Intact Investment Management Inc. Decreases Stake in Micron Technology, Inc. $MU

Key Points

• Intact Investment Management cut its Micron stake by 79.7% in Q4, selling 38,200 shares to leave 9,700 shares valued at about $2.77 million at quarter-end.
• Significant insider and institutional activity: EVP April Arnzen sold 40,000 shares (~$13.9M) and EVP Sumit Sadana sold 24,000 shares (~$10.1M), while institutional ownership remains high at 80.84% (Vanguard holds ~106.6M shares worth ~$30.4B).
• Bullish analyst and market backdrop: the consensus rating is "Buy" with a $478.24 target and multiple price-target increases (some above $600), as Micron trades near its 1‑year high and recently raised its quarterly dividend to $0.15.

Intact Investment Management Inc. lowered its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 79.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,700 shares of the semiconductor manufacturer's stock after selling 38,200 shares during the period. Intact Investment Management Inc.'s holdings in Micron Technology were worth $2,768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Micron Technology by 411.9% during 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 last quarter. Vanguard Group Inc. boosted its position 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 valued at $30,427,016,000 after acquiring an additional 1,954,644 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Micron Technology by 70.2% during 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 last quarter. Voloridge Investment Management LLC boosted its position in shares of Micron Technology by 1,064.3% during 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 last quarter. Finally, Wellington Management Group LLP boosted its position in shares of 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 valued at $1,196,427,000 after acquiring an additional 1,188,296 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Activity

In other news, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. 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 24,000 shares of the business's stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president directly owned 224,021 shares of the company's stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Micron Technology from $350.00 to $450.00 and gave the company an "overweight" rating in a research report on Wednesday, February 11th. KeyCorp boosted their price target on shares of Micron Technology from $450.00 to $600.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. DA Davidson assumed coverage on shares of Micron Technology in a research report on Tuesday, April 28th. They set a "buy" rating on the stock. Mizuho boosted their price target on shares of Micron Technology from $480.00 to $530.00 and gave the company an "outperform" rating in a research report on Thursday, March 19th. Finally, Summit Insights cut shares of Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $478.24.

Micron Technology Stock Performance

NASDAQ MU opened at $576.45 on Tuesday. The company has a market cap of $650.08 billion, a P/E ratio of 27.22 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The stock has a 50-day moving average of $422.13 and a two-hundred day moving average of $338.52. Micron Technology, Inc. has a 1-year low of $78.54 and a 1-year high of $592.80.

Micron Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.1%. This is an increase from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio is presently 2.83%.

More Micron Technology News

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

• Positive Sentiment: Melius Research initiated coverage with a Buy and $700 price target, citing memory’s central role in AI hardware and reinforcing the bullish analyst momentum supporting MU. Melius Research Beings Coverage of Micron Technology (MU) Stock
• Positive Sentiment: Wall Street price‑target increases (including a reported $1,000 target) and positive note flow are amplifying buying pressure as brokers revise forecasts on stronger AI/HBM demand. Micron stock surges 9%: how high can it go?
• Positive Sentiment: Hyperscalers have reportedly confirmed rising memory costs and demand for HBM4, supporting expectations of tight supply through 2028 — a structural tailwind for Micron’s pricing and margins. What's Going On With Micron Technology Stock Monday?
• Positive Sentiment: Mizuho and other analysts remain bullish on DRAM exposure as AI CPU investments ramp, calling Micron attractive on valuation vs. growth prospects. Mizuho Says Micron (MU) Cheap as Memory Demand Grows
• Neutral Sentiment: Media pieces are highlighting Micron’s parabolic YTD and 1‑year returns and questioning whether momentum is running ahead of fundamentals; these articles increase attention but don’t add new fundamental data. Micron Jumps 7%: Is the Memory Maker Now a Structural AI Winner?
• Neutral Sentiment: Algorithmic price predictions and retail‑oriented writeups (machine‑learning forecasts) are circulating; they can attract trading interest but carry limited informational value for fundamentals. Machine learning algorithm predicts Micron stock price on May 31, 2026
• Negative Sentiment: Some analysts and commentators argue other AI semiconductor names could outperform Micron long term, introducing relative‑performance risk and prompting caution about current valuation after the massive run. Prediction: This Will Be the Top-Performing Artificial Intelligence (AI) Semiconductor Stock Over the Next Year.

Micron Technology Company 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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