Artemis Investment Management LLP Lowers Holdings in Micron Technology, Inc. $MU

Key Points

• Artemis Investment Management trimmed its Micron stake by 2.0% in Q4, selling 2,586 shares and leaving 126,584 shares valued at about $36.13 million per its latest 13F filing.
• Major institutions—led by Vanguard (106.6M shares), State Street and Capital International—have increased positions, with institutional ownership around 80.84%, indicating broad institutional conviction.
• Shares have rallied on AI-driven memory demand and multiple analyst price‑target upgrades (consensus "Buy", target $478.24), though commentators warn of valuation/momentum risk even as Micron raised its dividend and insiders have been net sellers recently.

Artemis Investment Management LLP trimmed its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,584 shares of the semiconductor manufacturer's stock after selling 2,586 shares during the period. Artemis Investment Management LLP's holdings in Micron Technology were worth $36,128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Micron Technology by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock worth $30,427,016,000 after buying an additional 1,954,644 shares in the last quarter. State Street Corp raised its stake in shares of Micron Technology by 0.6% during the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer's stock worth $8,643,613,000 after buying an additional 285,582 shares in the last quarter. Capital International Investors raised its stake in shares of Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer's stock worth $3,910,198,000 after buying an additional 155,860 shares in the last quarter. Invesco Ltd. raised its stake in shares of Micron Technology by 8.0% during the 3rd quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer's stock worth $1,609,981,000 after buying an additional 708,716 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Micron Technology by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer's stock worth $1,217,394,000 after buying an additional 135,850 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Big cloud and AI customers (Meta, Microsoft, Amazon) signaled rising memory prices and bigger AI capex — a direct revenue and pricing tailwind for Micron’s memory business. Why Is Micron Technology Stock Up On Friday?
• Positive Sentiment: Top‑end memory (HBM) demand tied to agentic AI and inference workloads is intensifying; industry writeups highlight structural need for faster, larger memory — a long‑term market opportunity for Micron’s HBM products. The AI Gold Rush Just Hit a New Layer: Here’s Why Sandisk Is Printing Money
• Positive Sentiment: Analyst bullishness is rising — multiple outlets report steep price targets (notably DA Davidson’s $1,000 call) and broader Wall Street upgrades, which support momentum and investor conviction. Micron (MU) Stock Soars as DA Davidson Sets Bold $1,000 Target Amid AI Memory Boom
• Positive Sentiment: Earnings/outlook commentary and inclusion on screens highlighting earnings growth (Zacks, other coverage) reinforce the case that fundamentals and price momentum are aligned. Earnings Growth & Price Strength Make Micron (MU) a Stock to Watch
• Neutral Sentiment: New analyst coverage at smaller shops (Melius) and sector reports (Rambus piece on memory/IP/product shifts) add context but are secondary to large‑customer demand signals. Micron Technology NASDAQ: MU Research Coverage Started at Melius Research
• Negative Sentiment: Valuation and momentum risk: several articles warn the stock has run up quickly and may be pricing in a substantial “memory supercycle,” raising pullback risk and making timing and valuation important considerations. A Look At Micron Technology (MU) Valuation After Its Recent Share Price Surge
• Negative Sentiment: Market volatility warnings: analysts and commentators note that semiconductor rallies can reverse sharply, so short‑term traders face elevated risk despite strong headlines. The Semiconductor Pop Was Violent — the Pullback Could Be Too

Micron Technology Trading Up 4.8%

Shares of MU opened at $542.21 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $611.47 billion, a P/E ratio of 25.60 and a beta of 1.91. The stock's fifty day simple moving average is $422.13 and its 200 day simple moving average is $336.46. Micron Technology, Inc. has a twelve month low of $78.54 and a twelve month high of $545.91.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were given a $0.15 dividend. 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. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology's dividend payout ratio is 2.83%.

Insider Buying and Selling at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction 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 directly owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the transaction, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. This trade represents a 9.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 89,000 shares of company stock worth $34,755,250 over the last ninety days. Corporate insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MU shares. Sanford C. Bernstein increased their target price on Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 18th. UBS Group upped their price target on Micron Technology from $510.00 to $535.00 and gave the stock a "buy" rating in a report on Wednesday, April 8th. Mizuho upped their price target on Micron Technology from $480.00 to $530.00 and gave the stock an "outperform" rating in a report on Thursday, March 19th. Cantor Fitzgerald upped their price target on Micron Technology from $450.00 to $700.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Finally, Wells Fargo & Company upped their price target on Micron Technology from $470.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Micron Technology has a consensus rating of "Buy" and a consensus 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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