Micron just delivered a quarter that shattered records and sent shares soaring past $1,000, but the real debate starts now: whether a stock already up over 250% this year has enough fuel left to double again before 2030.
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Micron just posted the most explosive quarter in its history, and the stock reflects it. Micron Technology (NASDAQ:MU | MU Price Prediction) delivered fiscal Q3 2026 revenue of $41.46 billion, up 345.72% year over year, with non-GAAP EPS of $25.11 and a GAAP gross margin of 84.6%.
Shares are up 257.77% year to date to $1,020.48. CEO Sanjay Mehrotra says “the memory industry has been structurally transformed by the proliferation of AI.” The question I want to answer: can MU double to $2,000 by 2030?
What’s Actually Holding Micron Back Right Now Nothing, in the near term. That is the problem. After a powerful run, the stock is arguably digesting gains rather than lagging. MU is up 9.39% in the past week and 14.25% over the past month, so “stuck” is relative. The real gravity here is valuation math and cyclicality memory.
With a beta of 2.222, MU swings hard both ways. Our own model rates it a hold with a predicted price of $979.34 and an implied upside of -3.56%. Management even flagged a $325 million loss on debt prepayments. Add heavy capex plans of roughly $27 billion in fiscal 2026, and the pause makes sense.
Wall Street Sees Upside While Valuation Signals Fair Value The consensus is emphatic. Analysts carry a target price of $1,513.11, with 9 Strong Buys, 35 Buys, 4 Holds, and zero Sells. Bullish sentiment sits at 92%. Our internal model, run at high confidence (0.9), lands at $979.34, calling MU roughly fair here.
Where I lean toward the analysts: forward EPS estimates for fiscal 2027 have moved from $102.72 ninety days ago to $155.03 today. That is a meaningful upward revision. Wall Street’s stance looks reasonable, in my view. Our valuation approach applies discipline to mega-cap names, which limits how far the fair-value estimate can extend.
Charting Micron’s Path to $2,000 Per Share Reaching $2,000 from today’s price of $1,020.48 would require a gain of 96%. With forward EPS of $64.90, a price of $2,000 implies a forward P/E of 31x. Our base case of $979.34 already implies 23x, meaning the bold target requires roughly 8x of additional multiple expansion (or, more likely, EPS growth that compresses that forward multiple back toward the market).
Here is why that is achievable. Micron has signed 16 Strategic Customer Agreements with cumulative minimum-price revenue of approximately $100 billion, backed by $22 billion in customer cash deposits and letters of credit.
Mehrotra told investors “we expect tight conditions to persist beyond calendar 2027” and “HBM4 12 high volume ramp is tracking twice as fast as HBM3E 12 high.” Fiscal 2027 EPS consensus of $155.03 means the stock could grow into a 13x multiple at $2,000.
The primary risk: memory is cyclical, and a customer capex reset would blow up the thesis.
Where MU Trades Today Versus Its Earnings Power MU currently trades at roughly 16x forward EPS of $64.90. That looks reasonable for a company guiding fiscal Q4 revenue of $50 billion and EPS of $31. Shares sit between a 52-week low of $131.35 and a 52-week high of $1,254.81.
Over the past decade, MU has returned 6,053.28%. A double from here in four years is aggressive, yet it sits within the range of what this business has delivered when the AI cycle cooperates.
Is $2,000 Realistic? My Verdict $2,000 by 2030 requires a 96% gain and either sustained multiple expansion toward 31x forward earnings or continued upward EPS revisions that make today’s multiple look pedestrian. My verdict: a stretch, but a credible one.
Three things need to go right. HBM4 and HBM4E must ramp on schedule, the Strategic Customer Agreements must deliver the promised revenue floor, and memory supply must stay tight through 2028.
What would derail it: a demand air pocket in AI infrastructure spending. Returns at this level shouldn’t be expected every year, but we’ve outlined the blueprint for how Micron Technology could reach $2,000 in 2030.
Contact [email protected] for any questions or corrections.
July data from World Semiconductor Trade Statistics and the Semiconductor Industry Association imply a 9.8% m/m decline in global semiconductor sales, led by a 16.3% m/m drop in memory revenue. However, rising DRAM and NAND ASPs, coupled with their lower July shipments, indicate worsening supply constraints rather than underlying demand deterioration, reinforcing durability of Micron Technology, Inc.'s growth and earnings outlook. Nvidia's Rubin Ultra despec also suggests greater accelerator output, preserving aggregate HBM bit demand growth despite lower memory content per chip.
The biggest AI gains of the next two years may come from names most investors overlook entirely. Six stocks spanning cloud infrastructure, memory, connectivity, and quantum each have a credible path to round-number targets that leave Wall Street consensus in…
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When investors think about AI winners, the conversation usually starts and ends with a familiar handful of mega-caps. I think the more interesting bull cases for 2027 sit one layer deeper: in GPU clouds, memory, connectivity silicon, and quantum.
The buildout has to be powered, cooled, and wired by somebody, and we pulled seven of those infrastructure names into a free report on the AI stocks that aren’t chipmakers. Six more names stand out here. Here is how each could hit a round-number target above Wall Street’s consensus over the next year.
CoreWeave: A Path to $175 CoreWeave (NASDAQ:CRWV) is up 42.91% year to date at $102.34. Q2 revenue jumped 112% year over year with a $104 billion backlog, plus over $25 billion in new commitments in early Q3.
CEO Mike Intrator says “demand continues to exceed supply across sectors, geographies, and generations of infrastructure.” Consensus sits at $144.46. A push to $175 requires the market to reward accelerating margins (adjusted EBITDA margin already at 59%) and Vera Rubin ramp economics.
Nebius Group: Why $350 Is In Play Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) has ripped 197.65% YTD to $249.15. Q2 revenue grew 454% YoY, and CEO Arkady says Nebius could sell its entire 2027 capacity under mid-term contracts today. A capacity auction cleared 15% above its prior Blackwell high.
With Wall Street at $286.69, a $350 print would require the 5 GW contracted-power target and the asset-light model to translate into 2027 guidance that eclipses today’s numbers.
Micron: The Case for $1,750 Micron Technology (NASDAQ:MU) posted fiscal Q3 revenue of $41.456B, +345.7% YoY, its seventh consecutive EPS beat. CEO Sanjay Mehrotra flagged 16 Strategic Customer Agreements covering roughly $100 billion in minimum revenue.
Fiscal 2027 EPS estimates have climbed from $102.72 ninety days ago to $155.02. At $1,750, MU would trade near 11x FY27 EPS. Consensus target is $1,513.11; another HBM4 upgrade cycle could get us there.
IonQ: Charting a Route to $80 IonQ (NYSE:IONQ) delivered a fifth consecutive record quarter with revenue up 286.8%. CEO Niccolo de Masi says the SkyWater and Nexus closes “extend IonQ’s full-stack quantum platform.”
Shares at $43.28 are essentially flat YTD despite a $67.68 analyst target. The 256-qubit commissioning slated for 2027 plus White House quantum executive orders could catalyze a move to $80.
Rigetti Computing: Why $35 Isn’t Crazy Rigetti Computing (NASDAQ:RGTI) at $15.86 is down 28.42% YTD. The 108-qubit Cepheus system hit 99.9% median single-qubit fidelity, and a Department of Commerce LOI targets up to $100 million in CHIPS Act funding. Cash sits at $541.29M with no debt.
Consensus is $28.81. Converting the LOI, plus the HPE/PSC delivery in 2027, could carry shares to $35, a level RGTI has traded well above as recently as October 2025.
Astera Labs: How $500 Happens Astera Labs (NASDAQ:ALAB) has logged eight consecutive EPS beats. Q2 revenue grew 104.5%, and CEO Jitendra Mohan sees Scorpio becoming the largest product family, “one quarter ahead of our prior expectations.”
Future Scorpio X content per XPU is targeted above $1,000. FY27 EPS estimates jumped from $4.20 to $6.39 in 90 days. Consensus target is $389.95; a $500 print implies roughly 78x FY27 EPS, rich but consistent with hyper-growth peers.
Bottom Line on the Next Winners Each of these six sits at a different point in the AI stack, and each has a credible path to a round-number bull-case target above Wall Street consensus over the next year. Returns of this magnitude should not be expected every year. But between accelerating backlogs, rising estimates, and 2027 product cycles, we have outlined the blueprint for how the next AI winners could break out.
Contact [email protected] for any questions or corrections.
Cullinan Associates Inc. acquired a new stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 800 shares of the semiconductor manufacturer’s stock, valued at approximately $923,000.
A number of other institutional investors have also made changes to their positions in the business. Heritage Trust Co grew its stake in Micron Technology by 9.7% in the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after purchasing an additional 1,323 shares in the last quarter. Castleark Management LLC bought a new stake in shares of Micron Technology during the 1st quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Micron Technology by 16.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after buying an additional 6,702 shares during the last quarter. Legacy Wealth Management LLC MS grew its stake in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after buying an additional 1,499 shares in the last quarter. Finally, PKO BP BANKOWY Universal Pension Society JSC bought a new position in shares of Micron Technology in the fourth quarter valued at $61,306,000. Institutional investors own 80.84% of the company’s stock.
Insider Transactions at Micron Technology In other Micron Technology news, CAO Scott Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents 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, Director Lynn Dugle sold 1,300 shares of Micron Technology stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director directly owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This represents a 6.83% decrease in their position. 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.
Micron Technology Stock Down 1.6% Micron Technology stock opened at $1,000.26 on Wednesday. The stock has a market cap of $1.13 trillion, a P/E ratio of 22.65, a P/E/G ratio of 0.64 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology, Inc. has a twelve month low of $131.56 and a twelve month high of $1,255.00. The company’s 50-day moving average price is $929.50 and its two-hundred day moving average price is $745.20. 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, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The business’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current 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 was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is 1.36%.
Micron Technology News Summary Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Wall Street Analyst Weigh In Several analysts have issued reports on MU shares. Raymond James Financial upped their price target on shares of 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. Zacks Research lowered shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. UBS Group reaffirmed a “buy” rating on shares of Micron Technology in a report on Monday, August 10th. Needham & Company LLC raised their target price on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Four investment 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, the company presently has a consensus rating of “Buy” and a consensus target price of $1,295.63.
Get Our Latest Analysis on Micron Technology
Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Further Reading Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For 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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Ancora Advisors LLC cut its holdings in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 14.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,982 shares of the semiconductor manufacturer’s stock after selling 1,388 shares during the period. Ancora Advisors LLC’s holdings in Micron Technology were worth $9,214,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Ramsey Quantitative Systems acquired a new position in shares of Micron Technology during the 2nd quarter valued at about $46,000. RHL Group LLC bought a new stake in Micron Technology during the second quarter worth approximately $47,000. Philadelphia Investment Partners LLC bought a new stake in Micron Technology during the second quarter worth approximately $54,000. 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 last quarter. Finally, Davis Capital Management grew its holdings in Micron Technology by 510.0% during the second quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer’s stock valued at $70,000 after purchasing an additional 51 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Micron Technology In related 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 sale, the director directly owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, 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. In the last 90 days, insiders have sold 177,204 shares of company stock worth $182,156,264. Insiders own 0.24% of the company’s stock.
Analysts Set New Price Targets A number of analysts have recently weighed in on the stock. Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology in a research note on Monday, June 22nd. Raymond James Financial upped 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. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 target price on the stock in a research note on Friday, August 14th. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Finally, KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research report on Monday, July 20th. Four investment 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 company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $1,295.63. View Our Latest Stock Analysis on MU
Key Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Micron Technology Stock Down 1.6% MU opened at $1,000.26 on Wednesday. The business has a 50 day moving average of $929.50 and a 200-day moving average of $745.20. The stock has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 0.64 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 $131.56 and a 1-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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion 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%. Micron Technology’s revenue was up 345.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 earnings per share for the current year.
Micron Technology Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. 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 payout ratio is presently 1.36%.
(Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Featured Articles Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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Alyeska Investment Group L.P. decreased its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 98.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,957 shares of the semiconductor manufacturer’s stock after selling 1,973,774 shares during the quarter. Alyeska Investment Group L.P.’s holdings in Micron Technology were worth $29,962,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of MU. Andar Capital Management HK Ltd lifted its holdings in Micron Technology by 856,960.3% in 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 purchased a new position in shares of Micron Technology during the fourth quarter valued at approximately $6,433,456,000. Primecap Management Co. CA bought a new position in shares of Micron Technology during the second quarter valued at approximately $22,182,263,000. Legal & General Group Plc bought a new position in shares of Micron Technology during the second quarter valued at approximately $8,402,393,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Micron Technology during the second quarter valued at approximately $3,761,237,000. 80.84% of the stock is owned by institutional investors.
Insider Activity at Micron Technology In related news, EVP April Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the transaction, the executive vice president directly owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Dugle sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 177,204 shares of company stock valued at $182,156,264 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.
Micron Technology News Roundup Here are the key news stories impacting Micron Technology this week: Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Micron Technology Stock Performance Micron Technology stock opened at $1,000.26 on Wednesday. Micron Technology, Inc. has a twelve month low of $131.56 and a twelve month high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.13 trillion, a P/E ratio of 22.65, a PEG ratio of 0.64 and a beta of 2.22. The stock’s 50 day moving average is $929.50 and its 200 day moving average is $745.20.
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 analysts’ consensus estimates 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 analysts’ expectations of $35.91 billion. During the same quarter in the previous year, the business earned $1.91 earnings per share. The firm’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 research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.
Micron Technology Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a dividend of $0.15 per share. 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 dividend payout ratio is 1.36%.
Wall Street Analyst Weigh In Several research firms recently weighed in on MU. Stifel Nicolaus lifted their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 18th. ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Wells Fargo & Company boosted 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 research report on Thursday, June 25th. New Street Research raised 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 note on Friday, August 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $1,500.00 target price on shares of Micron Technology in a research note 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.com, the company presently has an average rating of “Buy” and a consensus price target of $1,295.63.
Read Our Latest Research Report on MU
Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Featured Stories Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For 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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GTS Securities LLC reduced its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 25.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,538 shares of the semiconductor manufacturer’s stock after selling 17,802 shares during the quarter. Micron Technology accounts for 1.3% of GTS Securities LLC’s portfolio, making the stock its 12th largest position. GTS Securities LLC’s holdings in Micron Technology were worth $61,798,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. High Note Wealth LLC lifted its holdings in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Micron Technology during the first quarter worth about $27,000. Bayban bought a new position in shares of Micron Technology during the fourth quarter worth about $29,000. WealthCollab LLC raised its position in Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 270 shares during the last quarter. Finally, Financial Life Planners acquired a new stake in Micron Technology in the 1st quarter valued at approximately $36,000. 80.84% of the stock is owned by institutional investors and hedge funds.
Micron Technology Trading Down 1.6% Shares of Micron Technology stock opened at $1,000.26 on Wednesday. Micron Technology, Inc. has a 12-month low of $131.56 and a 12-month high of $1,255.00. The stock has a market cap of $1.13 trillion, a P/E ratio of 22.65, a P/E/G ratio of 0.64 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $929.50 and its 200-day moving average is $745.20.
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. The business 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 firm’s revenue was up 345.8% on a year-over-year basis. During the same period last 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 predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year. Micron Technology Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is 1.36%.
Insider Activity at Micron Technology In related news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the business’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 transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 177,204 shares of company stock worth $182,156,264 over the last ninety days. Company insiders own 0.24% of the company’s stock.
Key Headlines Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Wall Street Analyst Weigh In A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Raymond James Financial lifted their price objective on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. TD Cowen reissued a “buy” rating on shares of Micron Technology in a research report on Friday, July 10th. Zacks Research cut shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, DA Davidson raised their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research 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. According to MarketBeat, Micron Technology presently has an average rating of “Buy” and a consensus price target of $1,295.63.
View Our Latest Report on MU
Micron Technology Company Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Further Reading Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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.
Cookson Peirce & Co. Inc. grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,410 shares of the semiconductor manufacturer’s stock after buying an additional 919 shares during the quarter. Micron Technology accounts for about 2.5% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 7th biggest position. Cookson Peirce & Co. Inc.’s holdings in Micron Technology were worth $75,502,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heritage Trust Co lifted its stake in Micron Technology by 9.7% during the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after acquiring an additional 1,323 shares in the last quarter. Castleark Management LLC bought a new stake in shares of Micron Technology in the 1st quarter worth $3,709,000. Oppenheimer & Co. Inc. raised its holdings in shares of Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after purchasing an additional 6,702 shares during the last quarter. Legacy Wealth Management LLC MS raised its holdings in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after purchasing an additional 1,499 shares during the last quarter. Finally, PKO BP BANKOWY Universal Pension Society JSC bought a new position in shares of Micron Technology during the fourth quarter valued at about $61,306,000. 80.84% of the stock is owned by institutional investors.
Key Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Insider Activity at Micron Technology In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 177,204 shares of company stock valued at $182,156,264 in the last quarter. 0.24% of the stock is currently owned by company insiders. Micron Technology Price Performance MU opened at $1,000.26 on Wednesday. The firm has a 50-day moving average price of $929.50 and a 200-day moving average price of $745.20. Micron Technology, Inc. has a twelve month low of $131.56 and a twelve month high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 22.65, a PEG ratio of 0.64 and a beta of 2.22.
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same period last year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current 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 given 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 currently 1.36%.
Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on MU shares. Royal Bank Of Canada upped their price objective on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. The Goldman Sachs Group lifted their target price on shares of Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Morgan Stanley boosted their target price on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Finally, Rosenblatt Securities increased 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. Four 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. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $1,295.63.
Check Out Our Latest Analysis on MU
Micron Technology Company Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Further Reading Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For 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.
Greenleaf Trust grew its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,782 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,038 shares during the period. Greenleaf Trust’s holdings in Micron Technology were worth $27,451,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ramsey Quantitative Systems bought a new stake in Micron Technology in the second quarter worth $46,000. RHL Group LLC purchased a new stake in shares of Micron Technology in the second quarter valued at $47,000. Philadelphia Investment Partners LLC purchased a new stake in shares of Micron Technology in the second quarter valued at $54,000. Signature Resources Capital Management LLC lifted its holdings in shares of 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 worth $57,000 after acquiring an additional 45 shares during the last quarter. Finally, Davis Capital Management boosted its stake in shares of Micron Technology by 510.0% during the 2nd quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer’s stock worth $70,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Trending Headlines about Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Insider Transactions at Micron Technology In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the executive vice president directly 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. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is owned by corporate insiders. Analysts Set New Price Targets MU has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 target price on the stock in a research note on Friday, August 14th. The Goldman Sachs Group increased their price target on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. BMO Capital Markets initiated coverage on Micron Technology in a research note on Friday, August 21st. They set an “outperform” rating and a $1,300.00 price target for the company. Finally, Royal Bank Of Canada boosted their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Four 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. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and an average price target of $1,295.63.
Check Out Our Latest Stock Report on Micron Technology
Micron Technology Stock Performance Shares of MU stock opened at $1,000.26 on Wednesday. The firm has a market cap of $1.13 trillion, a price-to-earnings ratio of 22.65, a PEG ratio of 0.64 and a beta of 2.22. Micron Technology, Inc. has a 52-week low of $131.56 and a 52-week high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $929.50 and its 200 day moving average is $745.20.
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 for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company earned $1.91 earnings per share. The firm’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, sell-side analysts anticipate 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. Stockholders of record on Monday, July 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.
(Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
See Also Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For 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.
Flputnam Investment Management Co. cut its holdings in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,096 shares of the semiconductor manufacturer’s stock after selling 9,626 shares during the quarter. Micron Technology makes up approximately 1.7% of Flputnam Investment Management Co.’s portfolio, making the stock its 12th largest holding. Flputnam Investment Management Co.’s holdings in Micron Technology were worth $138,626,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. M.E. Allison & CO. Inc. grew its holdings in Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after buying an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC raised its holdings in shares of Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock worth $1,122,000 after acquiring an additional 13 shares during the last quarter. Bellevue Asset Management LLC raised its holdings in shares of Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock worth $74,000 after acquiring an additional 13 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Micron Technology by 8.8% in the second 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 boosted its stake in shares of Micron Technology by 0.7% during the second 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 during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.
Micron Technology Trading Down 1.6% Micron Technology stock opened at $1,000.26 on Wednesday. Micron Technology, Inc. has a 1 year low of $131.56 and a 1 year high of $1,255.00. The firm’s 50-day moving average is $929.50 and its 200-day moving average is $745.20. 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 company has a market cap of $1.13 trillion, a P/E ratio of 22.65, a PEG ratio of 0.64 and a beta of 2.22.
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 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 during the quarter, compared to the consensus estimate of $35.91 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. 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. On average, equities 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 declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were issued 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 dividend payout ratio (DPR) is 1.36%.
Insiders Place Their Bets In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the sale, the executive vice president owned 85,737 shares in the company, valued at $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by insiders.
Micron Technology News Roundup Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Wall Street Analyst Weigh In MU has been the subject of a number of analyst reports. ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft boosted their price target 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. Finally, The Goldman Sachs Group increased their price target on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” 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 assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus target price of $1,295.63.
Get Our Latest Analysis on MU
Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Further Reading Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For 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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Hollencrest Capital Management lessened its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 59.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,388 shares of the semiconductor manufacturer’s stock after selling 5,030 shares during the period. Hollencrest Capital Management’s holdings in Micron Technology were worth $3,911,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MU. Ramsey Quantitative Systems acquired a new position in shares of Micron Technology in the second quarter valued at approximately $46,000. RHL Group LLC acquired a new stake in shares of Micron Technology during the second quarter worth $47,000. Philadelphia Investment Partners LLC acquired a new stake in shares of Micron Technology during the second quarter worth $54,000. Signature Resources Capital Management LLC grew 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 buying an additional 45 shares during the last quarter. Finally, Davis Capital Management increased its stake in Micron Technology by 510.0% in the 2nd quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer’s stock valued at $70,000 after buying an additional 51 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling In other news, Director Lynn Dugle sold 1,300 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares of the company’s stock, valued at $20,394,823.04. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP April Arnzen sold 40,000 shares of the company’s 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 in the company, valued at $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. 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.
Wall Street Analysts Forecast Growth A number of brokerages have commented on MU. Mizuho cut their price objective on shares of 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. Raymond James Financial increased their price target on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Susquehanna raised their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a report on Monday, June 22nd. Finally, Rosenblatt Securities boosted their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Four equities 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. According to MarketBeat, Micron Technology currently has an average rating of “Buy” and an average target price of $1,295.63. Read Our Latest Report on MU
More Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Micron Technology Stock Down 1.6% Shares of NASDAQ MU opened at $1,000.26 on Wednesday. The firm’s 50-day moving average is $929.50 and its two-hundred day moving average is $745.20. The company has a market capitalization of $1.13 trillion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22. Micron Technology, Inc. has a 12-month low of $131.56 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.
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, topping 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 firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the firm posted $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. Equities analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year.
Micron Technology Dividend Announcement The business also recently declared 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 presently 1.36%.
Micron Technology Company Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
See Also Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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Micron (MU -1.61%) caught many investors by surprise when it surged from a market cap of less than $100 billion at the start of 2025 to a more than $1 trillion behemoth this summer, but the memory-chip maker may have what it takes to become the world's most valuable company. To take that crown would require it to top Nvidia's (NVDA -2.01%) market cap, which is currently $5.5 trillion.
That wouldn't be easy, but it's not out of the question, either. Micron has surged by 673% over the past 12 months alone, while Nvidia has only increased by 37% over the same stretch.
Investors shouldn't expect Micron to keep delivering 673% returns each year, but there are reasons to believe that Micron will outperform Nvidia for some time and potentially become the world's most valuable company.
Image source: Getty Images.
Memory chips are just as important as GPUs AI chips have held the spotlight on Wall Street for multiple years, but Micron and other memory players only started to gain real attention at the start of the year. Rumblings from tech leaders suggest that gaining access to enough memory hardware is now their top priority.
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Elon Musk said that the global shortage of memory is "the limiting factor" to the AI build-out, and Amazon (AMZN -0.60%) specifically cited rising memory costs when raising its capital expenditure projections for this year.
Memory chips also happen to be critical components for GPUs. Every Nvidia processor includes multiple memory chips from companies like Micron. Advanced Micro Devices (AMD +5.90%) and Broadcom (AVGO +2.98%) also need memory chips for their AI accelerators.
However, it's not just AI parallel processors that require memory components. So do CPUs and solid-state drives, which are just as critical for AI infrastructure. Nvidia's GPUs are essential components for AI data centers, but Micron and its peers provide multiple foundational components for those vast server clusters. And with AI software demanding quick access to ever-larger volumes of data, Micron and other memory-chip makers have more opportunities than Nvidia to expand their products' footprints within data centers.
Micron is growing faster than Nvidia In the market cap race, Micron can only gain ground on Nvidia if its fundamentals grow faster than Nvidia's. It turns out that's what's happening.
Nvidia was no slouch in its fiscal 2027 second quarter -- it delivered 106% year-over-year revenue growth. That was a substantial increase. But it looks far less impressive next to Micron, which crushed guidance and delivered a 346% year-over-year top-line gain to $41.9 billion in its fiscal 2026 third-quarter. Both companies have net profit margins above 60%, but Micron's edged ahead of Nvidia's in their most recent quarters.
Recent acceleration has also favored Micron. While Nvidia has posted a respectable 18% sequential growth rate, Micron's revenue surged by more than 70% sequentially.
Nvidia still generates more revenue and profits per quarter than Micron, but the gap isn't that big when considering their growth rates. Nvidia's Q2 fiscal 2027 revenue and net income were $96.2 billion and $59.7 billion, respectively. In Micron's fiscal 2026 third quarter, its revenue and net income were $41.5 billion and $28.2 billion, respectively.
Micron may be one year away from reporting nearly the same revenue and net income as Nvidia just reported. The math supports that conclusion if Micron can double its revenue and profits year over year in fiscal 2027 -- and that's assuming that Micron doesn't quadruple its sales as it did in its most recent quarter.
Micron trades at a lower valuation There's been a lot of talk in the investing world about how Micron and Nvidia both have attractive valuations, especially if you compare them to the average valuations for tech stocks or the broad-market S&P 500. However, a head-to-head comparison isn't even close.
Micron trades at a forward P/E ratio of 6 compared to Nvidia's 25. Micron's shares would have to roughly quadruple for the company to match Nvidia's forward P/E ratio. A similar gap exists between these two companies' price/earnings-to-growth (PEG) ratios. Micron's 0.14 PEG ratio is much lower than Nvidia's 0.58 PEG ratio. In general, any positive PEG ratio of less than 1 is viewed as signaling that the stock in question is undervalued. So Nvidia is still a bargain by that standard, but Micron is even more so.
Both forward P/E and the PEG ratio factor a company's expected future growth into the valuation calculation. When pricing in their upcoming opportunities, Micron looks like a better bargain, which could support the stock's continued outperformance over Nvidia. If these trends continue, Micron may be able to overtake Nvidia's market cap by the end of the decade.
B & T Capital Management DBA Alpha Capital Management lowered its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 45.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,994 shares of the semiconductor manufacturer’s stock after selling 1,637 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Micron Technology were worth $2,302,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heritage Trust Co lifted its stake 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 valued at $4,289,000 after purchasing an additional 1,323 shares in the last quarter. Castleark Management LLC acquired a new stake in Micron Technology during the 1st quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. raised its holdings in Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after buying an additional 6,702 shares during the period. Legacy Wealth Management LLC MS raised its holdings in Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after buying an additional 1,499 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. acquired a new position in Micron Technology during the fourth quarter valued at approximately $1,316,000. 80.84% of the stock is owned by hedge funds and other institutional investors.
Micron Technology Stock Down 1.6% MU stock opened at $1,000.26 on Wednesday. Micron Technology, Inc. has a twelve month low of $131.56 and a twelve month high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.13 trillion, a P/E ratio of 22.65, a PEG ratio of 0.64 and a beta of 2.22. The firm has a 50 day simple moving average of $929.50 and a 200-day simple moving average of $745.20.
Micron Technology (NASDAQ:MU – Get Free Report) last posted 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. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. During the same period in the prior year, the company posted $1.91 earnings per share. The firm’s quarterly revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal 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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s dividend payout ratio is 1.36%.
Analyst Upgrades and Downgrades Several equities research analysts have issued reports on MU shares. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective for the company in a research note on Friday, August 14th. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Wells Fargo & Company upped 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 report on Thursday, June 25th. Wolfe Research set a $1,500.00 price target on Micron Technology in a report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a research report on Monday, June 22nd. 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $1,295.63.
Read Our Latest Stock Analysis on MU
Insider Buying and Selling at Micron Technology In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred 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 represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Scott R. Allen sold 879 shares of the 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 in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 177,204 shares of company stock valued at $182,156,264. Corporate insiders own 0.24% of the company’s stock.
Key Stories Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Featured Articles Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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Denali Advisors LLC acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,380 shares of the semiconductor manufacturer’s stock, valued at approximately $7,364,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. M.E. Allison & CO. Inc. boosted its stake in shares of Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after buying an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC grew its position 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 worth $1,122,000 after buying an additional 13 shares in the last quarter. Bellevue Asset Management LLC increased its stake in shares of Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock worth $74,000 after buying an additional 13 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Micron Technology by 8.8% in the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock worth $186,000 after buying an additional 13 shares during the last quarter. Finally, Red Door Wealth Management LLC raised its holdings in Micron Technology by 0.7% in the second 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. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes A number of research analysts have commented on MU shares. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. Wells Fargo & Company boosted 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 report on Thursday, June 25th. Stifel Nicolaus upped their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, June 25th. Finally, Barclays lifted their price target on 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. Four investment 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 MarketBeat, the stock has an average rating of “Buy” and an average price target of $1,295.63.
Read Our Latest Stock Report on Micron Technology Key Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Micron Technology Stock Down 1.6% MU stock opened at $1,000.26 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology, Inc. has a 1-year low of $131.56 and a 1-year high of $1,255.00. The firm has a fifty day moving average price of $929.50 and a two-hundred day moving average price of $745.20. The firm has a market cap of $1.13 trillion, a price-to-earnings ratio of 22.65, a PEG ratio of 0.64 and a beta of 2.22.
Micron Technology (NASDAQ:MU – Get Free Report) last posted 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. 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 for the quarter, compared to the consensus estimate of $35.91 billion. During the same period last year, the firm posted $1.91 EPS. The company’s revenue for the quarter was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts predict that Micron Technology, Inc. will post 72.93 EPS for the current year.
Micron Technology Dividend Announcement The firm also recently disclosed 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 1.36%.
Insider Activity In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred 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 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 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 can be accessed through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director owned 17,728 shares in the company, valued at $20,394,823.04. The trade was a 6.83% 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 over the last quarter. Corporate 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, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Featured Articles Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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BTG Pactual Asset Management US LLC grew its position in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 106.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,667 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,377 shares during the quarter. BTG Pactual Asset Management US LLC’s holdings in Micron Technology were worth $3,078,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in MU. Brighton Jones LLC boosted its stake in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the period. Sivia Capital Partners LLC raised its position in Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock worth $435,000 after purchasing an additional 628 shares during the period. United Bank bought a new stake in Micron Technology in the second quarter worth about $236,000. Schnieders Capital Management LLC. lifted 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 during the last quarter. Finally, Sei Investments Co. lifted its stake in Micron Technology by 5.6% in the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer’s stock worth $49,987,000 after purchasing an additional 21,619 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.
Micron Technology Price Performance Shares of MU stock opened at $1,000.26 on Wednesday. The company has a market capitalization of $1.13 trillion, a P/E ratio of 22.65, a P/E/G ratio of 0.64 and a beta of 2.22. The company’s 50-day simple moving average is $929.50 and its two-hundred day simple moving average is $745.20. Micron Technology, Inc. has a one year low of $131.56 and a one year 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.
Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly 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. The firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. 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 year. Micron Technology Announces Dividend The company also recently announced 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 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is 1.36%.
Analyst Upgrades and Downgrades A number of research analysts have recently commented on MU shares. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Morgan Stanley raised their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Wedbush boosted their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Wells Fargo & Company boosted their price objective on Micron Technology from $1,220.00 to $1,525.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, Needham & Company LLC upped their price objective on Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Four investment 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $1,295.63.
Check Out Our Latest Stock Analysis on Micron Technology
Key Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Insider Buying and Selling at Micron Technology In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction 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 directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% 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 quarter. Insiders own 0.24% of the company’s stock.
(Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Featured Stories Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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Headlands Technologies LLC trimmed its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 87.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,084 shares of the semiconductor manufacturer’s stock after selling 89,595 shares during the period. Micron Technology makes up approximately 1.6% of Headlands Technologies LLC’s investment portfolio, making the stock its 3rd largest position. Headlands Technologies LLC’s holdings in Micron Technology were worth $15,103,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Micron Technology by 2.1% during the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after acquiring 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% during 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 in the last quarter. Norges Bank acquired a new position in Micron Technology during the fourth quarter valued at approximately $6,433,456,000. Primecap Management Co. CA bought a new stake in Micron Technology during the second quarter worth $22,182,263,000. Finally, Morgan Stanley lifted its stake in Micron Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after purchasing an additional 794,289 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Micron Technology News Roundup Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: AI demand and memory pricing remain powerful tailwinds. High-bandwidth memory (HBM) demand from AI customers is diverting wafer capacity away from conventional memory, while tighter supply and improving memory-chip prices could support Micron’s revenue, margins and upcoming guidance. Why Micron Stock Is Popping on Fresh Memory-Chip Price Data Positive Sentiment: Goldman Sachs sees signs of a renewed memory-stock rally. The firm reportedly believes months of weakness may be ending as AI spending strengthens, helping reinforce the bullish outlook for Micron and other memory manufacturers. Goldman Says the Worst May Be Over for Micron and SanDisk Positive Sentiment: Long-term industry positioning is favorable. Memory chips are increasingly central to AI infrastructure, and analysts argue Micron’s HBM position could remain strategically important as semiconductor-industry growth is driven by data-center demand. Memory chips have come to rule the AI boom Neutral Sentiment: Earnings are the next major catalyst. Micron’s shares have rallied sharply this year and recently reclaimed the $1,000 level, but the September 30 report must confirm contract pricing, HBM demand and the durability of current profits to justify further gains. Micron Stock Has Reclaimed $1,000 Negative Sentiment: Investors remain concerned about peak earnings and future supply. Micron’s extraordinary profitability may be difficult to sustain if competitors expand HBM capacity too aggressively, potentially creating oversupply and pressuring prices. Thinking of Buying Micron Stock Now Negative Sentiment: China represents a longer-term competitive risk. Chinese producers are not expected to challenge Micron’s HBM dominance immediately, but growing domestic memory capabilities could threaten its most profitable markets over time. Micron and Sandisk Face a New China Threat Micron Technology Price Performance MU stock opened at $1,000.26 on Wednesday. The company has a market capitalization of $1.13 trillion, a P/E ratio of 22.65, a PEG ratio of 0.64 and a beta of 2.22. The company has a fifty day moving average price of $929.50 and a 200-day moving average price of $745.20. 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 $131.56 and a 52-week high of $1,255.00. 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 for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for 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%. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.
Micron Technology Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.
Insider Transactions at Micron Technology In related news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott R. Allen sold 879 shares of the company’s 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 value of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by insiders.
Analysts Set New Price Targets MU has been the topic of several recent analyst reports. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. The Goldman Sachs Group upped their price objective on Micron Technology from $900.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Zacks Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Four investment 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $1,295.63.
Check Out Our Latest Analysis on MU
Micron Technology Profile (Free Report)
Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.
Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.
Featured Stories Five stocks we like better than Micron Technology Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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Memory chips have emerged as the driving force behind the semiconductor industry's latest growth cycle as the artificial intelligence boom fuels demand for data-center hardware and pushes prices higher.
Memory has become the "king" of the semiconductor industry, according to Susquehanna analyst Mehdi Hosseini, who believes "its reign is here to stay."
Investments in AI data centers have put semiconductor industry revenue on track to double to about $1.5 trillion this year, with memory chips accounting for much of the increase, Hosseini said in a Tuesday note to clients, citing Semiconductor Industry Association data on global shipments and average selling prices in July, MarketWatch reported.
Memory now represents between 50% and 55% of total semiconductor revenue, compared with its historical share of roughly 20% to 30%, according to Hosseini.
The rapid construction of AI data centers has created an enormous appetite for memory and storage as companies deploy increasingly powerful systems capable of processing large volumes of data.
That demand has contributed to severe supply shortages and a sharp increase in memory prices.
While average semiconductor prices are already moving higher, Hosseini said the increase would be "more moderate" if memory were excluded from the calculation.
The analyst expects average prices for dynamic random-access memory, or DRAM, to rise 50% sequentially during the current quarter, followed by another 20% increase in the fourth quarter of 2026.
NAND flash memory prices are expected to climb even more sharply in the near term, with Hosseini forecasting a 60% sequential increase this quarter and a further 25% rise in the following quarter.
The price increases are providing a significant earnings tailwind for memory manufacturers, which have spent much of the previous semiconductor cycle dealing with volatile demand and periods of oversupply.
Micron Technology has been one of the strongest-performing stocks in the S&P 500 this year as investors have increasingly priced in the benefits of the memory shortage.
Micron shares have risen about 250% so far this year. SanDisk, which specializes in NAND flash memory, has performed even more strongly, with its stock up 531%.
Hosseini has positive ratings on both companies.
Meanwhile, Goldman Sachs has identified early signs that investor interest in the memory trade is returning after a quieter summer.
The firm said Micron and SanDisk are beginning to break out of downtrends that had constrained their shares during the summer.
The setup comes as positioning in the broader AI trade remains relatively subdued. Goldman’s prime brokerage data showed gross leverage among US fundamental long/short hedge funds at the 27th percentile of the past year, while net leverage stood at just the fourth percentile.
Options activity has also eased, with the CBOE Semiconductor ETF Volatility Index falling to around 36 from roughly 65 in July, pointing to a significant decline in expected swings across semiconductor stocks.
That combination could leave room for investors who reduced their exposure during the summer to rebuild positions if the strength in AI-related memory demand persists.
One of the most important areas of the memory market is high-bandwidth memory, or HBM, which is increasingly critical for AI accelerators.
Earlier this month, South Korean news outlet Electronic Times reported that Micron was targeting a doubling of its HBM production capacity by the end of the year.
HBM consists of multiple layers of DRAM stacked together and is designed to provide the high-speed data access required by AI processors.
Nvidia is among the major chip companies relying on HBM to handle increasingly intensive AI workloads.
The production process is more silicon-intensive than conventional memory manufacturing, meaning the rapid expansion of HBM capacity can also constrain supplies of traditional DRAM.
That dynamic has contributed to the broader tightening of the memory market.
Memory is not the only part of the semiconductor industry benefiting from higher prices.
Hosseini said logic chips, including central processing units, have also seen average selling prices rise.
However, he noted that "recent trends suggest a period of stabilization."
He linked some of the moderation to delays in the ramp-up of Nvidia's next-generation Rubin AI platform, which includes Vera central processing units and Rubin graphics processing units.
The timing of new AI hardware remains important for semiconductor companies because each generation can require significant increases in memory capacity and bandwidth.
At the same time, Hosseini argued that higher upfront hardware costs do not necessarily undermine the longer-term economics of AI.
Future generations of AI hardware will carry "a higher upfront cost," he said, but falling prices for tokens — the units of data processed by AI models — combined with rising token production should support "the economic value proposition of AI at scale."
Despite the strength of the memory trade, investors still face a familiar problem: the industry remains highly cyclical.
Memory companies can benefit rapidly when demand exceeds supply, but production increases can eventually reverse the balance and put pressure on prices and margins.
Consumer spending and broader electronics demand can also shift quickly.
That makes the recent technical strength in Micron and SanDisk only part of the story.
For Micron, the next major test will come with its fiscal fourth-quarter results on Sept. 30.
Investors will be looking for evidence that the surge in memory prices is translating into sustained revenue and profit growth rather than simply a temporary improvement in the industry's cycle.
For now, however, the fundamental backdrop remains favorable.
Stanley Druckenmiller has long been viewed as one of the best investors ever.
The billionaire worked under the legendary investor George Soros, and also mentored key financial figures today, such as U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Kevin Warsh.
His own fund, Duquesne Capital, never had a year in the red from 1981 to 2010, while generating eye-popping average annual returns of over 30%. Currently, Druckenmiller manages his personal wealth through the $5.2 billion asset Duquesne Family Office, where investors can see what he bought and sold each quarter.
In the second quarter, Druckenmiller sold three chip stocks and loaded up on two robotics-focused artificial intelligence (AI) plays.
Image source: Getty Images.
Selling a memory and a CPU company It's not uncommon to see Druckenmiller trade in and out of stocks quarter to quarter, especially in today's world, where valuations can go from cheap to highly overvalued in a matter of weeks and sometimes days.
In the second quarter, the Duquesne Family Office exited its positions in central processing unit (CPU) company Intel (INTC +9.05%) and memory maker Micron Technology (MU -1.61%), both of which have been among the biggest winners of the year.
Data by YCharts.
For Intel, it has been all about demand for CPUs to power agentic AI, which are mostly autonomous systems capable of completing human-like tasks. CPUs power older technology like cell phones and laptops.
While graphics processing units (GPUs) still handle much of the inference that powers the reasoning component of agentic AI, CPUs are now viewed as the most efficient way to orchestrate these tasks. Intel now also has its own foundry that plans to make chips for external customers.
Micron now has a market cap of over $1 trillion, as demand for memory has soared. Memory, such as NAND flash memory and dynamic random-access memory (DRAM), plays different roles in supplying data to GPUs.
As GPU clusters scale and more data centers get built, demand for memory is expected to be constrained. While both businesses still have big roles to play in the AI revolution, I'm guessing Druckenmiller and his team thought it might be time to take profits after the strong run by each stock.
Even if you are a firm believer in AI's long-term staying power, that doesn't mean there won't be a lot of volatility along the way.
Two stocks believed to be at the forefront of robotics In the second quarter, Duquesne Family Office purchased call options on Tesla (TSLA +3.98%) with a notional value of nearly $53 million. The fund also increased its position in Amazon (AMZN -0.60%) tenfold and bought call options on the company. Amazon is now one of the Top 10 holdings in the portfolio.
Tesla has already begun deploying robots, in a sense, with its autonomous robotaxi fleet, which was operating to some degree in seven cities at the end of the second quarter.
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While there are still many questions about the fleet right now, such as whether it is truly autonomous or how long it might take to become a real contributor to revenue at the company, Tesla is believed to be one of the leaders in the space and also claims to have a cost advantage when it comes to building robotaxis.
The company has also recently begun production of its humanoid Optimus robots, which will supposedly be capable of performing household chores autonomously, saving people a lot of time throughout the day. Tesla CEO Elon Musk has said he thinks Optimus will be the company's largest product ever.
Amazon's business has several key areas where robots can play a role. The company has already started integrating robots into its warehouses and fulfillment processes, which is expected to trim billions in expenses in the coming years.
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Amazon is also in the process of making drone deliveries part of its massive e-commerce business, and has also entered the humanoid robot space through its acquisition of Fauna Robotics earlier this year.
Of these two stocks, I still find Tesla's valuation too rich, but I think Amazon is one of the AI giants that can really benefit from robotics and generate strong long-term returns for shareholders.
After facing valuation pressures in July, Micron (MU -1.61%) stock came bounding back in August's trading. The company's share price rose 16.5% in the month, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 gained 2.6%, and the Nasdaq Composite was up 3.9%.
August saw rebound trading for Micron and the broader artificial intelligence (AI) hardware market, with strong quarterly results from Nvidia helping to spur valuation recovery in the space. As of this writing, Micron stock is up roughly 256% year to date -- but it's also still down 16% from its high.
Image source: Getty Images.
Nvidia's quarterly report was a green flag for Micron stock When it comes to the AI hardware space, no company is a more important bellwether than Nvidia. The graphics processing unit (GPU) leader reported its Q2 results after the market closed on Aug. 26 and posted sales and earnings that surpassed Wall Street's expectations. The business posted non-GAAP (adjusted) earnings per share of $2.22 on revenue of $96.22 billion, beating the average analyst estimate of $2.10 per share on revenue of $92.17 billion.
Even better, Nvidia guided for roughly 70% annual revenue growth in the next fiscal year. For reference, the average analyst estimate targeted only 44% annual sales growth for the year. Micron provides memory chips that are used as components in Nvidia's AI processors, so the strong demand outlook for Nvidia's processors bodes well for Micron.
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What's next for Micron? After the market closes on Sept. 30, Micron is scheduled to release its fiscal fourth-quarter report and host an investor conference call. The fourth quarter of the company's last fiscal year ended on Sept. 3.
Micron's fiscal Q4 release sets up the next big test for the stock -- and for valuations in the AI hardware market at large. As a leading provider of memory chips to support AI applications, Micron has become one of the most important companies when it comes to shaping overall momentum for artificial intelligence chip and infrastructure stocks.
With its last quarterly report, Micron said that it expected revenue of roughly $50 billion in the current quarter. Given the very strong demand backdrop for high-performance memory chips, there seems to be a good chance that the company will significantly exceed that target.
Additionally, the company's forward guidance will likely also look quite strong -- but expectations are very high heading into the report. There's a risk that Micron stock could fall in the short term even if the company issues guidance for this year that significantly exceeds the average analyst targets. Micron is a great company that is providing crucial components that support the AI revolution, but the unprecedented nature of the trends currently shaping its performance makes its outlook over the long term more difficult to model.
Mufg Securities Americas Inc. grew its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,966 shares of the semiconductor manufacturer’s stock after buying an additional 2,829 shares during the period. Micron Technology comprises 2.0% of Mufg Securities Americas Inc.’s portfolio, making the stock its 8th largest position. Mufg Securities Americas Inc.’s holdings in Micron Technology were worth $39,207,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. High Note Wealth LLC raised its position in shares of Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Micron Technology during the first quarter worth $27,000. Bayban acquired a new position in Micron Technology in the fourth quarter worth $29,000. WealthCollab LLC boosted its holdings in Micron Technology by 4,500.0% in the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 270 shares during the period. Finally, Financial Life Planners bought a new stake in Micron Technology during the first quarter valued at $36,000. Institutional investors own 80.84% of the company’s stock.
Insider Buying and Selling In other news, CAO Scott Allen sold 879 shares of Micron Technology 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 transaction of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Dugle sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. 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 in the last ninety days. Insiders own 0.24% of the company’s stock.
Analyst Upgrades and Downgrades A number of analysts have weighed in on the stock. Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Barclays boosted their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Bank of America increased their price objective on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. BMO Capital Markets initiated coverage on shares of Micron Technology in a report on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 target price on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $1,500.00 target price on shares of Micron Technology 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $1,295.63. Check Out Our Latest Research Report on MU
Trending Headlines about Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron’s $50 Billion Guide Gets an 8.3% Signal From Seoul Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30 Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat. Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250? Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam? Micron Technology Stock Performance Shares of MU opened at $1,016.59 on Tuesday. The firm has a fifty day moving average of $932.58 and a 200-day moving average of $741.12. The company has a market cap of $1.15 trillion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 0.64 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. Micron Technology, Inc. has a 1 year low of $125.66 and a 1 year high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to 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 for the quarter was up 345.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. 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 earnings per share for the current year.
Micron Technology Announces Dividend The company also recently declared 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 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 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.
Further Reading Five stocks we like better than Micron Technology 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
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Nissay Asset Management Corp Japan boosted its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 12.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 452,809 shares of the semiconductor manufacturer’s stock after purchasing an additional 51,524 shares during the quarter. Micron Technology comprises 2.2% of Nissay Asset Management Corp Japan’s portfolio, making the stock its 12th largest position. Nissay Asset Management Corp Japan’s holdings in Micron Technology were worth $522,673,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Heritage Trust Co raised its stake in shares of Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock valued at $4,289,000 after purchasing an additional 1,323 shares during the period. Castleark Management LLC acquired a new stake in Micron Technology during the 1st quarter valued at $3,709,000. Oppenheimer & Co. Inc. increased its stake in Micron Technology by 16.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares during the period. Legacy Wealth Management LLC MS lifted its holdings in Micron Technology by 73.3% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after buying an additional 1,499 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. purchased a new position in Micron Technology in the fourth quarter valued at about $1,316,000. 80.84% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling In other news, CAO Scott Allen sold 879 shares of Micron Technology 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 transaction of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Dugle sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. 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 in the last ninety days. Insiders own 0.24% of the company’s stock.
Analyst Upgrades and Downgrades Several equities research analysts have issued reports on the company. DA Davidson lifted their price objective 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. TD Cowen reissued a “buy” rating on shares of Micron Technology in a research report on Friday, July 10th. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Morgan Stanley increased their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, Susquehanna increased their target price on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a report 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 given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $1,295.63. Check Out Our Latest Research Report on MU
Trending Headlines about Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron’s $50 Billion Guide Gets an 8.3% Signal From Seoul Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30 Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat. Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250? Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam? Micron Technology Stock Performance Shares of MU opened at $1,016.59 on Tuesday. The firm has a fifty day moving average of $932.58 and a 200-day moving average of $741.12. The company has a market cap of $1.15 trillion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 0.64 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. Micron Technology, Inc. has a 1 year low of $125.66 and a 1 year high of $1,255.00.
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to 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 for the quarter was up 345.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. 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 earnings per share for the current year.
Micron Technology Dividend Announcement The company also recently declared 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 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 1.36%.
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.
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New Mexico Educational Retirement Board boosted its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,975 shares of the semiconductor manufacturer’s stock after buying an additional 3,100 shares during the quarter. Micron Technology makes up about 1.6% of New Mexico Educational Retirement Board’s holdings, making the stock its 8th biggest position. New Mexico Educational Retirement Board’s holdings in Micron Technology were worth $64,611,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of MU. Brighton Jones LLC increased its stake in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after acquiring an additional 976 shares during the last quarter. Sivia Capital Partners LLC raised its holdings 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 worth $435,000 after acquiring an additional 628 shares in the last quarter. United Bank acquired a new stake in Micron Technology during the second quarter valued at $236,000. Schnieders Capital Management LLC. boosted 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 valued at $2,093,000 after purchasing an additional 6,867 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Micron Technology by 5.6% in the second 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 in the last quarter. 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: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron’s $50 Billion Guide Gets an 8.3% Signal From Seoul Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30 Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat. Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250? Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam? Wall Street Analysts Forecast Growth Several brokerages have weighed in on MU. 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 report on Thursday, June 25th. Wolfe Research set a $1,500.00 price target on Micron Technology in a report on Thursday, June 25th. UBS Group reissued a “buy” rating on shares of Micron Technology in a research note on Monday, August 10th. Mizuho dropped their price objective on Micron Technology from $1,375.00 to $1,300.00 and set an “outperform” rating on the stock in a report on Tuesday, August 25th. Finally, Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Four equities 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 company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,295.63. Get Our Latest Research Report on Micron Technology
Micron Technology Stock Performance NASDAQ:MU opened at $1,016.59 on Tuesday. The firm has a market capitalization of $1.15 trillion, a PE ratio of 23.02, a PEG ratio of 0.64 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 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’s fifty day simple moving average is $932.58 and its 200 day simple moving average is $741.12.
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, topping 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 firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the previous year, the business earned $1.91 EPS. The business’s revenue was up 345.8% on a year-over-year basis. 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 EPS for the current year.
Micron Technology Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a dividend of $0.15 per share. 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%.
Insider Activity In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 177,204 shares of company stock worth $182,156,264 over the last 90 days. Company insiders own 0.24% of the company’s stock.
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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Navellier & Associates Inc. grew its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 9.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 19,915 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,751 shares during the period. Micron Technology comprises about 1.8% of Navellier & Associates Inc.’s holdings, making the stock its 11th largest holding. Navellier & Associates Inc.’s holdings in Micron Technology were worth $22,988,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. High Note Wealth LLC boosted its position in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Micron Technology in the first quarter worth $27,000. Bayban bought a new position in Micron Technology in the fourth quarter worth $29,000. WealthCollab LLC raised its holdings in Micron Technology by 4,500.0% in the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 270 shares in the last quarter. Finally, Financial Life Planners purchased a new position in Micron Technology during the first quarter valued at $36,000. Institutional investors own 80.84% of the company’s stock.
Wall Street Analysts Forecast Growth A number of analysts have recently commented on MU shares. Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, June 25th. UBS Group reiterated a “buy” rating on shares of Micron Technology in a research note on Monday, August 10th. Needham & Company LLC lifted their price target on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. New Street Research raised shares of Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective on the stock in a research note on Friday, August 14th. Finally, BMO Capital Markets started coverage on shares of Micron Technology in a research note on Friday, August 21st. They set an “outperform” rating and a $1,300.00 price objective on the stock. Four investment 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 stock. According to data from MarketBeat.com, Micron Technology has an average rating of “Buy” and an average target price of $1,295.63.
View Our Latest Stock Analysis on Micron Technology Insider Activity at Micron Technology In other news, CAO Scott R. Allen sold 879 shares of the company’s 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 value of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,204 shares of company stock worth $182,156,264 in the last ninety days. 0.24% of the stock is currently owned by company insiders.
Micron Technology Stock Performance Micron Technology stock opened at $1,016.59 on Tuesday. Micron Technology, Inc. has a 12 month low of $125.66 and a 12 month high of $1,255.00. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22. The business’s fifty day simple moving average is $932.58 and its two-hundred day simple moving average is $741.12. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly 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 firm had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period last year, the company earned $1.91 earnings per share. The company’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.
Micron Technology Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a dividend of $0.15 per share. 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 dividend payout ratio is 1.36%.
Key Headlines Impacting Micron Technology Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron’s $50 Billion Guide Gets an 8.3% Signal From Seoul Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30 Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat. Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250? Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam? 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 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane 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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Ferguson Wellman Capital Management Inc. reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 12.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 96,572 shares of the semiconductor manufacturer’s stock after selling 13,315 shares during the period. Micron Technology makes up approximately 1.4% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 22nd biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Micron Technology were worth $111,472,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of MU. M.E. Allison & CO. Inc. lifted its position in Micron Technology by 0.8% during the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after buying an additional 11 shares during the period. Cherrydale Wealth Management LLC increased its stake in shares of Micron Technology by 1.4% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock worth $1,122,000 after acquiring an additional 13 shares in the last quarter. Bellevue Asset Management LLC lifted its position in Micron Technology by 25.5% during the 2nd 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 boosted its stake in Micron Technology by 8.8% during the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock worth $186,000 after acquiring an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC boosted its stake in Micron Technology by 0.7% during the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after acquiring an additional 14 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Micron Technology Price Performance Shares of Micron Technology stock opened at $1,016.59 on Tuesday. The company has a 50-day simple moving average of $932.58 and a two-hundred day simple moving average of $741.12. The stock has a market capitalization of $1.15 trillion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.64 and a beta of 2.22. Micron Technology, Inc. has a 52-week low of $125.66 and a 52-week high of $1,255.00. 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 posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current fiscal year. Micron Technology Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Monday, July 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio is 1.36%.
Analyst Upgrades and Downgrades A number of brokerages have weighed in on MU. UBS Group reaffirmed a “buy” rating on shares of Micron Technology in a research note on Monday, August 10th. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and set a $1,250.00 price target on the stock in a research report on Friday, August 14th. KeyCorp restated an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Sanford C. Bernstein set a $1,300.00 price objective on Micron Technology in a research note on Monday, June 22nd. 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $1,295.63.
Get Our Latest Analysis on Micron Technology
More Micron Technology News Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron’s $50 Billion Guide Gets an 8.3% Signal From Seoul Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30 Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat. Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250? Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam? Insider Buying and Selling at Micron Technology In other Micron Technology news, CAO Scott Allen sold 879 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value 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. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 177,204 shares of company stock worth $182,156,264. 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 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane 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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BNP Paribas trimmed its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 22.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,176 shares of the semiconductor manufacturer’s stock after selling 27,281 shares during the period. Micron Technology makes up approximately 2.9% of BNP Paribas’ portfolio, making the stock its 9th biggest holding. BNP Paribas’ holdings in Micron Technology were worth $105,939,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Andar Capital Management HK Ltd increased its holdings in shares of Micron Technology by 856,960.3% in 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 last quarter. Norges Bank bought a new stake in shares of Micron Technology during the 4th quarter worth $6,433,456,000. Primecap Management Co. CA bought a new stake in shares of Micron Technology during the 2nd quarter worth $22,182,263,000. Legal & General Group Plc purchased a new position in Micron Technology in the second quarter worth $8,402,393,000. Finally, Canada Pension Plan Investment Board bought a new stake in Micron Technology during the second quarter worth about $3,761,237,000. 80.84% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the company’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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director directly owned 17,728 shares of the company’s stock, valued at $20,394,823.04. This represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,204 shares of company stock valued at $182,156,264 over the last ninety days. 0.24% of the stock is owned by corporate insiders.
Micron Technology Price Performance Shares of NASDAQ:MU opened at $1,016.59 on Tuesday. The stock’s 50-day moving average is $932.58 and its 200 day moving average is $741.12. The company has a market cap of $1.15 trillion, a PE ratio of 23.02, a P/E/G ratio of 0.64 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, Inc. has a 1 year low of $125.66 and a 1 year high of $1,255.00. Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business’s revenue was up 345.8% on a year-over-year basis. During the same quarter last year, the business posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 72.93 EPS for the current year.
Micron Technology Dividend Announcement The business also recently announced 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. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is presently 1.36%.
Micron Technology News Summary Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron’s $50 Billion Guide Gets an 8.3% Signal From Seoul Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30 Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat. Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250? Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam? Analyst Ratings Changes A number of equities analysts have recently issued reports on MU shares. Stifel Nicolaus upped their price objective on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Zacks Research downgraded Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. Wedbush boosted their price objective on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Susquehanna upped their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research note on Thursday, June 25th. Four investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $1,295.63.
Get Our Latest Stock Analysis on Micron Technology
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.
Recommended Stories Five stocks we like better than Micron Technology 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane 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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Braun Stacey Associates Inc. lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 33.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,775 shares of the semiconductor manufacturer’s stock after selling 47,317 shares during the quarter. Micron Technology comprises about 3.1% of Braun Stacey Associates Inc.’s investment portfolio, making the stock its 5th largest position. Braun Stacey Associates Inc.’s holdings in Micron Technology were worth $110,552,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in MU. Andar Capital Management HK Ltd grew 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 acquiring an additional 34,278,413 shares during the period. Norges Bank acquired a new position in shares of Micron Technology in the 4th quarter valued at $6,433,456,000. Primecap Management Co. CA bought a new position in shares of Micron Technology in the 2nd quarter worth $22,182,263,000. Legal & General Group Plc bought a new position in shares of Micron Technology in the 2nd quarter worth $8,402,393,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Micron Technology during the second quarter worth $3,761,237,000. Institutional investors own 80.84% of the company’s stock.
Micron Technology Price Performance Shares of NASDAQ MU opened at $1,016.59 on Tuesday. The stock has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 23.02, a PEG ratio of 0.64 and a beta of 2.22. The business has a 50-day moving average of $932.58 and a 200-day moving average of $741.12. 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 fifty-two week low of $125.66 and a fifty-two week high of $1,255.00.
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 (EPS) for the quarter, topping 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 analyst estimates of $35.91 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. Micron Technology’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, sell-side 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 declared 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 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 1.36%.
Insider Activity at Micron Technology In other news, CAO Scott Allen sold 879 shares of the business’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 transaction of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the company’s 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 completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. This trade 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 a total of 177,204 shares of company stock worth $182,156,264 in the last quarter. 0.24% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth MU has been the topic of several recent analyst reports. Needham & Company LLC lifted their price objective on shares of 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. Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Bank of America raised their price objective on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company raised their price target on 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. Finally, Royal Bank Of Canada boosted 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. 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $1,295.63.
Check Out Our Latest Stock Analysis on MU
Micron Technology News Summary Here are the key news stories impacting Micron Technology this week:
Positive Sentiment: Analysts and market commentators remain bullish on Micron’s role as a supplier of high-bandwidth memory (HBM) used in AI systems. Korean memory stocks reportedly surged while U.S. markets were closed, reinforcing expectations that tight AI-memory supply and strong pricing could support Micron’s earnings and its roughly $50 billion outlook. Micron’s $50 Billion Guide Gets an 8.3% Signal From Seoul Positive Sentiment: A top analyst issued an aggressive new price target for MU, while several articles argue that the memory shortage and AI infrastructure buildout could drive another leg higher. Some forecasts point to continued momentum into and after the Sept. 30 earnings release. Micron, SanDisk get new aggressive price targets from top analyst Prediction: Micron Stock Will Skyrocket After Sept. 30 Positive Sentiment: Micron’s latest quarterly results substantially exceeded expectations, with $25.11 in EPS and $41.46 billion in revenue, up 345.8% year over year. That performance provides a strong fundamental backdrop for the current rally and raises expectations for another earnings beat. Neutral Sentiment: Investors are now focused on whether contract-memory pricing, HBM demand and management’s guidance can justify MU’s elevated valuation and support a move toward the $1,250 area. What Would It Take to Get MU Stock Up to $1,250? Negative Sentiment: Micron’s plan to significantly expand HBM capacity could eventually create oversupply, pressure pricing and weaken margins if AI demand fails to keep pace. The stock has also struggled to regain its June peak, prompting questions about whether the rally is losing momentum. Could Doubling HBM Capacity Create an Oversupply Headwind? Is Micron Technology Stock Running Out of Steam? 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 Articles Five stocks we like better than Micron Technology 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
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Micron Technology, Inc. is downgraded from Buy to Hold after a 23% rally, as its valuation gap has closed. Key risk centers on the composition of $100B in long-term contracts—uncertainty remains whether these are heavily weighted to commoditized DRAM/NAND or high-margin HBM. Strong collateral ($22B in commitments) makes contract enforcement credible, but upside is capped and terminal value is less certain due to emerging Chinese competition.
Micron stock has staged a strong recovery this week, reaching near its highest level since July 2nd this year.
MU jumped to $1,016, up by nearly 40% from its lowest level in July, and technical and fundamental factors suggest further upside.
The daily chart shows that the MU stock has been in a strong rebound in the past few days, rising from a low of $736 in July to the current $1,016.
This rebound has coincided with that of other memory companies like SanDisk, Samsung Electronics, and SK Hynix.
The stock remains above the ascending trendline that links the lowest levels since August 6 of this year.
It has remained above the 50-day Exponential Moving Average (EMA), which has provided it with substantial support.
The Relative Strength Index (RSI) has jumped to 60, its highest level since June 29 this year.
This is a sign that the stock is gaining momentum as investors buy the recent dip.
It has remained above the Ichimoku cloud and the Supertrend indicator.
Therefore, there is a likelihood that the stock will continue rising as bulls target the next key resistance level of $1,253, its highest level this year.
This target is about 22% above the current level. A move above that level will point to more gains.
MU stock chart | Source: TradingView
Micron is a top company in the high-bandwidth memory (HBM) industry, where it competes with top firms like SK Hynix and Samsung Electronics.
The company’s business is firing on all cylinders as the artificial intelligence boom continues.
Just recently, its top clients like Nvidia, AMD, Google, and Amazon published strong financial results and boosted their forward guidance.
These numbers suggested that the companies will continue buying from Micron in the near term.
Micron’s last financial results showed that its growth accelerated in the third quarter, reaching $41.5 billion.
Revenue increased 74% from the second quarter and 346% from the same period a year earlier.
The company’s management believes that this growth will continue in the foreseeable future, with the fourth quarter rising to over $50 billion.
And this growth is expected in the coming years, with its revenue expected to hit $242 billion next year.
The company is benefiting from the rising demand for memory chips and the fact that the supply remains tight.
While Micron, Samsung, and SK Hynix are expanding their capacity, this supply will come online in the next few years.
Most importantly, there are signs that Micron is highly undervalued, with its forward price-to-earnings ratio being 13.85. In contrast, the S&P 500 Index has a multiple of 19.9, while the technology sector has a multiple of 22. Its Rule-of-40 multiple is even better.
The revenue and profitability growth, coupled with its valuation, explains why analysts are highly bullish on the company.
Data shows that the average target among analysts is $1,295, up by 27% from the current level.
The next important catalyst for Micron shares will be the upcoming earnings later this month. Analysts expect these numbers to show that its revenue jumped to over $50 billion during the quarter.
READ MORE: Micron stock analysis as the AI Bubble Index sinks to a four-month low
AI data centers are pulling memory capacity away from smartphones, and the winners and losers splitting across the semiconductor complex reveal a supply war that could reshape device prices for years to come.
The memory allocation split is defining today’s session as artificial intelligence customers pull wafer capacity toward high-bandwidth chips and away from the conventional parts that phones need. That divide is showing up cleanly across the semiconductor complex, with Korean suppliers rallying while their largest smartphone customer slides.
SK Hynix (NASDAQ:SKHY) stock is up 7% to $188.52 in Tuesday morning trading. Meanwhile, Apple (NASDAQ:AAPL | AAPL Price Prediction) stock is down 1% to $316.28. Micron Technology (NASDAQ:MU) shares are up 0.4% to $1,020.60.
At the same time, the Roundhill Memory ETF (CBOE:DRAM) is up 3%. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.34%, which puts the memory pop in relief against a soft broad market.
HBM Allocation Squeeze Fuels the Rally The catalyst is a wafer allocation shift. AI data centers are absorbing an expanding share of memory capacity because manufacturers earn more steering wafers toward high-bandwidth memory than toward the conventional DRAM inside phones. That buildout has to be powered, cooled, and fed by memory suppliers like these, and we profiled seven names riding the same wave in a free AI infrastructure report.
Smartphone memory prices have more than quadrupled, and reporting suggests meaningful relief may be years away. Micron guided its fiscal Q4 2026 revenue to a $50 billion midpoint, the clearest published marker of how steep the memory ramp has become for HBM buyers. Micron also guided to an 86% gross margin at the outlook midpoint, an unusual read for a company selling into a historically cyclical market.
Why Apple Slips While Suppliers Rally Samsung, SK Hynix and Micron together supply the bulk of the world’s memory. Apple has enormous purchasing power, yet it can’t build fabs quickly, and the same squeeze lifting the suppliers pressures the buyer.
Former Apple CEO Tim Cook told investors on the fiscal Q3 2026 call that “For September, we expect to pay even higher Memory costs.” He also flagged that the DRAM market has only three suppliers and that Apple’s sourcing flexibility is thin. That commentary lands directly on Apple’s September-quarter margin outlook and helps explain why Apple stock is drifting today.
Micron’s modest reaction is the detail worth pausing on. It’s the closest U.S.-listed comparable to SK Hynix, and its lack of follow-through points to the Korean overnight session driving this move, with U.S. memory as a whole holding a more measured tone.
Samsung and SK Hynix both led a Korean market rally overnight, so the action began in Seoul before U.S. trading opened. That geographic tilt helps explain why Micron isn’t tracking its Korean peer tick for tick.
What to Watch Next Buying the memory suppliers on this move means buying an allocation shortage, and shortages end only when new capacity arrives. Micron’s own commentary points to industry tightness persisting beyond calendar 2027, which is what separates this from an ordinary pricing cycle.
Traders can watch for confirmation in tonight’s Asia session and for early smartphone OEM commentary echoing Apple’s memory-cost warning. Investors sizing their exposure to memory names may want to keep their positions moderate given how much of this rebound already sits in the price after SK Hynix’s recent run.
Contact [email protected] for any questions or corrections.
David Moadel
David Moadel is financial writer specializing in stocks, ETFs, options, precious metals, and Bitcoin. David has written well over 1,000 articles for leading online publications, helping investors understand markets, income strategies, and risk.His work has appeared in The Motley Fool, InvestorPlace, U.S. News & World Report, TipRanks, ValueWalk, Benzinga, Market Realist, TalkMarkets, Finmasters, 24/7 Wall St., and others.With a master’s degree in education, David has taught at the elementary, high school, and college levels. That teaching background shapes his writing style: clear, educational, and practical. David has also built a loyal social-media audience by providing trustworthy financial content on YouTube, X/Twitter, and StockTwits.
SK hynix Inc. is rated Strong Buy over Micron Technology, Inc., rated Buy, on superior HBM leadership and its position in the emerging HBF standard. SKHY holds 50% of the HBM market, double its DRAM share, and began mass-production shipments of HBM4 in the second quarter. Every memory supplier says the supply cannot respond before 2028, with SK hynix's CEO seeing a shortage through 2030, underpinning pricing and earnings.
Micron (MU -1.61%) stock has delivered extraordinary returns, up by more than 700% in one year. And that's after the stock suffered a sharp correction. As of this writing, the stock still trades 20% below its 12-month high.
Now investors face a tempting question: Is this finally the opportunity to buy Micron stock?
There is a strong argument in favor. But there is also one red flag investors shouldn't ignore.
Image source: Getty Images.
The green flag: Earnings have exploded The strongest argument for buying Micron isn't simply that the stock has fallen from its high. It's that the underlying business has grown dramatically.
For perspective, Micron's fiscal 2026 third-quarter revenue reached a record $41.5 billion, up from $23.9 billion in the previous quarter and $9.3 billion a year earlier. Net income jumped to $28.2 billion in the period ended May 28, compared with $1.9 billion a year earlier. The company also generated $25.4 billion in operating cash flow during the quarter.
Those numbers tell an important story. Micron isn't simply riding a higher stock price. The company is generating vastly more cash and profit than it did a year ago. In particular, its data center business has grown significantly, generating more than $25 billion in revenue in fiscal Q3 alone.
Artificial intelligence (AI) has clearly changed the scale of Micron's business. And if that growth continues, today's share price could eventually look much more reasonable -- even after the stock's enormous rally.
In fact, according to Yahoo Finance, Micron's forward price-to-earnings (P/E) ratio is 6.23. This suggests that if Micron can sustain its profitability, the current stock valuation is not expensive at all.
That's the green flag. But it comes with an important caveat.
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The red flag: Margins are unusually high Micron's gross margin reached an astonishing 84.6% in the latest quarter. A year earlier, it stood at 37.7%. Micron even expects its gross margin to reach approximately 86% in the next quarter.
That's fantastic news for shareholders, suggesting that the recent rally in memory prices is continuing. But here's the catch. Micron operates in the memory industry, which has historically experienced sharp cycles.
When demand exceeds supply, prices rise, and manufacturers earn more money. Those profits encourage companies to add production. Eventually, additional supply can pressure prices and margins.
Micron has experienced that cycle before. So, the risk is, what if today's extraordinary margins represent the peak rather than the new normal?
The real question: How much can Micron keep? This is where the bull and bear cases meet. The bullish argument doesn't require Micron to maintain an 85% gross margin forever. Instead, investors need to ask whether Micron can retain enough of today's profitability to keep growing its earnings over the next several years.
Suppose margins eventually decline, and there's a high chance that it will. Micron could still produce substantially more profit than it did before the AI boom, if revenue grows fast enough in the coming quarters.
But if revenue growth slows while margins fall, the earnings picture could change quickly. That's why investors shouldn't simply extrapolate today's results into the future. They need to determine how much of today's exceptional performance will survive in a more normal market.
What I'm watching in the coming quarters Investors should keep an eye on three indicators to gauge future profitability. First, earnings growth. Micron needs to keep turning strong AI demand into higher profits. Second, margins. While margins don't need to remain at today's extraordinary levels, they need to settle at levels that support strong long-term returns. Third, supply. If Micron and its competitors add too much capacity, memory prices could eventually come under pressure.
Together, these indicators should tell investors whether Micron is experiencing a new normal or has simply reached an unusually profitable point in the memory cycle.
What does it mean for investors? There are good reasons to buy Micron stock today, and to avoid it.
The green flag is clear: The business has become dramatically more profitable and could remain so if demand for AI infrastructure continues to grow. The red flag is equally clear: Micron's margins have reached levels that may prove difficult to sustain.
Ultimately, whether an investment in the stock today will be rewarding depends on whether Micron can retain enough of today's earnings improvement to justify its valuation and continue growing profits over time.
If it can, the recent volatility could eventually look like a buying opportunity. If it can't, investors may discover that the market has priced in too much of today's exceptional profitability.
Micron Technology, Inc. expects 2027 supply conditions to tighten further as AI demand accelerates and DRAM remains a critical infrastructure constraint. HBM3E consumes roughly three times DDR wafer capacity, while HBM4E pushes that trade ratio toward four times. Sixteen strategic customer agreements carried $22 billion in commitments, potentially creating substantially greater earnings visibility through 2030.
Micron (MU - Free Report) closed the most recent trading day at $1,000.26, moving -1.61% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.58%. Meanwhile, the Dow experienced a drop of 1.18%, and the technology-dominated Nasdaq saw a decrease of 0.32%.
The chipmaker's shares have seen an increase of 18.07% over the last month, surpassing the Computer and Technology sector's gain of 0.12% and the S&P 500's loss of 0.36%.
Market participants will be closely following the financial results of Micron in its upcoming release. The company plans to announce its earnings on September 30, 2026. The company is forecasted to report an EPS of $31.39, showcasing a 935.97% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $50.76 billion, up 348.58% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $73.86 per share and a revenue of $129.61 billion, demonstrating changes of +790.95% and +246.76%, respectively, from the preceding 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. Micron presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Micron currently has a Forward P/E ratio of 6.44. This valuation marks a discount compared to its industry average Forward P/E of 21.01.
It's also important to note that MU currently trades at a PEG ratio of 0.64. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. MU's industry had an average PEG ratio of 0.64 as of yesterday's close.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Micron and SanDisk stocks rose in Tuesday premarket trading, extending the memory-stock rally as investors bet on tight supply and AI demand.
The gains follow Friday’s surge, when Micron jumped 6.1% and SanDisk climbed 11.9%.
But the rally is creating a new risk.
Memory prices have risen so sharply that smartphone and PC makers are raising prices, cutting specifications and rethinking production.
TrendForce data suggests some consumers are buying devices earlier to avoid further increases.
The immediate fundamentals remain strong, as AI data centres are consuming huge amounts of DRAM and NAND, while manufacturers are directing capacity towards higher-value products such as high-bandwidth memory.
That benefits Micron through its exposure to HBM and conventional DRAM, while SanDisk remains a major beneficiary of tight NAND supply.
New capacity cannot arrive quickly.
TechInsights chief strategy officer Dan Kim told the Financial Times that no meaningful new supply is expected until at least 2028, as AI demand continues to overwhelm available capacity.
Micron’s expansion illustrates the challenge. Its planned New York complex is not expected to deliver meaningful output until 2030, while its Idaho facility is expected to begin wafer production in 2027.
Investors therefore have reason to believe the shortage can continue for the foreseeable future.
The more important risk is appearing downstream.
TrendForce said Tuesday that global smartphone production reached about 275 million units in the second quarter, down 8% from a year earlier.
The research firm raised its 2026 production forecast to 1.07 billion units, but warned that the improvement did not represent a genuine recovery.
Some consumers brought purchases forward because they feared further memory-driven device price increases, while manufacturers restored production previously cut too aggressively.
TrendForce warned that smartphone output could face renewed pressure in 2027 as those effects fade and memory contract prices continue rising.
Bernstein sees the same tension. According to Investing.com, the firm said it still believes “demand destruction in the consumer segment will eventually happen,” even as server demand absorbs additional supply.
Bernstein expects memory-price increases to slow before prices gradually peak and begin normalising from the second half of 2027 into 2028.
Demand destruction in smartphones and PCs does not automatically end the memory upcycle.
For investors tracking Micron, SanDisk and other semiconductor names through the best trading apps, the key distinction is between consumer and AI-driven demand.
AI customers are less price-sensitive because memory is essential to deploying valuable computing infrastructure. Consumer buyers can delay purchases, choose cheaper devices or accept lower specifications.
That difference is already reshaping the market.
IDC senior director Nabila Popal told The Verge that memory prices could eventually stabilise at a “new normal” that remains at least three times historical levels.
The Verge also reported that smartphone and PC makers are shifting towards premium devices, raising prices or reducing memory configurations to protect margins.
For Micron and SanDisk, the key question is becoming the mix of demand rather than demand alone.
As long as AI infrastructure spending remains strong, weaker consumer volumes may be manageable.
But if smartphone and PC demand deteriorates faster than data-centre demand expands, elevated pricing could eventually work against suppliers.
Korean memory stocks surged while Wall Street was closed, sharpening Micron's September 30 earnings test. Summary
Asian memory shares rallied as Micron’s guided sequential growth hurdle reached 20.6%.
Micron Technology MU, the memory-and-storage chipmaker, caught another bullish AI-memory signal Monday as SK Hynix SKHY rocketed 8.3% and Samsung Electronics SSNLF advanced 5.7%. Micron entered the holiday after jumping 6.1% Friday to $1,016.59, leaving Wall Street unable to react immediately while U.S. markets were closed for Labor Day.
The operating momentum is just as dramatic. Micron's latest quarterly release reported $41.46 billion in revenue, an 84.9% adjusted gross margin and $18.3 billion in adjusted free cash flow. Management expects fiscal fourth-quarter revenue of $50 billion, plus or minus $1 billion, alongside an adjusted gross margin near 86%.
Hitting the guidance midpoint would require revenue to leap another 20.6% sequentially before Micron reports September 30. The valuation already assumes enormous success: at $1,016.59, the shares trade 63.22% above their $622.82 GF Value™ estimate. Asia's semiconductor rally reinforces the high-bandwidth-memory narrative, but Micron must now prove that AI demand can convert its extraordinary revenue target into equally extraordinary gross profit.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
The AI memory trade has become a hot one. Micron (MU +6.10%) and Sandisk (SNDK +11.90%) have trounced the S&P 500 this year, but investors who are looking for elevated returns may want to consider a smaller memory pick.
Silicon Motion Technology (SIMO +8.70%) may have what it takes to outperform these behemoths in the future, especially if it remains underappreciated relative to its peers.
Image source: Getty Images.
NAND flash controllers are the backbone of memory Silicon Motion Technology produces NAND flash controllers that enable NAND flash memory. It's a critical component for various memory chips, which explains why the company counts Micron, Sandisk, and other chipmakers as its top customers.
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Each of Silicon Motion Technology's customers has reported exceptional results, with multi-year deals highlighted. Micron CEO Sanjay Mehrotra told investors that the company's strategic customer agreements will "significantly enhance the durability and predictability of [the company's] strong financial performance."
Sandisk also reached multi-year deals that offer meaningful revenue visibility through its fiscal 2030. The company also reported 51% sequential growth in its fiscal 2026 fourth quarter while guiding for 20.4% sequential growth at its midpoint.
These companies' success directly translates into more demand for NAND flash controllers. That demand has contributed to Silicon Motion Technology shares soaring by more than 180% year-to-date.
Fundamentals are enjoying major tailwinds Silicon Motion Technology's stock gains align with its fundamentals. The company reported 127% year-over-year revenue growth in its second quarter. That included a 32% sequential jump in revenue, which comfortably beat guidance.
Investors were expecting up to $411 million in Q2 revenue based on guidance. However, Silicon Motion Technology actually delivered $451 million. Even better, the CEO said that the company has built a "resilient platform for sustainable, high-quality revenue and profitability growth for years to come."
That commentary implies that Silicon Motion Technology's recent successes aren't a one-off event. Guidance for the third quarter implies up to $541 million in revenue, representing a 20% sequential jump.
Micron and Sandisk both crushed recent guidance, and since they are some of Silicon Motion Technology's largest customers, it increases the likelihood of the latter crushing its Q3 forecast. Silicon Motion Technology will likely report earnings in late October, giving investors time to accumulate before the big day.
To top it all off, the growth stock trades at a price-to-earnings ratio of just 28. The valuation will get more attractive in subsequent quarters as its revenue and net income continue to surge.
Memory and storage stocks have been on a tear in 2026, with Micron Technology (MU +6.10%) perhaps the most emblematic of that rally. This year, the stock crossed $1 trillion in market cap, making it among the most valuable companies in the world.
Micron's business has been growing at an incredibly fast rate, as not only has demand been robust, but a shortage in the industry has enabled the company to raise prices, giving its top line a boost from not just more products sold but also higher prices.
The company's growth has been exceptional, and growth investors have been loading up on the stock. Year-to-date, it's up around 260%. But lately, the stock's been trading sideways and has struggled to get back to the highs it reached a few months ago. Could this be a sign that it's running out of room to rise higher?
Image source: Getty Images.
Trading volumes are down significantlyMicron's stock crossed above the $1,000 mark last week again, but it remains down nearly 20% from its 52-week high of $1,255. Many investors may be taking out profits; the stock's five-year gains are now around 1,300%. Micron's had a very good run over that time frame.
Another factor that may indicate waning excitement in the stock is a significant decline in trading volume.
MU 30-Day Average Daily Volume data by YCharts
Average trading volumes haven't been this low since around early April, and that was right around the time Micron's stock started to take off. Back then, it was worth less than $400. It may be a sign that investors don't see a major catalyst in either direction to push the stock much higher or lower.
I wouldn't buy Micron's stock for this reasonMicron may look cheap with respect to earnings -- its price-to-earnings multiple is 23, which is slightly lower than the S&P 500 average of 24.
However, the reason I'd steer clear of it today is that there is simply too much optimism priced in for demand to remain exceptionally high, for the shortage to continue for multiple years, and for big tech to continue spending heavily on memory and all things related to artificial intelligence. It's an overly bullish scenario that leaves no margin for error. If any cracks appear in the growth story, then Micron's stock, which has historically been cyclical and gone through these types of booms and busts in the past, could be due for a sharp decline.
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Investors who remain invested should tread carefully with Micron's stock because its seemingly low earnings multiple can create a false sense of security and safety for what's historically been a highly volatile stock.
There are thousands of stocks and thousands of exchange-traded funds (ETFs) flooding the market, so knowing where to start is daunting. The overwhelming nature of it can create paralysis by analysis, or worse, it may prevent many folks from investing at all.
That would be a mistake, because the most critical aspect of building wealth is not which stock or ETF you choose, it's time in the market. The longer you invest, the more your investments have time to grow and multiply through compounding, which former Berkshire Hathaway (BRKA -0.48%) (BRKB -0.41%) CEO Warren Buffett said was one of the keys to his fortune.
So, don't overthink it, because getting started just takes a few investments, and then you can go from there. If you want to know what you should invest in, here are some simple choices.
Image source: Getty Images.
An S&P 500 ETF is a good starting point Investing in an S&P 500 ETF is a no-brainer place to start for any investor. It is no coincidence that the three most popular ETFs in the world are S&P 500 ETFs -- the Vanguard S&P 500 ETF (VOO -0.38%), the iShares Core S&P 500 ETF (IVV -0.41%), and the State Street SPDR S&P 500 ETF (SPY -0.39%).
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Pick one of them, any one of them; they all invest in the same stocks, the 500 largest stocks that trade in the U.S. That gives you access to Nvidia (NVDA +0.84%), Apple (AAPL -2.51%), Microsoft (MSFT -2.04%) and all of the "Magnificent Seven" stocks, along with all of the high-flying AI stocks and everything else. The expense ratios are generally in the same ballpark, but check each to get the cheapest one.
Since 1957, when the S&P 500 became what it is today, tracking the 500 largest stocks, the index has averaged an 11% return per year. Those are pretty amazing long-term results.
^SPX data by YCharts
Add some growth and value With the S&P 500 ETF serving as your foundation, it would then be a good idea to add some growth and value to provide upside alpha and downside protection.
For a value-oriented ETF, I prefer one that is focused on higher-yield dividends, because when those higher dividends are reinvested, you get better long-term returns. Plus, you are still mostly invested in large, stable stocks that have lower valuations that tend to perform better when the larger market dips.
A good choice is the Invesco S&P Ultra Dividend Revenue ETF (RDIV -0.60%). I won't go too deep into this one, but look it up. It basically invests in the 60 best large- and mid-cap stocks with the highest dividend yields, filtering out the top 5% of yields, which can be dividend traps, and the top 5% highest payout ratios, which can also be traps. Then they are weighted by the amount of revenue earned.
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To show how it zigs when the market zags, the ETF returned 7% in 2022, when the S&P 500 was down 19% and the Nasdaq Composite was off 33%. Further, over the past 10 years, it has averaged an 11.3% return on an annualized basis.
On the growth end, you can pair that with a technology-focused ETF to give you added growth when the market is surging. The best option, I think, is the Vanguard Information Technology ETF (VGT +0.32%). It invests in the entire gamut of the tech sector, not just large caps, with some 319 holdings. It also has a low expense ratio and has averaged a 24% return per year over the past 10 years.
Four stocks to consider Those are three solid ETFs to start with, and I don't want to overwhelm you with a ton more, but if you want to add a few individual stocks, here are four.
Two of them I invest in -- Micron Technology (MU +6.10%) and Amazon (AMZN -0.15%) for a variety of reasons, but the common denominators are that they are both leaders in their industries, which are huge growth industries, and they are both trading at a major discount -- meaning they are cheap with tons of potential upside.
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The next one would be Berkshire Hathaway. Warren Buffett is no longer running the show, but I still think it's the best value stock in the world.
Finally, you really can't go wrong with the biggest stock in the world, Nvidia. The chipmaker has been at the center of the AI boom and will likely remain there for years to come.
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.
Breaking Down the Zacks Focus ListIf you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?
That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Investors also need to look at what a company will earn down the road. This is why earnings estimate revisions are so important.
Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio.
The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data.
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Micron (MU - Free Report) Micron Technology, headquartered in Idaho, has established itself as one of the leading worldwide providers of semiconductor memory solutions.
Since being added to the Focus List on December 27, 2016 at $23.26 per share, shares of MU have increased 4270.55% to $1. The stock is currently a #2 (Buy) on the Zacks Rank.
For fiscal 2026, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.77 to $73.86. MU boasts an average earnings surprise of 21.1%.
Additionally, MU's earnings are expected to grow 791% for the current fiscal year.
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Micron shares have already rewritten what investors thought possible for a memory stock, but the next leg higher hinges on a single question about contract pricing that the upcoming earnings report will either answer or obliterate.
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AI-driven memory demand has repriced an entire corner of semiconductors this year, and the debate now is what would carry Micron shares even higher. The distance between Friday’s close and the target under discussion is small relative to the ground already covered. Whether contract pricing holds through the next several quarters is the real question.
Micron Technology (NASDAQ:MU | MU Price Prediction) stock closed Friday at $1,016.59, up 256% year to date. Record DRAM pricing and AI datacenter memory demand drove the move, and Micron rode the same cycle lifting every supplier.
Meanwhile, SanDisk (NASDAQ:SNDK) stock ended the week at $1,740, up 633% year to date. Western Digital (NASDAQ:WDC) shares closed at $467.46, up 172% and trailing only SanDisk in the group. For a broader view of the market, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) was up 13% over the same stretch; in comparison, the Roundhill Memory ETF (CBOE:DRAM) has rallied 121% in 2026 so far.
Memory Cycle Drives the Repricing Micron’s fiscal Q3 2026 revenue landed at $41.46 billion, up 345.7% year over year, with GAAP gross margin at 84.6% and a company-record $18.3 billion in free cash flow. The company’s fiscal Q4 2026 guidance calls for revenue of $50 billion, plus or minus $1 billion, and non-GAAP EPS of $31, plus or minus a dollar. That would extend a five-quarter run of record results.
CEO Sanjay Mehrotra stated, “DRAM and NAND industry demand continues to significantly exceed industry supply.” Management at Micron said that tight conditions could persist beyond calendar 2027, a claim that underpins the entire re-rating. Micron’s signed Strategic Customer Agreements (SCA) carry minimum-price contract revenue of approximately $100 billion across 14 of 16 deals, backed by $22 billion in cash deposits and letters of credit.
HBM4 shipments to Micron’s lead accelerator customer are ramping twice as fast as HBM3E 12-high, and the company has already booked more than $1 billion in HBM4 revenue. That mix shift is the single most important driver behind the margin story that turned Micron shares into a mega-cap trade.
Peers Reveal the Cycle Trade The peer group frames this move as a cycle bet, with company-specific execution playing a supporting role. SanDisk delivered fiscal Q4 2026 revenue of $8.96 billion, up 371.6% year over year, and guided fiscal Q1 2027 revenue to $10.30 billion to $10.80 billion. Its heavier NAND exposure has produced the largest gain in the group.
SanDisk’s own commitments echo Micron’s. Signed New Business Model contracts cover more than 50% of fiscal 2027 bits and roughly two-thirds of fiscal 2028 bits, with total minimum revenue of $93.9 billion assuming floor pricing.
Western Digital, now a pure-play HDD name, posted fiscal Q4 2026 revenue of $3.747 billion and guided fiscal Q1 2027 to $4.1 billion, plus or minus $100 million. CEO Irving Tan stated, “As global data creation continues to accelerate, we enter fiscal year 2027 with continued confidence in the durability of demand.” All three names rallied together because the same demand curve lifted every supplier’s contract book.
Micron Stock’s Potential Path to $1,250 Getting MU stock to $1,250 requires only a modest additional move relative to what Micron shares have already covered. Analyst consensus points that direction, with an average target of $1,513.11 and 44 buys against 4 holds. If HBM4 shipments continue tracking above plan and DRAM floors hold, Micron’s earnings power justifies further multiple expansion.
Estimate revisions back that up. Consensus fiscal-year 2027 EPS for Micron has climbed from $102.7224 ninety days ago to $155.0252, and analysts pushed 29 fiscal-year 2026 EPS estimates higher over the past 30 days against a single cut.
Polymarket traders remain more cautious. Their September 2026 Micron market prices $1,260 at a 16% probability and $1,200 at 25%. Contract activity isn’t underwriting a fast move through the target level.
What to Watch Next The bear case is straightforward. Micron’s management flagged “a meaningful moderation in the rate of price increases” in fiscal Q4, and any real crack in DRAM or NAND contract pricing would drag Micron and every peer in the complex. Investors sizing their exposure at these levels are underwriting the memory cycle itself, and their positions should account for a Micron beta of 2.22.
Micron reports its fiscal Q4 2026 later this month, and its guide will do the heavy lifting on whether $1,250 comes into view. Traders can watch for updates on HBM4 ramp progress, additional SCA closings, and any commentary on fiscal 2027 pricing, exactly the kind of new-high setup our free breakout rulebook was written for. Investors holding gains this large should keep their MU stock allocation sized to the cycle risk embedded in current prices, since the same forces that lifted the group can unwind together just as quickly.
Contact [email protected] for any questions or corrections.
While investors pile into Nvidia, a quieter memory supplier has already outpaced it with gains topping 700% in a year, and analysts think the run is nowhere near finished.
Everyone is fixated on NVIDIA (NASDAQ:NVDA | NVDA Price Prediction), but the memory supplier feeding every AI accelerator has quietly become the market’s most explosive story.
Micron Technology (NASDAQ:MU) has returned 708.26% over the past year and 235.19% year-to-date, powered by an unprecedented squeeze in high-bandwidth memory (HBM) supply.
CEO Sanjay Mehrotra summed up the shift on the June earnings call: “AI system performance is architecturally dependent on memory subsystem performance and capacity.” With shares at $942.31, the question is whether Micron can push through to $1,750 in 2027.
Wall Street Sees 60% Upside, But That Might Be Too Timid Analysts are already firmly bullish. The consensus one-year price target sits at $1,513.41, with 92% of covering analysts rating shares Buy or Strong Buy and zero sell ratings. Fiscal 2027 EPS consensus has ratcheted higher fast, climbing from $102.72 ninety days ago to $155.03 today.
Revenue estimates for FY27 now sit at $240.3 billion. Micron has also beaten expectations for seven consecutive quarters, with the latest quarter clearing the top line by 17.6% and EPS by 23.79%.
Path to $1,750 Per Share Here is where the math gets interesting. At $942.31, Micron trades at just 6x the FY27 EPS consensus of $155.03. Hitting $1,750 would require only an 11x multiple on those same earnings, still a discount to the S&P 500’s roughly 22x forward P/E. The move implies 86% upside from here.
What could get shares there:
Estimates keep climbing. FY27 EPS has risen 5 times in the trailing 30 days against just one cut. The high estimate is $221.27, which at 11x implies over $2,400 per share. Locked-in demand. Micron has signed 16 Strategic Customer Agreements with take-or-pay terms, cumulative minimum revenue near $100 billion, and $22 billion in cash deposits and letters of credit. Mehrotra said floor prices deliver “a very robust gross margin for Micron, well above our peak quarterly margins in any past cycle.” HBM4 is ramping fast. Micron already booked over $1 billion in HBM4 revenue, and the 12-high ramp is tracking twice as fast as HBM3E. Management sees supply tight “beyond calendar 2027.” Guidance is climbing. Fiscal Q4 guidance calls for record revenue of $50 billion, non-GAAP EPS of $31, and gross margin near 86%. Micron’s History Says $1,750 Is Within Reach An 86% year is aggressive, but MU has done far more, far faster. Shares are up 1,228.57% over five years and 5,771.98% over ten.
Over the past 12 months alone, Micron gained more than 700%. The stock’s beta of 2.21 reflects that volatility cuts both ways, but it also means outsized moves are part of the DNA.
Bottom Line on $1,750 Reaching $1,750 requires roughly 86% upside, well above Wall Street’s already-bullish 60.6% implied return.
The bull case rests on rising FY27 estimates, take-or-pay contracts covering half of future revenue, structurally tight memory supply, and a valuation that still trades at a fraction of the market multiple.
Micron fits the profile of the early-stage tech winners we reverse-engineered in a free playbook on spotting the next Nvidia. Risks are real: capex is running near $27 billion annually, HBM concentration is high, and memory cycles historically turn. Returns at this level should not be expected every year, but we have outlined the blueprint for how Micron could see outsized returns in 2027.
Contact [email protected] for any questions or corrections.
For a retirement-focused investor deciding between the two memory giants powering the AI buildout, the question is direct: Micron Technology (NASDAQ:MU | MU Price Prediction) or SK hynix (NASDAQ:SKHY)? Which belongs in the portfolio right now? Both sit at the…
For a retirement-focused investor deciding between the two memory giants powering the AI buildout, the question is direct: Micron Technology (NASDAQ:MU | MU Price Prediction) or SK hynix (NASDAQ:SKHY)? Which belongs in the portfolio right now? Both sit at the same structural chokepoint, where 2D DRAM scaling is hitting physical limits, and AI is driving high-bandwidth memory demand past what the oligopoly can supply. Consumer DRAM spot prices have surged nearly 700% over the past year, and the shortage is now spilling into smartphones and PCs. The valuation, growth, and risk profiles of these two, however, are anything but identical.
Valuation: SK hynix Trades at a Fraction of Micron’s Multiple Micron has been repriced violently. Shares closed at $1,016.59 on September 4, 2026, up 719.77% over one year and 256.41% year-to-date, pushing market cap to roughly $1.148 trillion. SK hynix carries a similar market cap at about $1.256 trillion, but the multiple tells a very different story: a trailing P/E of 11 and a forward P/E of 5 against an analyst target of $247.31 versus a current price of $177. SK hynix also generated a quarterly earnings growth of 12.72% with an EPS of $16.73. Winner: SKHY, by a wide margin.
Growth Trajectory: Micron’s Contracted Revenue Is Unmatched Micron’s sequential curve is one of the sharpest ever seen in memory: Q1 26 revenue $13.64B, Q2 26 $23.86B, Q3 26 $41.46B, and Q4 26 guided to $50B. Fiscal Q3 posted gross margin of 84.9% and non-GAAP EPS of $25.11, with Q4 EPS guided to $31 per share, plus or minus a dollar. More important for a long-horizon investor: management has signed 16 Strategic Customer Agreements structured as take-or-pay contracts, with cumulative minimum-price revenue of roughly $100 billion and $22 billion in deposits and financial commitments. CEO Sanjay Mehrotra said “We see tightness persisting beyond 2027.” SK hynix’s Q2 2026 preliminary revenue rose 256.8% year over year to KRW 79.32 trillion, but it missed the KRW 84.12T consensus and offered no forward guidance. Winner: MU.
Volatility, Risk, and Capital Return Micron has already priced in most of the upcycle. A stock that has advanced 1,312.66% over five years carries meaningful drawdown risk if HBM4 yields slip or if capex plans stretch beyond the $27 billion fiscal 2026 program. Its dividend is a token $0.15 per quarter. SK hynix carries a higher beta of 2.389 and KRW currency exposure through the ADS, but on August 19, 2026, it announced acceleration of a 40 trillion won share repurchase and cancellation program and a shareholder return target of over 50% of free cash flow. That, plus a dividend yield of 1.34%, is a materially better income and buyback story. Winner: SKHY.
Verdict: SK hynix for Retirement Portfolios, Micron for Growth Hunters For a retirement-focused investor, SK hynix screens as the more defensive of the two. A forward P/E of 5, an aggressive buyback, and a dividend policy tied to free cash flow deliver the margin of safety and income that a portfolio drawing down over decades actually needs. Micron is the superior operating story, with contracted revenue visibility no peer can match, but its share price has already captured the tightness Mehrotra described. Investors seeking maximum torque to the HBM cycle may find MU the closer fit. Investors prioritizing a defensible multiple with cash returning to shareholders may find SKHY the closer fit.
Contact [email protected] for any questions or corrections.
FSA Advisors Inc. acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,232 shares of the semiconductor manufacturer’s stock, valued at approximately $1,416,000.
Other hedge funds also recently bought and sold shares of the company. High Note Wealth LLC increased its position in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Micron Technology in the 1st quarter valued at approximately $27,000. Bayban purchased a new stake in shares of Micron Technology in the 4th quarter valued at approximately $29,000. WealthCollab LLC boosted its stake in Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 270 shares during the period. Finally, Financial Life Planners acquired a new position in Micron Technology in the 1st quarter worth approximately $36,000. 80.84% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Several analysts have issued reports on MU shares. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a research note on Monday, June 22nd. UBS Group reaffirmed a “buy” rating on shares of Micron Technology in a research report on Monday, August 10th. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. DA Davidson upped their price target on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. 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. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $1,295.63.
Get Our Latest Research Report on MU Insider Activity at Micron Technology In related news, EVP April Arnzen sold 40,000 shares of the firm’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 value of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares of the company’s stock, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott Allen sold 879 shares of the business’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 sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. 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 90 days. Insiders own 0.24% of the company’s stock.
Micron Technology Price Performance Micron Technology stock opened at $1,016.59 on Monday. 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 $125.66 and a 1-year high of $1,255.00. The firm’s fifty day simple moving average is $935.15 and its 200-day simple moving average is $736.78. The company has a market capitalization of $1.15 trillion, a P/E ratio of 23.02, a P/E/G ratio of 0.64 and a beta of 2.22.
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, topping 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%. Micron Technology’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts forecast 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. Shareholders of record on Monday, July 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s payout ratio is currently 1.36%.
Trending Headlines about 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 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.
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Micron (MU - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this chipmaker have returned +15.8%, compared to the Zacks S&P 500 composite's -0.1% change. During this period, the Zacks Computer - Integrated Systems industry, which Micron falls in, has gained 3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Micron is expected to post earnings of $31.39 per share, indicating a change of +936% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $73.86 for the current fiscal year indicates a year-over-year change of +791%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $157.84 indicates a change of +113.7% from what Micron is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Micron.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Micron, the consensus sales estimate for the current quarter of $50.76 billion indicates a year-over-year change of +348.6%. For the current and next fiscal years, $129.61 billion and $248.08 billion estimates indicate +246.8% and +91.4% changes, respectively.
Last Reported Results and Surprise HistoryMicron reported revenues of $41.46 billion in the last reported quarter, representing a year-over-year change of +345.7%. EPS of $25.11 for the same period compares with $1.91 a year ago.
Compared to the Zacks Consensus Estimate of $36.72 billion, the reported revenues represent a surprise of +12.91%. The EPS surprise was +17.39%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Micron is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Micron. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
Micron (MU +6.10%) is set to report fourth-quarter earnings on Sept. 30, and it could be a huge day for the stock. Investors are going to be most curious about the health of the memory chip market and whether Micron can keep hiking its prices due to a supply shortage.
Based on previous language from management, it will be some time before the memory chip crisis is alleviated, leaving Micron in a perfect spot to benefit from the shortage. I think this creates the perfect storm for the stock, and it could skyrocket after it reports earnings on Sept. 30. As a result, the best time to get into the stock is right now.
Image source: The Motley Fool.
Micron looks cheap heading into earnings As mentioned above, Micron is a memory chip producer and is benefiting from the soaring price of its product. The AI hyperscalers are primarily to thank for this, as the data center build-out has consumed all available memory chip capacity and then some. In Q3's results, Micron's management team noted that it doesn't see the supply shortage easing until after 2027, leaving plenty of time for companies like Micron to make a small fortune from rising prices.
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Micron also isn't sitting idle while prices soar; it's actively building new production facilities, but these don't go up overnight, and it will be late 2027 to 2028 before many of these are online and running at full capacity. What the memory chip market will do when supply increases is unknown, as Micron's and its peers' new production facilities may only provide enough capacity to alleviate part of the demand, while AI hyperscalers actually need more. It's also possible that the new supply infuses too much supply and carves the memory chip market back to normal levels. This unknown is part of why the market is pricing Micron at such a low price.
MU PE Ratio (Forward) data by YCharts
At just 6 times forward earnings, Micron's stock appears incredibly cheap, and it is. This stems from the uncertainty about what will happen over the next year and a half. However, at this price, the market is clearly taking one of the most negative stances possible. The reality is often somewhere in between the bear and bull cases, and I think that leaves plenty of room for the stock to rise.
A catalyst like Micron's earnings could kick-start this run, and I'd be surprised if Micron reports anything but spectacular results, as that's what it's done over the past few quarters. I think that makes the stock a buy now, and investors may be kicking themselves for not buying pre-earnings.
Keithen Drury 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.
A machine learning model has forecast that Micron Technology (NASDAQ: MU) could trade at an average price of $1,061 by September 30, 2026.
The prediction, generated by Finbold’s AI-powered forecasting tool, implies a potential gain of 4.55% from Micron’s press-time price of $1,015.20. The forecast aggregated insights from several models, including DeepSeek Chat, Gemini 3.5 Flash, and GPT-5.7 Luna.
MU stock price prediction. Source: Finbold Among the individual models, Gemini 3.5 Flash delivered the most bullish outlook, projecting MU stock at $1,095.50, representing a potential upside of 7.91%. GPT-5.7 Luna forecast a price of $1,065.00, while DeepSeek Chat predicted a more modest rise to $1,023.60.
MU stock price prediction. Source: Finbold The machine learning forecast incorporated technical indicators, including the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Stochastic oscillator, MACD slope, 50-day simple moving average (SMA 50), and 200-day simple moving average (SMA 200).
The forecast comes as investors assess whether Micron can sustain its AI-driven growth momentum ahead of its next earnings report on September 30.
MU stock fundamentals Micron’s strong outlook follows a period of exceptional business performance fueled by surging demand for artificial intelligence infrastructure and high-bandwidth memory (HBM) products.
In fiscal Q3 2026, the company reported revenue of $41.46 billion, up 346% year-over-year, while adjusted earnings per share reached $25.11, comfortably ahead of analyst expectations. Micron also posted a non-GAAP gross margin of approximately 84.9%, highlighting strong pricing power in memory markets.
Management expects growth to continue in the current quarter, guiding for revenue of about $50 billion and adjusted EPS of roughly $31, supported by ongoing supply constraints in AI memory products.
Meanwhile, analyst forecasts have since converged with that outlook, with consensus estimates calling for adjusted EPS of roughly $31.14 to $31.39 and revenue between $50.7 billion and $53 billion. Full-year fiscal 2026 adjusted EPS is projected at around $73.
Micron has also increased revenue visibility through strategic customer agreements. The technology company has signed 16 multi-year contracts across data center, consumer, and automotive markets, securing approximately $22 billion in customer commitments and around $100 billion in remaining performance obligations.
The forecast suggests Micron shares could maintain their upward trajectory as AI-related demand continues to support earnings growth.
However, investors remain focused on the September 30 earnings release, which could offer fresh insight into the sustainability of the current memory market supercycle.
Featured image via Shutterstock
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Jupiter Topco LLC purchased a new position 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 Securities and Exchange Commission (SEC). The institutional investor purchased 3,055,874 shares of the semiconductor manufacturer’s stock, valued at approximately $3,525,281,000. Micron Technology comprises 1.4% of Jupiter Topco LLC’s investment portfolio, making the stock its 10th largest holding. Jupiter Topco LLC owned 0.27% of Micron Technology at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 976 shares during the period. Sivia Capital Partners LLC raised its position 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 worth $435,000 after buying an additional 628 shares during the period. United Bank purchased a new position in shares of Micron Technology in the 2nd quarter worth $236,000. Schnieders Capital Management LLC. boosted 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 valued at $2,093,000 after acquiring an additional 6,867 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Micron Technology by 5.6% in the second 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 last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Insider Buying and Selling In other news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred 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 sale, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 177,204 shares of company stock valued at $182,156,264 over the last three months. Company insiders own 0.24% of the company’s stock.
Wall Street Analyst Weigh In Several equities research analysts have commented on the company. KeyCorp restated an “overweight” rating on shares of Micron Technology in a research note on Monday, July 20th. BMO Capital Markets assumed coverage on Micron Technology in a research note on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research 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 issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $1,295.63. Get Our Latest Research Report on MU
Micron Technology Trading Up 6.1% Shares of MU opened at $1,016.59 on Friday. Micron Technology, Inc. has a 12 month low of $125.66 and a 12 month high of $1,255.00. The stock’s 50-day moving average is $935.15 and its two-hundred day moving average is $734.51. 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 stock has a market cap of $1.15 trillion, a PE ratio of 23.02, a P/E/G ratio of 0.61 and a beta of 2.22.
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 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 last year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current fiscal year.
Micron Technology Dividend Announcement 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 $0.15 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 1.36%.
Key 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 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.
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