AG2R LA Mondiale Gestion D Actifs Has $12.71 Million Stock Holdings in Micron Technology, Inc. $MU

Key Points

• AG2R LA Mondiale Gestion D Actifs increased its Micron Technology stake by 6.2% in the fourth quarter, ending with 44,520 shares worth about $12.71 million.
• Several other major institutional investors also boosted their holdings, and 80.84% of Micron’s stock is now owned by institutions and hedge funds.
• Micron has seen strong momentum from AI-related memory demand, with the stock hitting a new 52-week high and analysts maintaining a Buy consensus with an average price target of $478.24.

AG2R LA Mondiale Gestion D Actifs lifted its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,520 shares of the semiconductor manufacturer's stock after acquiring an additional 2,616 shares during the period. Micron Technology makes up approximately 0.6% of AG2R LA Mondiale Gestion D Actifs' holdings, making the stock its 27th biggest holding. AG2R LA Mondiale Gestion D Actifs' holdings in Micron Technology were worth $12,706,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MU. AQR Capital Management LLC raised its position in shares of Micron Technology by 411.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock valued at $606,873,000 after acquiring an additional 2,918,535 shares during the period. Vanguard Group Inc. raised its position in shares of Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after acquiring an additional 1,954,644 shares during the period. California Public Employees Retirement System raised its position in shares of Micron Technology by 70.2% in the 3rd quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer's stock valued at $505,942,000 after acquiring an additional 1,246,773 shares during the period. Voloridge Investment Management LLC raised its position in shares of Micron Technology by 1,064.3% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,304,471 shares of the semiconductor manufacturer's stock valued at $218,264,000 after acquiring an additional 1,192,433 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock worth $1,196,427,000 after buying an additional 1,188,296 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 24,000 shares of the firm's stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president directly owned 224,021 shares of the company's stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares of the company's stock, valued at $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 104,000 shares of company stock valued at $45,458,400 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Micron Technology Price Performance

Shares of MU opened at $746.33 on Monday. The stock has a market capitalization of $841.66 billion, a P/E ratio of 35.24 and a beta of 1.91. Micron Technology, Inc. has a twelve month low of $84.68 and a twelve month high of $747.21. The company has a 50 day moving average of $435.84 and a 200-day moving average of $348.07. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is an increase from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio (DPR) is 2.83%.

Micron Technology News Summary

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

• Positive Sentiment: Micron hit a fresh 52-week high as investors continued to bet on booming demand for HBM and other AI-related memory products. Micron Stock (MU) Jumps 14% to a New 52-Week High – Is It Too Late to Buy?
• Positive Sentiment: Analysts and market commentary continue to describe Micron as a key beneficiary of the “AI memory supercycle,” with strong earnings growth, high margins, and ongoing supply shortages supporting the stock. Micron (MU) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Micron’s rally is being reinforced by bullish analyst sentiment, including higher earnings estimates and price-target-related optimism that suggests the stock still has room to run. Memory Stocks Continue to Surge. What's Driving Micron and Sandisk Higher.
• Positive Sentiment: The company’s launch of a 245TB SSD and continuing momentum in AI infrastructure demand are being cited as additional catalysts for revenue growth and diversification beyond HBM. Micron Technology (MU) Is Up 28.6% After Launching 245TB SSD Amid AI-Driven Memory Tightness

Analysts Set New Price Targets

MU has been the topic of several research analyst reports. William Blair initiated coverage on shares of Micron Technology in a report on Thursday, January 22nd. They set an "outperform" rating on the stock. JPMorgan Chase & Co. raised their target price on shares of Micron Technology from $350.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Wells Fargo & Company raised their target price on shares of Micron Technology from $470.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Erste Group Bank downgraded shares of Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Finally, Sanford C. Bernstein raised their target price on shares of Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, March 18th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $478.24.

Micron Technology 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.

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