron Technology (NASDAQ:MU – Get Free Report) last announced 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 company had revenue of $41.46 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal 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 issued 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 dividend payout ratio (DPR) is presently 1.36%.

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.

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Arbe Robotics (NASDAQ:ARBEW – Get Free Report) and Micron Technology (NASDAQ:MU – Get Free Report) are both technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, profitability, risk, dividends and earnings.

Analyst Recommendations This is a summary of current ratings and recommmendations for Arbe Robotics and Micron Technology, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Arbe Robotics 0 0 0 0 0.00 Micron Technology 0 3 31 4 3.03 Micron Technology has a consensus target price of $1,295.63, indicating a potential upside of 35.52%. Given Micron Technology’s stronger consensus rating and higher possible upside, analysts plainly believe Micron Technology is more favorable than Arbe Robotics.

Insider & Institutional Ownership 80.8% of Micron Technology shares are held by institutional investors. 0.2% of Micron Technology shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth. Valuation and Earnings This table compares Arbe Robotics and Micron Technology”s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Arbe Robotics $1.88 million N/A N/A N/A N/A Micron Technology $90.27 billion 11.96 $8.54 billion $44.17 21.65 Micron Technology has higher revenue and earnings than Arbe Robotics.

Profitability This table compares Arbe Robotics and Micron Technology’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Arbe Robotics N/A N/A N/A Micron Technology 55.91% 71.13% 50.33% Summary Micron Technology beats Arbe Robotics on 10 of the 10 factors compared between the two stocks.

About Arbe Robotics (Get Free Report)

Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Hong Kong, Sweden, Germany, the United States, Israel, and internationally. It offers 4D imaging radar chipset solutions that address the core issues that have caused autonomous vehicle and autopilot accidents, such as detecting stationary objects, identifying vulnerable road users, operation at poor lighting conditions, and eliminating false alarms without radar ambiguities. The company was founded in 2015 and is headquartered in Tel Aviv-Yafo, Israel.

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Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, networking, industrial, and automotive markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

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The artificial intelligence (AI) build-out is providing some generational investment opportunities that investors cannot afford to miss. The returns you can earn in this time frame will be unavailable during most of your life, and positioning your portfolio to take advantage of this incredible opportunity is the best thing you can do. If you're looking for stock ideas to take advantage of, I've got three great ones that I think will be long-term beneficiaries of this trend.

The three I'm buying are Alphabet (GOOG +0.53%) (GOOGL +0.63%), Nvidia (NVDA +3.21%), and Micron Technology (MU +2.42%). These three are all primed to rise throughout the rest of 2026 and into 2027, making them great buys right now.

Image source: Getty Images.

Alphabet At the outset of the AI arms race, Alphabet fell a bit behind some of its peers. However, that has turned around, and now Alphabet is broadly recognized as a leader in this segment. Alphabet's AI models have been integrated into its legacy products, such as the Google Search engine and its YouTube video streaming service. However, where Alphabet is making the bulk of its profit from AI is in cloud computing.

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Alphabet plans to make about $200 billion in capital expenditures this year, with nearly all of that going to build data centers. This is to fuel its cloud computing unit, which is seeing incredible demand. The company's past efforts are turning into gigantic revenue growth, with Google Cloud revenue increasing 82% year over year in Q2.

If Alphabet can keep this up (which it likely can due to huge demand and enormous investments), it will see major growth in this sector of its business. With the rest of the business also thriving thanks to AI features, Alphabet is a no-brainer buy and set to be one of the biggest long-term beneficiaries of the AI build-out.

Nvidia Nvidia is the world's largest company by market value, and it has risen to this spot due to supplying a vast majority of the computing units deployed in the AI arms race. It has had an incredible run, but it's far from over yet. Although some Wall Street analysts were projecting a slowdown in Nvidia's growth next year, Nvidia countered those estimates.

It told investors it expects about 70% revenue growth next year -- simply incredible considering the company's size. However, none of this has been priced into Nvidia's stock yet, and it trades for a modest 24 times this year's earnings estimates.

NVDA PE Ratio (Forward) data by YCharts

If Nvidia ends the year at this market-average valuation, then next year it will be free to rise in line with its business growth: about 70%. If you can snag a stock that can return 70% in one year, you're a happy investor. I think Nvidia is a great bargain here, and with its dominance, it makes for a top AI stock to buy right now.

Micron Last is Micron, which is getting a huge boost from the AI build-out. The demand from the AI hyperscalers has eaten up all available memory chip production capacity, causing component prices to soar. Micron is a key memory chip supplier, and with none of its input costs changing, its revenue and profits have soared during the past year.

MU Revenue (Quarterly YoY Growth) data by YCharts

The supply shortage isn't expected to ease until 2028, and even then, there's no knowing what the market will look like. This could be the long-term reset the memory market needs to become a top industry to invest in. With Wall Street analysts expecting Micron's revenue to grow at an 85% pace in fiscal year 2027 (ending August 2027), it makes for a strong investment pick right now, especially considering it trades for a dirt cheap 6 times fiscal year 2027 earnings estimates.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU, NVDA 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Micron Technology (MU +2.42%) stock closed at $958.73 on Monday, Aug. 31, which was 21% below its June all-time high. But just to keep things in perspective, the stock is still sitting on an eye-popping one-year gain of 680%.

Micron supplies some of the world's best high-bandwidth memory (HBM) for data centers, a critical component in the artificial intelligence (AI) hardware stack. Demand is currently through the roof and supply remains tight, giving the company an unprecedented ability to dictate prices.

However, the supply-demand imbalance could resolve during the next year or two, potentially hurting Micron's financial performance. Therefore, although its stock is trading at a very attractive valuation, it isn't a straightforward buy right now. Here's why I'm steering clear despite the recent dip.

Image source: The Motley Fool.

Why Micron stock is pulling back According to Nvidia, the five largest hyperscale companies (which includes the likes of Microsoft and Amazon), will spend nearly $800 billion combined on AI data center infrastructure during 2026, with a substantial chunk of that money going toward chips and components. Nvidia says that spending figure could top $1.3 trillion in 2027.

Those companies have to earn a return on all of that spending; otherwise, it won't make economic sense. Some of them will make money by renting computing capacity to other businesses for a fee, whereas others will charge for the use of their AI models and software applications. But making money isn't easy with hardware costs surging; a recent report by Bloomberg suggests Nvidia has informed customers of a 15% price increase, partly because of rising HBM prices.

To recoup some of the climbing costs, companies like Microsoft and Anthropic recently implemented passive price increases for the use of their AI models and software, which has forced some organizations to rethink their spending. Uber Technologies, Walmart, AT&T, and Amazon are just some of the companies that have implemented AI usage caps on their employees to prevent budget blowouts.

According to a recent survey by UBS Group, about 60% of businesses are now routing tasks to cheaper, more efficient AI models to help reduce usage costs. These models typically consume less computing power, which might be bad news for semiconductor demand.

To make matters worse, lawmakers in more than a dozen U.S. states have introduced legislation to temporarily ban the construction of new data centers while they weigh the social, economic, and environmental impacts. This will be a problem for many planned infrastructure projects, and the effects could flow through to Micron and other chip makers in the form of lower sales.

Micron's revenue continues to skyrocket The aforementioned AI headwinds haven't shown up in Micron's financial results. The company generated a record $41.4 billion in total revenue during its fiscal 2026 third quarter (ended May 28), a staggering 346% increase from the year-ago period. All four segments of its business produced triple-digit percentage growth, thanks to AI-related memory demand for data centers, computers, smartphones, and even cars.

The supply-demand imbalance in the memory market is giving Micron an unprecedented ability to dictate prices, which is a big reason for its rapid revenue growth. That is also boosting the company's profit margins, which is why its third-quarter earnings soared by an eye-popping 1,368% to $24.67 per share.

Management's forecast points to another set of blockbuster results in the fourth quarter, which just ended on Aug. 31. The company is expected to have $50 billion in sales and earnings of $30.73 per share. The final numbers will be revealed at the end of September.

Micron stock looks like an absolute bargain right now. Based on the company's trailing 12-month earnings of $44.23 per share, its stock is trading at a price-to-earnings (P/E) ratio of just 21, making it cheaper than both the S&P 500 and Nasdaq-100 indexes, which have P/E ratios of 24.5 and 34.3, respectively.

Plus, if Micron's earnings rise to $155.03 per share in fiscal 2027 like Wall Street expects (according to Yahoo! Finance), then its stock has an even more attractive forward P/E ratio of just 6.

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Why would a company growing at Micron's pace be trading at a discount to the broader market? Simply put, I think Wall Street knows the company's earnings will eventually crash back down to Earth. If a slowdown in demand doesn't cause it, then an increase in supply might, because every memory company is racing to build more manufacturing capacity right now. During the next few years, higher supply levels will erode Micron's ability to dictate prices, so the company probably won't be able to maintain its current level of earnings.

As a result, if we look a few years into the future, Micron stock might be more expensive than it currently appears. That's why I don't plan to buy the recent dip.

Earnings season is just about wrapped up, and for the artificial intelligence (AI) crowd, the script was unusually consistent. Four of the most powerful companies in the technology world spent meaningful airtime during their earnings calls talking about one input to the cost structure: memory.

Not models. Not load power. Not even graphics processing units (GPUs), at least not at first. High-bandwidth memory (HBM), DRAM, and NAND were in the spotlight during various earnings calls. In a way, this is ironic, as these products used to be viewed as common commodities. Now, CEOs are treating memory and storage like scarce precious metals.

The story is straightforward: The companies writing the biggest checks just told investors that memory prices are still going up, supply remains tight, and they are going to keep spending anyway. For investors who own shares of Micron Technology (MU +2.42%) or Sandisk (SNDK +1.08%), this should be music to your ears.

Image source: Getty Images.

Four CEOs, one common discussion Tim Cook didn't hedge during his final earnings call as Apple's (AAPL -0.05%) CEO. He told investors that Apple paid more for memory during the March quarter than in the December quarter, and subsequently expected to pay "significantly more" in the June quarter. He went on to say that he expects to pay an even higher premium in the September quarter, describing the memory supercycle as "a 100-year flood." Apple raised Mac and iPad prices to partially offset rising memory costs. While that helped offset some of the toll rising memory costs took on its margins, Cook made it clear that pricing dynamics could hit Apple even harder in the current quarter.

Elon Musk was more blunt. During Tesla's (TSLA +0.26%) earnings call, he singled out Micron by name, thanking the chipmaker for giving Tesla a "very significant allocation on reasonable terms given the pretty insane pricing of memory these days." During the SpaceX earnings call, Musk did his best to quantify what the memory landscape currently looks like. He suggested that memory production is rising by around 20% a year, which would be a great accomplishment under normal circumstances. However, if that level of growth is occurring while demand is rising by, say, 200%, then Economics 101 makes it clear that prices must rise.

During Amazon's (AMZN +0.02%) second-quarter earnings call, investors learned the company had increased its capital expenditure budget for the year from about $200 billion to $220 billion. CEO Andy Jassy explained that "the higher cost of memory" had pushed its capex requirements higher, but even with that extra $20 billion, the hyperscaler still won't be able to build enough compute capacity this year to meet its existing demand. Jassy expects that compute shortage to persist into 2027.

Jensen Huang's version of the memory story was on display during Nvidia's (NVDA +3.21%) fiscal 2027 second-quarter earnings call last week. The giant chipmaker sees demand for its processors that would support far more than 70% revenue growth in its fiscal 2028. But current supply dynamics support the 70% forecast. To ensure Nvidia can keep up with demand, the company has locked in $279 billion of supply and capacity commitments through its fiscal 2032, "primarily related to the procurement of memory." Of that figure, $267 billion relates to supply contracts for the next two and a half years.

The theme here is that four different companies explicitly described the same bottleneck as it pertains to their artificial intelligence (AI) build-outs: constrained supplies of memory.

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The AI capex cycle isn't drying up; it's just getting more expensive Here's the part of the AI story some investors keep getting backward. Rising memory prices are not proof that the AI infrastructure build-out is about to slow down. Rather, it's evidence that even the largest buyers still can't procure enough silicon even after memory prices have already exploded. If this were a fading cycle, big tech players would be cutting their spending. Instead, they are doing the opposite.

Amazon raised its capex budget purely because memory costs more now and because the company still needs more racks. Nvidia is guiding for unprecedented growth, yet still says the real constraint in the chip value chain is memory supply, not GPU demand. Apple is paying a premium for HBM and DRAM, and simply passing some of its higher costs on to customers. Meanwhile, Tesla and SpaceX are grateful just to get invitations to the party.

To me, this is what a durable supercycle looks like: Capex remains elevated because the opportunity cost of frugality would be to leave demand on the table. Memory supply tightness is not a mere side effect sitting alongside the AI boom. Memory is the boom, and it's showing up in big tech's receipts.

Why is this good news for Micron and Sandisk? For now, the pain that the tech sector is feeling over soaring memory prices is real, and it's showing up in two obvious places: gross margins and free cash flows.

Apple has already experienced a sequential drop in its gross margin due to soaring memory costs, while Nvidia is doing damage control ahead of time -- walking investors down from a gross margin profile in the mid-70s percentages toward the low-70s percentages as memory inflation works through its supply chain.

Meanwhile, Amazon and Tesla have experienced weaker cash conversion as they accelerate their capital expenditures and build more data centers or buy more chips. Many hyperscalers' free-cash-flow figures got ugly during the same quarter they were bragging about demand for their compute. That is the opportunity cost of building this infrastructure. Companies are laying out more cash up front, and the chips inside their servers cost more than their models assumed even just six months ago.

Someone is on the other side of this trade. Micron is selling into a market where only three DRAM suppliers have real pricing power, and HBM is sold out in advance going into next year. Sandisk specializes in NAND flash, prices of which are getting dragged higher as capacity budgets move downstream toward storage.

MU PE Ratio (Forward) data by YCharts.

The takeaway here is that the AI capex cycle is very much intact and squeezing the memory buyers. Higher memory prices and bigger data center build-outs are two sides of the same invoice. The companies paying the invoice are already telegraphing a warning. The companies printing the invoice -- Micron and Sandisk -- are the ones the warning is for. With both of these memory stocks trading at modest forward price-to-earnings (P/E) multiples between 6 and 7, it could be that Micron and Sandisk remain grossly undervalued. In that context, they represent compelling opportunities to buy now and hold as the AI infrastructure era matures.

Micron (MU - Free Report) ended the recent trading session at $956.08, demonstrating a +2.43% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.46%. Meanwhile, the Dow experienced a rise of 0.56%, and the technology-dominated Nasdaq saw an increase of 0.45%.

Shares of the chipmaker witnessed a gain of 4.57% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.69%, and outperforming the S&P 500's gain of 2%.

The upcoming earnings release of Micron will be of great interest to investors. The company's earnings report is expected on September 30, 2026. The company is expected to report EPS of $31.39, up 935.97% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $50.76 billion, indicating a 348.58% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $73.86 per share and revenue of $129.61 billion. These totals would mark changes of +790.95% and +246.76%, respectively, from last year.

Investors should also pay attention to any latest changes in analyst estimates for Micron. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.01% upward. Right now, Micron possesses a Zacks Rank of #2 (Buy).

From a valuation perspective, Micron is currently exchanging hands at a Forward P/E ratio of 5.91. This expresses a discount compared to the average Forward P/E of 20.03 of its industry.

It is also worth noting that MU currently has a PEG ratio of 0.59. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. MU's industry had an average PEG ratio of 0.59 as of yesterday's close.

The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 41, finds itself in the top 17% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.