Micron Technology's Stock Surges 6.66% to $157.23, Driven by Strong Earnings and AI Demand

Micron Technology Inc. (NASDAQ:MU) saw its stock price rise by 6.66% on Friday, closing at $157.23. The company traded 32,223,879 shares, which is above its average volume of 18,799,406. The stock's 52-week range is $61.54 to $158.28. Micron Technology has a market cap of $175.96 billion, a P/E ratio of 28.33, and a beta of 1.47. Key financial metrics include a debt-to-equity ratio of 0.30, a current ratio of 2.75, and a quick ratio of 1.89. The 50-day and 200-day moving averages are $119.94 and $103.33, respectively. Institutional investors own 80.84% of the company's stock. Several institutional investors, including Howe & Rusling Inc., Salem Investment Counselors Inc., and Zevenbergen Capital Investments LLC, have adjusted their positions in Micron Technology. Additionally, financial advisory firms like Opal Wealth Advisors LLC, Roxbury Financial LLC, and AllSquare Wealth Management LLC have also made changes to their holdings. Analysts from Susquehanna, Robert W. Baird, KGI Securities, Sandler, and Barclays have recently updated their ratings and price targets for Micron Technology, with some increasing their price targets due to strong demand for AI data center memory.

Micron Technology, Inc. has reported earnings and revenue that exceeded analysts' expectations during its latest fiscal quarter. On Wednesday, the company announced projected revenue of approximately $10.7 billion for its fiscal fourth quarter, representing a significant 38% increase from the previous year's revenue of $7.75 billion. This forecast surpasses the average analyst estimate of $9.9 billion as noted by LSEG. In the third quarter, the company's revenue more than doubled, with total sales increasing by 37% to $6.81 billion compared to the same quarter last year. This growth is attributed to the surge in demand for high-bandwidth memory (HBM) driven by the rapid expansion of artificial intelligence applications.

Micron's CEO, Sanjay Mehrotra, highlighted the company's strategic focus on investing in technology leadership and manufacturing excellence to meet the escalating memory demands associated with AI advancements. Following the earnings announcement, Micron's stock initially surged in extended trading; however, it subsequently retracted most of its gains. As of the market close on Wednesday, Micron's shares were up 51% year-to-date, considerably outpacing the Nasdaq's overall gain of 3.4%. The pronounced growth reflects the increasing market share Micron is capturing against its competitors, particularly Samsung, in the AI-related memory chip sector.

Micron Technology, Inc., a leading manufacturer of computer memory chips, reported exceptional financial results for its third quarter of fiscal 2025, which concluded on May 29, 2025. The company achieved record revenues, significantly driven by robust demand for Dynamic Random-Access Memory (DRAM) and high bandwidth memory (HBM). Notably, HBM revenue surged nearly 50% sequentially, while data center revenue more than doubled year-over-year to reach a historic high. Micron's Chairman, President and CEO, Sanjay Mehrotra, highlighted the strong sequential growth in consumer-oriented markets as a key factor in their success. For Q3 2025, the company recorded net capital expenditures of $2.66 billion and an adjusted free cash flow of $1.95 billion, concluding the quarter with $12.22 billion in cash, marketable investments, and restricted cash. Furthermore, Micron's Board declared a quarterly dividend of $0.115 per share, scheduled for payment on July 22, 2025, to shareholders of record as of July 7, 2025. Micron's optimistic guidance for Q4 of fiscal 2025 indicates continued strength in demand for artificial intelligence technologies. The company's conference call set for June 25, 2025, promises to discuss the financial results and the favorable business outlook further, underscoring Micron's pivotal role in the thriving AI and data economy.