Micron Technology (NASDAQ:MU) Reaches New 52-Week High – Should You Buy?

Micron Technology, Inc. (NASDAQ:MU) shares hit a new 52-week high on Wednesday . The company traded as high as $298.83 and last traded at $292.5130, with a volume of 22889936 shares trading hands. The stock had previously closed at $294.37.

Micron Technology News Roundup

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

• Positive Sentiment: MarketBeat technical and fundamental bull case: breakout to new highs with technical targets implying ~30%–80% upside; analysts have raised price targets and the HBM shortage is expected to boost pricing and margins. Micron Gains Momentum, Again—30% to 80% Upside in 2026
• Positive Sentiment: Strong earnings and outlook remain the backbone of the rally: FQ1 beat, robust revenue guidance and management commentary underpin analyst upgrades and a Zacks #1 (Strong Buy) growth ranking. Best Growth Stocks to Buy for December 30th
• Positive Sentiment: Street narratives call MU undervalued despite a big YTD run; several outlets highlight MU as a long‑term AI/memory winner — reinforcing buying interest from both retail and institutional investors. Micron Technology Looks Like An Undervalued Long-Term Winner
• Positive Sentiment: ETF and sector flow tailwinds: semiconductor ETFs and memory‑supercycle narratives (HBM demand) are allocating to MU, amplifying momentum beyond company‑specific drivers. Find the Next NVIDIA With This Semiconductor ETF (MU referenced)
• Neutral Sentiment: Memory shortage story is mixed: shortages lift ASPs and margins (positive for MU) but can impede end‑market adoption in consumer segments (a timing/visibility risk). What the Recent Memory Shortage Means for Micron Technology Shareholders
• Neutral Sentiment: Small institutional buys continue (13F entries), but these filings are incremental and not yet a major directional signal. Apella Capital LLC Buys New Position in Micron Technology, Inc. $MU
• Negative Sentiment: Short‑term hedging and options trades: commentators highlight bear put spreads and other strategies positioned for a pullback from overbought levels — a sign some traders expect near‑term mean reversion. Micron Technology Bear Put Spread Could Return 197% in this Down Move

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MU shares. TD Cowen upped their price objective on Micron Technology from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Needham & Company LLC boosted their price target on Micron Technology from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. New Street Research restated a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. KeyCorp set a $350.00 price objective on Micron Technology in a research note on Thursday, December 18th. Finally, Itau BBA Securities reiterated an “outperform” rating on shares of Micron Technology in a report on Thursday, December 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $282.61.

Micron Technology Price Performance

The company has a 50-day moving average price of $240.61 and a two-hundred day moving average price of $173.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The company has a market cap of $329.23 billion, a PE ratio of 27.81, a P/E/G ratio of 0.19 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last announced its 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. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company’s revenue was up 56.7% on a year-over-year basis. During the same period last year, the business posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, December 29th. Micron Technology’s payout ratio is presently 4.37%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, 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 value of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This represents a 34.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 354,300 shares of company stock worth $78,800,968. 0.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. REAP Financial Group LLC acquired a new position in shares of Micron Technology in the 3rd quarter valued at approximately $25,000. First Command Advisory Services Inc. grew its position in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Micron Technology in the third quarter worth $27,000. Howard Hughes Medical Institute bought a new stake in shares of Micron Technology in the second quarter worth $30,000. Finally, AlphaQuest LLC raised its holdings in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 265 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.