Micron Technology (NASDAQ:MU) Stock Price Up 3.4% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) shares rose 3.4% during mid-day trading on Monday . The company traded as high as $294.50 and last traded at $294.37. Approximately 25,924,953 shares were traded during trading, an increase of 8% from the average daily volume of 23,944,094 shares. The stock had previously closed at $284.79.

More Micron Technology News

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

• Positive Sentiment: All-time high ahead of dividend — buyers stepped in to qualify for Micron’s dividend, helping push MU to record levels as year-end rebalancing and dividend capture lifted demand. Micron Technology (MU) Soars to All-Time High Ahead of Dividend Payout
• Positive Sentiment: Analyst upgrades and momentum — several outlets note recent analyst price-target increases and upgrades tied to booming HBM demand and better-than-expected FQ1 results, which underpin longer-term upside. Micron (MU) positioned for growth as AI-driven memory demand triggers major analyst upgrades
• Positive Sentiment: NAND and HBM tailwinds — NAND revenue growth to ~$2.7B (now ~20% of sales) and ongoing HBM tightness are cited as durable revenue drivers for data‑center/AI customers, supporting margins and pricing power. Micron Technology’s NAND Revenues Reach $2.7B: Is It a Growth Lever?
• Positive Sentiment: Technicals and price-target upside — bullish technical write-ups project additional upside (30–80% in some scenarios) if AI demand and HBM pricing persist, supporting continued buy-side interest. Micron Gains Momentum, Again—30% to 80% Upside in 2026
• Neutral Sentiment: Options and trading flows — elevated options activity and put/call positioning have increased intraday volatility; some traders are using structured bearish trades while others buy calls, amplifying short-term swings. Unpacking the Latest Options Trading Trends in Micron Technology
• Negative Sentiment: Sell calls on valuation — several commentators argue MU is richly valued after the run (P/E and stretched sentiment), recommending caution or selling into strength; that narrative is prompting some profit-taking. Micron Technology (MU): A Sell Recommendation Amid High Valuations
• Negative Sentiment: Critical analyst pieces — bearish/contrarian articles highlight risks (excess optimism, crowded positioning, “check your P/E” arguments), which can pressure sentiment after a rapid rally. Micron: Check Your P/E At The Door What The Micron Bulls Would Have You Believe Is Insane

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MU. TD Cowen increased their price objective on shares of Micron Technology from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Citigroup boosted their price objective on Micron Technology from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, December 18th. KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Finally, Cowen reiterated a “buy” rating on shares of Micron Technology in a research report on Thursday, December 11th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $282.61.

Micron Technology Price Performance

The company has a fifty day moving average price of $240.61 and a two-hundred day moving average price of $173.98. The firm has a market capitalization of $321.71 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 0.19 and a beta of 1.54. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. During the same quarter in the prior year, the firm earned $1.79 EPS. Micron Technology’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 29th will be given a $0.115 dividend. The ex-dividend date is Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s payout ratio is currently 4.37%.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the transaction, the executive vice president owned 165,618 shares in the company, valued at approximately $45,891,091.62. The trade was a 8.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. This trade represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 354,300 shares of company stock worth $78,800,968 in the last three months. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several institutional investors and hedge funds have recently modified their holdings of MU. Orleans Capital Management Corp LA acquired a new stake in shares of Micron Technology in the second quarter worth $256,000. Cary Street Partners Financial LLC raised its holdings in Micron Technology by 25.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after acquiring an additional 5,233 shares during the period. Wealthspire Advisors LLC lifted its position in Micron Technology by 27.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after acquiring an additional 3,208 shares during the last quarter. KLP Kapitalforvaltning AS boosted its holdings in Micron Technology by 6.2% during the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after acquiring an additional 23,600 shares during the period. Finally, WealthBridge Capital Management LLC bought a new stake in Micron Technology during the second quarter valued at about $210,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

About Micron Technology

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.