Micron Technology (NASDAQ:MU) Trading Up 3.9% – Here’s What Happened
by Tristan Rich · The Markets DailyMicron Technology, Inc. (NASDAQ:MU – Get Free Report) was up 3.9% on Wednesday . The stock traded as high as $289.30 and last traded at $286.9830. Approximately 18,554,077 shares were traded during trading, a decline of 23% from the average daily volume of 23,960,969 shares. The stock had previously closed at $276.27.
Key Stores Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Reported beat + sold‑out HBM capacity — management said HBM orders are filled through 2026 and much pricing is locked, giving multi‑quarter revenue visibility and de‑risking near‑term cash flow. Micron Just Changed the AI Cycle—and the Market Knows It
- Positive Sentiment: Structural margin improvement and capacity build — reports highlight gross‑margin expansion (well above prior levels), HBM4 sampling, and a ~ $20B FY2026 CapEx plan that accelerates an Idaho fab to capture premium AI memory pricing. Micron Technology (MU) Soars 10% on Stellar Earnings and Record 2026 Outlook
- Positive Sentiment: Analyst upgrades and higher price targets — multiple firms lifted ratings and targets (notes of targets as high as $500 circulate), which fuels momentum and institutional buying into year‑end window dressing. 1 Analyst Thinks Micron Stock Can Touch $500. Should You Buy It Here?
- Positive Sentiment: HBM supply tightness supports pricing power — industry coverage points to constrained HBM production through 2026–2027, underpinning elevated prices and favorable mix for Micron. 4 Memorable Ways to Play the HBM Market Boom
- Neutral Sentiment: Broader market tailwinds — gains in major indexes and AI‑infrastructure rotation helped momentum names like Micron on a quiet year‑end tape. Dow Jones Today: Major Stock Indexes Rise for 4th Straight Session
- Neutral Sentiment: Social/analyst chatter amplifies moves — online discussions emphasize AI demand, low forward P/E and bullish price targets; that can accelerate flows but also raise short‑term volatility. Micron Technology Stock (MU) Opinions on AI-Driven Revenue Forecast
- Negative Sentiment: Insider selling — recent exec/director sales (including Steven Gomo, April Arnzen) and a history of executive sales have been highlighted by data providers, which some investors view as a signal to trim positions. Steven Gomo Sells 5,000 Shares of Micron Technology (NASDAQ:MU) Stock
- Negative Sentiment: Valuation and execution risk — commentators warn the rally could overshoot fundamentals; high CapEx, fab‑ramp execution risk, or future easing in HBM pricing could trigger pullbacks. Micron: Rally Went Too Far, This Party Shouldn’t Last Forever
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Mizuho upped their price objective on Micron Technology from $270.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Stifel Nicolaus boosted their target price on shares of Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Finally, KeyCorp set a $350.00 price objective on shares of Micron Technology in a research note on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology has an average rating of “Buy” and an average price target of $282.61.
View Our Latest Analysis on Micron Technology
Micron Technology Stock Up 3.9%
The firm has a market cap of $323.00 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 0.17 and a beta of 1.54. The firm has a 50 day moving average of $231.82 and a 200 day moving average of $167.84. 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 – Get Free Report) last announced its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. The company had revenue of $13.64 billion during 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%. The company’s quarterly revenue was up 56.7% on a year-over-year basis. During the same quarter 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 predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.
Micron Technology Dividend Announcement
The business also recently disclosed 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 dividend payout ratio is 4.37%.
Insider Buying and Selling
In other Micron Technology news, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the transaction, the chief executive officer owned 396,578 shares in the company, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $263.63, for a total value of $1,318,150.00. Following the completion of the sale, the director directly owned 19,139 shares of the company’s stock, valued at $5,045,614.57. This trade represents a 20.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 389,852 shares of company stock worth $84,838,803 over the last 90 days. 0.24% of the stock is owned by company insiders.
Hedge Funds Weigh In On Micron Technology
Large investors have recently modified their holdings of the company. REAP Financial Group LLC acquired a new stake in Micron Technology in the 3rd quarter valued at $25,000. First Command Advisory Services Inc. lifted its stake in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Micron Technology in the third quarter valued at $27,000. Howard Hughes Medical Institute acquired a new position in shares of Micron Technology during the second quarter valued at about $30,000. Finally, AlphaQuest LLC grew its holdings in shares of Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.
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.