Micron Technology (NASDAQ:MU) Sets New 1-Year High - Here's What Happened

Key Points

• Micron hit a new 52-week high (trading as high as $455.50) and was up about 4.8% amid broad analyst bullishness, with multiple price-target raises including HSBC and Rosenblatt to $500 and an average target of $349.76.
• Quarterly results beat expectations: Micron reported $4.78 EPS vs. $3.77 expected and $13.64B revenue (up 56.7% YoY), with a 28.2% net margin and Q2 2026 guidance of $8.220–$8.620 EPS.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $455.50 and last traded at $414.3080, with a volume of 2135385 shares trading hands. The stock had previously closed at $414.88.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup lifted their price target on Micron Technology from $330.00 to $385.00 and gave the stock a "buy" rating in a report on Thursday, January 15th. HSBC raised their target price on Micron Technology from $350.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, January 23rd. William Blair started coverage on shares of Micron Technology in a report on Thursday, January 22nd. They set an "outperform" rating on the stock. Rosenblatt Securities restated a "buy" rating and set a $500.00 price objective on shares of Micron Technology in a research report on Tuesday, January 20th. Finally, Sanford C. Bernstein increased their target price on shares of Micron Technology from $270.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, January 2nd. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $349.76.

Micron Technology Stock Up 4.8%

The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The firm has a market cap of $489.19 billion, a price-to-earnings ratio of 41.25 and a beta of 1.51. The stock has a 50-day moving average of $301.32 and a 200-day moving average of $212.41.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. Micron Technology's quarterly revenue was up 56.7% compared to the same quarter last year. During the same period last year, the firm posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 annualized dividend and a yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is presently 4.37%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the business's stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $277.09, for a total value of $4,156,350.00. Following the sale, the executive vice president directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of the firm's stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the transaction, the executive vice president owned 323,486 shares of the company's stock, valued at approximately $126,495,965.44. This trade represents a 7.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 61,123 shares valued at $19,547,151. Insiders own 0.24% of the company's stock.

Hedge Funds Weigh In On Micron Technology

Institutional investors have recently bought and sold shares of the stock. Orleans Capital Management Corp LA bought a new stake in Micron Technology during the 2nd quarter valued at approximately $256,000. iA Global Asset Management Inc. boosted its stake in Micron Technology by 18.7% during the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock worth $24,578,000 after buying an additional 23,117 shares in the last quarter. Cary Street Partners Financial LLC boosted its position in shares of Micron Technology by 25.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer's stock valued at $3,221,000 after acquiring an additional 5,233 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in Micron Technology by 27.8% during the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer's stock valued at $1,818,000 after purchasing an additional 3,208 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in Micron Technology by 6.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer's stock valued at $49,683,000 after buying an additional 23,600 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology Company Profile

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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