Legal & General Group Plc Grows Stock Position in Micron Technology, Inc. $MU

Key Points

• Legal & General raised its stake in Micron by 1.9% to 7,275,842 shares (about $1.217 billion), and institutions now own roughly 80.84% of the stock, underscoring heavy institutional interest.
• Micron posted a strong quarter—EPS $4.78 vs. $3.77 expected and revenue $13.64B (+56.7% YoY)—and set Q2 2026 guidance of 8.220–8.620 EPS, helping lift the stock and valuation (market cap ≈ $438B).
• Insiders have been net sellers over the past 90 days (sold 73,623 vs. bought 23,200 shares), even as analysts have raised price targets and the stock holds a consensus "Buy" rating with an average target near $381.14.

Legal & General Group Plc lifted its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,275,842 shares of the semiconductor manufacturer's stock after purchasing an additional 135,850 shares during the period. Legal & General Group Plc owned about 0.65% of Micron Technology worth $1,217,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise lifted its holdings in Micron Technology by 13.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 21,623 shares of the semiconductor manufacturer's stock worth $3,617,000 after buying an additional 2,522 shares in the last quarter. Sienna Gestion increased its position in shares of Micron Technology by 87.4% during the third quarter. Sienna Gestion now owns 93,986 shares of the semiconductor manufacturer's stock worth $14,338,000 after acquiring an additional 43,822 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of Micron Technology by 81.7% in the third quarter. WINTON GROUP Ltd now owns 51,925 shares of the semiconductor manufacturer's stock worth $8,688,000 after acquiring an additional 23,353 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Micron Technology by 4.1% in the third quarter. Russell Investments Group Ltd. now owns 811,101 shares of the semiconductor manufacturer's stock valued at $135,537,000 after purchasing an additional 32,270 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Micron Technology by 8.2% in the third quarter. Schroder Investment Management Group now owns 636,718 shares of the semiconductor manufacturer's stock valued at $106,536,000 after purchasing an additional 48,136 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Micron Technology news, CAO Scott R. Allen sold 2,000 shares of the company's stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the transaction, the chief accounting officer owned 38,237 shares in the company, valued at approximately $12,904,987.50. This represents a 4.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Manish H. Bhatia sold 26,623 shares of the firm's stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the sale, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. The trade was a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is currently owned by insiders.

Micron Technology Stock Up 5.1%

Shares of Micron Technology stock opened at $389.32 on Tuesday. The stock has a market capitalization of $438.18 billion, a price-to-earnings ratio of 37.01 and a beta of 1.50. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $455.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The business's 50 day simple moving average is $381.87 and its 200-day simple moving average is $265.50.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. During the same period in the prior year, the business earned $1.79 EPS. The firm's revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were given a dividend of $0.115 per share. The ex-dividend date was Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. Micron Technology's dividend payout ratio is currently 4.37%.

Wall Street Analyst Weigh In

MU has been the subject of a number of recent analyst reports. Phillip Securities upgraded Micron Technology to a "strong-buy" rating in a research note on Monday, February 2nd. KeyCorp increased their target price on Micron Technology from $325.00 to $450.00 and gave the company an "overweight" rating in a research note on Tuesday, January 13th. Barclays raised their price target on shares of Micron Technology from $275.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, January 16th. HSBC lifted their price target on shares of Micron Technology from $350.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Finally, Sanford C. Bernstein upped their price target on shares of Micron Technology from $270.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, January 2nd. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $381.14.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Multiple analyst price-target raises and buy/positive ratings (Stifel, Susquehanna, Citi, UBS, Aletheia) are lifting sentiment and providing fresh upside estimates that support buying ahead of earnings. Server DDR5 Is A Promising Opportunity For Micron Technology, Inc. (MU), Says Stifel Aletheia Lifts PT on Micron to $650
• Positive Sentiment: Product and supply wins: Micron began shipping samples of a 256GB SOCAMM2 LPDRAM (co‑designed with NVIDIA) and opened a new India assembly/test facility — moves that strengthen its AI-memory roadmap and broaden manufacturing footprint. These developments underpin demand narrative and potential margin leverage. Micron’s AI Memory Milestone And India Expansion Raise Valuation Questions
• Positive Sentiment: Supply-tightness checks and locked HBM commitments are supporting pricing power; several pieces (UBS, Seeking Alpha previews) argue DRAM/HBM pricing and prepayments de‑risk near-term revenue and could drive another earnings beat/guidance lift. Micron Is Likely To Beat Earnings Again And Rise (Preview) UBS Sees Prolonged Supply Tightness Supporting Micron
• Neutral Sentiment: Index/ETF flows: Micron’s addition to the S&P 100 and large weightings in value/low‑vol ETFs (e.g., VLUE) can boost passive demand, but also concentrates exposure for funds — a mixed effect on short-term liquidity. Micron’s S&P 100 Debut Highlights Expanding Role In AI Memory Worried About Volatility? These 3 ETFs Have You Covered (MU)
• Negative Sentiment: Nvidia reportedly selected Samsung and SK Hynix for HBM4 supply — a potential competitive setback if Nvidia shifts more high‑end HBM demand away from Micron. That news tempers the otherwise bullish AI-memory narrative. Nvidia Selects HBM4 Memory Suppliers
• Negative Sentiment: Valuation and rotation risks: several commentaries warn Micron’s rally has been large and fast — some strategists flag vulnerability to a pullback or that parts of the market (including hot AI names) are overbought. These critique the upside and increase volatility risk around earnings. 2 AI Stocks to Sell Before They Fall (includes Micron) Micron Investors Just Got Terrible News From Nvidia

About Micron Technology

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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