Micron Technology, Inc. (MU) Soars to 52-Week High, Time to Cash Out?

Shares of Micron (MU) have been strong performers lately, with the stock up 53.4% over the past month. The stock hit a new 52-week high of $182.39 in the previous session. Micron has gained 116.4% since the start of the year compared to the 22.9% gain for the Zacks Computer and Technology sector and the 50.2% return for the Zacks Computer - Integrated Systems industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on September 23, 2025, Micron reported EPS of $3.03 versus consensus estimate of $2.86 while it beat the consensus revenue estimate by 0.47%.For the current fiscal year, Micron is expected to post earnings of $16.58 per share on $53.61 in revenues. This represents a 100% change in EPS on a 43.43% change in revenues. For the next fiscal year, the company is expected to earn $18.57 per share on $61.1 in revenues. This represents a year-over-year change of 12.01% and 13.97%, respectively.Valuation MetricsWhile Micron has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.Micron has a Value Score of B. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of A.In terms of its value breakdown, the stock currently trades at 11X current fiscal year EPS estimates, which is not in-line with the peer industry average of 25.1X. On a trailing cash flow basis, the stock currently trades at 12X versus its peer group's average of 25.6X. Additionally, the stock has a PEG ratio of 0.38. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Micron currently has a Zacks Rank of #1 (Strong Buy) thanks to favorable earnings estimate revisions from covering analysts.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Micron fits the bill. Thus, it seems as though Micron shares could have a bit more room to run in the near term.How Does MU Stack Up to the Competition?Shares of MU have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Seagate Technology Holdings PLC (STX). STX has a Zacks Rank of #2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of B.Earnings were strong last quarter. Seagate Technology Holdings PLC beat our consensus estimate by 5.28%, and for the current fiscal year, STX is expected to post earnings of $10.52 per share on revenue of $10.17 billion.Shares of Seagate Technology Holdings PLC have gained 45.7% over the past month, and currently trade at a forward P/E of 24.41X and a P/CF of 30.33X.The Computer - Integrated Systems industry is in the top 14% of all the industries we have in our universe, so it looks like there are some nice tailwinds for MU and STX, even beyond their own solid fundamental situation.Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. 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(MU): Free Stock Analysis Report Seagate Technology Holdings PLC (STX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks