Micron Technology, Inc. $MU is Nomura Asset Management Co. Ltd.'s 9th Largest Position

Key Points

• Nomura Asset Management trimmed its Micron stake by 4.2% in the fourth quarter but still held 2.23 million shares worth about $637.7 million, making Micron its 9th-largest position.
• Institutional ownership remains heavy in Micron, with 80.84% of the stock held by hedge funds and other institutional investors, and several large managers either adding to or initiating positions.
• Micron is benefiting from strong AI-memory demand, with analysts sharply raising price targets and the company reporting better-than-expected earnings and revenue, while investor enthusiasm has pushed the stock near its 52-week high.

Nomura Asset Management Co. Ltd. cut its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,234,370 shares of the semiconductor manufacturer's stock after selling 97,302 shares during the period. Micron Technology makes up about 1.6% of Nomura Asset Management Co. Ltd.'s investment portfolio, making the stock its 9th largest holding. Nomura Asset Management Co. Ltd. owned about 0.20% of Micron Technology worth $637,712,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MU. Norges Bank purchased a new position in Micron Technology in the fourth quarter worth about $6,433,456,000. AQR Capital Management LLC grew its stake in shares of Micron Technology by 411.9% in the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock worth $606,873,000 after acquiring an additional 2,918,535 shares during the period. Vanguard Group Inc. grew its stake in shares of Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares during the period. California Public Employees Retirement System grew its stake in shares of Micron Technology by 70.2% in the third quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer's stock worth $505,942,000 after acquiring an additional 1,246,773 shares during the period. Finally, Voloridge Investment Management LLC grew its stake in shares of Micron Technology by 1,064.3% in the third quarter. Voloridge Investment Management LLC now owns 1,304,471 shares of the semiconductor manufacturer's stock worth $218,264,000 after acquiring an additional 1,192,433 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

More Micron Technology News

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

• Positive Sentiment: UBS and Susquehanna sharply raised their price targets on Micron, reinforcing the view that AI memory demand could support much more upside. Analyst price target update
• Positive Sentiment: Commentary around Micron crossing a $1 trillion market cap is fueling momentum buying and signaling that investors now view MU as a core AI beneficiary rather than a traditional cyclical chip stock. Micron valuation check article
• Positive Sentiment: Multiple reports highlight strong quarterly revenue growth, expanding cloud-memory demand, and record gross margins, which support the case for continued earnings strength. AI memory boom article
• Neutral Sentiment: Fund filings showed mixed institutional activity, with some large hedge funds adding to MU while others trimmed positions, suggesting broad interest but not unanimous conviction. Hedge fund activity article
• Negative Sentiment: Some analysts and commentators warned that Micron’s valuation may be getting stretched, and bearish pieces raised concerns about competition, cannibalization, and a potential depreciation “cliff” if AI spending slows. Bearish downgrade article
• Negative Sentiment: Samsung’s new AI memory chip and ongoing rivalry with SK Hynix underscore that competition in high-margin AI memory remains intense. Samsung rivalry article

Wall Street Analyst Weigh In

A number of analysts have recently commented on MU shares. Needham & Company LLC lifted their price target on shares of Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Stifel Nicolaus boosted their target price on shares of Micron Technology from $360.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Rosenblatt Securities reiterated a "buy" rating and set a $500.00 target price on shares of Micron Technology in a research note on Monday, March 16th. Melius Research assumed coverage on shares of Micron Technology in a research note on Monday, April 27th. They set a "buy" rating and a $700.00 target price for the company. Finally, Phillip Securities raised Micron Technology to a "strong-buy" rating in a report on Monday, February 2nd. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology presently has an average rating of "Buy" and a consensus target price of $595.63.

Insider Buying and Selling at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. This represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 106,000 shares of company stock worth $47,032,460. 0.24% of the stock is owned by insiders.

Micron Technology Stock Up 5.1%

Shares of MU stock opened at $970.47 on Friday. Micron Technology, Inc. has a 12 month low of $92.22 and a 12 month high of $981.00. The stock has a market cap of $1.09 trillion, a P/E ratio of 45.82 and a beta of 1.91. 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 company has a 50 day simple moving average of $557.48 and a two-hundred day simple moving average of $411.31.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping the consensus estimate of $9.19 by $3.01. The business had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company's revenue was up 196 compared to the same quarter last year. During the same quarter last year, the company posted $1.56 EPS. On average, research analysts expect that Micron Technology, Inc. will post 58.62 earnings per share for the current year.

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 was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a boost from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio is 2.83%.

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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