Chip Stock Hits 2025 Peak Before Reversing Gains

Core Viewpoint - Micron Technology Inc's stock is experiencing a decline despite beating fiscal third-quarter earnings and revenue expectations, with significant price-target increases from analysts [1][2]. Group 1: Earnings and Stock Performance - Micron's stock is down 1.7%, trading at $125.06, despite a strong earnings report [1]. - The stock reached a year-to-date peak of $129.85 before reversing gains, indicating volatility in its price movement [3]. - Year-to-date, shares have gained 50.8%, suggesting strong overall performance despite recent declines [3]. Group 2: Analyst Ratings and Price Targets - A total of 26 out of 30 analysts have a "buy" or better rating on Micron, reflecting positive sentiment in the market [2]. - The 12-month consensus price objective for Micron is $137.40, which represents a 7.7% premium over the current stock price [2]. Group 3: Options Trading Activity - Options trading volume is significantly higher than usual, with 139,000 calls and 97,000 puts exchanged, indicating increased investor interest [4]. - The most active option is the weekly 6/27 130-strike call, where new positions are being opened [4]. - Micron's stock has a high Schaeffer's Volatility Scorecard (SVS) score of 96 out of 100, indicating it has historically delivered larger-than-expected price swings [4].