Micron shares have gained 350% over the past year, outpacing the 68% rise in the PHLX Semiconductor Sector index, but have slid 25% from their 52-week high reached in June this year, a pullback the author attributes more to broader market sentiment than to financial performance. The author suggests management could opt for a stock split, as the last one was in 2000, since a lower share price could make the stock more accessible and spur demand. With shares around $900, Micron trades at 13 times earnings versus 45 for the iShares Semiconductor ETF, and EPS is expected to rise nearly 134% this fiscal year to $176.55. The 12-month median price target of $1,550 implies 70% upside, and 53 of 57 analysts rate the stock a buy. The author argues Micron remains attractive regardless of a split, citing TrendForce's forecast that the global memory market will grow from $889 billion in 2026 to $1.28 trillion next year.
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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