Arizona State Retirement System Sells 8,819 Shares of Micron Technology, Inc. $MU

Key Points

• Arizona State Retirement System trimmed its Micron stake by 2.7% in Q4, selling 8,819 shares and now holds 318,004 shares worth about $90.76 million, making MU its 28th-largest position (~0.5% of its holdings).
• Micron is trading near 52‑week highs (opened at $481.72) with a market cap around $543 billion, and analysts have been raising price targets (e.g., Bernstein to $510, Mizuho to $530) leaving a MarketBeat consensus target near $464.61 and a majority Buy/Strong Buy rating.
• Corporate and market drivers: Micron raised its quarterly dividend to $0.15 ($0.60 annualized) while insiders sold about 89,000 shares in the past 90 days; surging AI-driven HBM/DRAM demand supports upside but increased capacity from SK Hynix and geopolitical/export-control risks pose headwinds.

Arizona State Retirement System trimmed its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,004 shares of the semiconductor manufacturer's stock after selling 8,819 shares during the quarter. Micron Technology comprises about 0.5% of Arizona State Retirement System's holdings, making the stock its 28th largest position. Arizona State Retirement System's holdings in Micron Technology were worth $90,762,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC raised its holdings in shares of Micron Technology by 31.8% in the 4th quarter. N.E.W. Advisory Services LLC now owns 1,332 shares of the semiconductor manufacturer's stock valued at $380,000 after acquiring an additional 321 shares in the last quarter. Diversified Enterprises LLC increased its position in shares of Micron Technology by 24.3% in the fourth quarter. Diversified Enterprises LLC now owns 2,512 shares of the semiconductor manufacturer's stock worth $717,000 after purchasing an additional 491 shares during the last quarter. Wealth Science Advisors LLC purchased a new stake in Micron Technology in the fourth quarter valued at approximately $575,000. Chicago Partners Investment Group LLC lifted its position in Micron Technology by 5.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 20,794 shares of the semiconductor manufacturer's stock valued at $5,935,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Quent Long Short Global Small Cap Fund LP bought a new stake in Micron Technology during the fourth quarter valued at approximately $1,324,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

MU stock opened at $481.72 on Friday. The firm has a market cap of $543.25 billion, a P/E ratio of 22.74 and a beta of 1.60. The firm's fifty day moving average is $412.13 and its 200 day moving average is $325.25. Micron Technology, Inc. has a 52 week low of $73.50 and a 52 week high of $493.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Micron Technology Increases Dividend

The business also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology's payout ratio is 2.83%.

Insider Transactions at Micron Technology

In related news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the sale, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. This represents a 9.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $13,895,600.00. Following the transaction, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 89,000 shares of company stock worth $34,755,250 over the last ninety days. Insiders own 0.24% of the company's stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Surging HBM/DRAM demand from AI workloads is supporting pricing power and long‑term revenue upside for Micron, a core bullish fundamental driving the rally. Can Rising HBM Demand Accelerate Micron's Long-Term Revenue Growth?
• Positive Sentiment: Analysts and top investors remain bullish (high percentage of Buy ratings and upbeat price targets), reinforcing investor confidence in MU's multi‑quarter growth runway. Here’s What Citi and UBS Think About Micron Technology (MU)
• Positive Sentiment: Supplier ASML raised guidance on AI chip demand, which supports the broader semiconductor cycle that benefits Micron. ASML Has Just Delivered Massive News for Micron Technology Investors
• Positive Sentiment: Technical momentum and trading signals (breakouts/“stock of the day” notes) helped MU hit 52‑week highs recently, attracting momentum flows. Micron Technology Shares Climb Over 3% After Key Trading Signal
• Neutral Sentiment: Market chatter about a potential stock split reflects elevated share price and could boost retail interest but is speculative. Will Micron Technology Stock Split in 2026?
• Neutral Sentiment: Broader semiconductor momentum is lifting ETFs and peers (Nvidia, etc.), which provides sector tailwinds but also correlates MU to macro/tech flows. Semiconductor stocks like Nvidia and Micron are on a remarkable streak
• Negative Sentiment: SK Hynix is rapidly adding capacity (multi‑billion dollar investment) and reported a huge profit jump — risks that increased competitor supply could pressure Micron’s pricing later. SK Hynix spends $13 billion to widen its lead over Samsung and Micron
• Negative Sentiment: Micron is lobbying for tighter export controls on Chinese chip tool sales — a move that could invite geopolitical friction or regulatory backlash, adding execution and policy risk. Micron pushes US Congress to crack down on chip tool sales to Chinese rivals, sources say

Analyst Upgrades and Downgrades

A number of research firms have commented on MU. Sanford C. Bernstein increased their price target 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. Mizuho lifted their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the stock an "outperform" rating in a report on Thursday, March 19th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Micron Technology in a research report on Thursday, January 29th. Piper Sandler increased their target price on Micron Technology from $275.00 to $400.00 and gave the company an "overweight" rating in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group raised their price target on Micron Technology from $360.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $464.61.

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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