Micron Technology, Inc. $MU Shares Purchased by Factory Mutual Insurance Co.

Key Points

• Factory Mutual boosted its Micron stake by 15.6% to 152,345 shares, valued at $43.48 million, and institutional investors now own about 80.84% of the company.
• Insider sales were significant: EVP Manish H. Bhatia sold 26,623 shares at $391 and EVP April S. Arnzen sold 40,000 shares at $347.39, leaving insiders net sellers over the past three months (sold 91,623 vs. bought 23,200) and holding just 0.24% of the stock.
• Analysts are lifting targets (JPMorgan to $550, consensus target $464.61) as Micron raised guidance on AI/HBM demand and also increased its quarterly dividend to $0.15 (paid April 15), though geopolitical/export risks and quant models flag downside risk.

Factory Mutual Insurance Co. boosted its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,345 shares of the semiconductor manufacturer's stock after purchasing an additional 20,600 shares during the quarter. Factory Mutual Insurance Co.'s holdings in Micron Technology were worth $43,481,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. iA Global Asset Management Inc. boosted its holdings in shares of Micron Technology by 18.7% during the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock valued at $24,578,000 after acquiring an additional 23,117 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Micron Technology by 9.8% during the third quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock valued at $15,962,000 after acquiring an additional 8,489 shares during the period. Westpac Banking Corp boosted its holdings in shares of Micron Technology by 251.0% during the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock valued at $3,863,000 after acquiring an additional 16,509 shares during the period. Generation Capital Management LLC acquired a new position in shares of Micron Technology during the third quarter valued at $238,000. Finally, Avanda Investment Management Pte. Ltd. acquired a new position in shares of Micron Technology during the third quarter valued at $418,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Insider Activity at Micron Technology

In related news, EVP Manish H. Bhatia sold 26,623 shares of the company's stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the sale, the executive vice president owned 323,486 shares of the company's stock, valued at $126,495,965.44. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the company'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 sale, the executive vice president directly owned 125,737 shares of the company's stock, valued at $43,679,776.43. The trade was a 24.13% decrease in their position. 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. Over the last three months, insiders acquired 23,200 shares of company stock worth $7,821,723 and sold 91,623 shares worth $35,053,508. 0.24% of the stock is currently owned by company insiders.

Micron Technology Stock Performance

MU stock opened at $420.59 on Friday. The company has a market capitalization of $474.31 billion, a P/E ratio of 19.86 and a beta of 1.60. The company has a 50-day simple moving average of $401.49 and a 200 day simple moving average of $307.19. Micron Technology, Inc. has a fifty-two week low of $65.64 and a fifty-two week high of $471.34. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 30th. This is an increase from Micron Technology's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology's dividend payout ratio is currently 2.83%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MU shares. JPMorgan Chase & Co. boosted their price target on shares of Micron Technology from $350.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, March 19th. 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 report on Thursday, March 19th. TD Cowen boosted their price target on shares of Micron Technology from $450.00 to $500.00 and gave the company a "buy" rating in a report on Monday, March 16th. William Blair started coverage on shares of Micron Technology in a report on Thursday, January 22nd. They set an "outperform" rating for the company. Finally, Stifel Nicolaus boosted their price target on shares of Micron Technology from $360.00 to $550.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Five analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $464.61.

Key Micron Technology News

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

• Positive Sentiment: Company-issued upside guidance: Micron raised Q3 FY2026 outlook well above consensus — management guided to materially higher EPS and revenue, signaling strong AI/HBM demand and better-than-expected margin leverage (this is a primary driver of optimism among investors).
• Positive Sentiment: BofA backing and AI capex thesis: Bank of America highlighted accelerating, more-stable AI infrastructure spending and lists Micron among top blue‑chip beneficiaries, reinforcing the multi-year demand narrative for memory. BofA Sees Strong Growth in AI Investment, Backs Micron (MU)
• Positive Sentiment: Street-high targets and upgrades: Analysts are lifting price targets (one $825 target cited) and upgrades continue, supporting momentum and buy-side conviction. Micron Gets Street-High $825 Target
• Positive Sentiment: Dividend payment: Micron will pay an upcoming dividend (April 15), which adds a modest income component and may support sentiment among income-focused investors. Micron to pay dividends on April 15; Here's how much 100 shares will earn
• Neutral Sentiment: Momentum and retail interest: Multiple outlets profile MU as a top momentum/AI-infrastructure pick (technical and earnings momentum), which can fuel both follow‑through rallies and higher volatility. Micron & 2 More Momentum Stocks You Shouldn't Miss This April
• Neutral Sentiment: Investor access strategies: Commentary on ways to get exposure with reduced capital (options/structured approaches) may broaden participation but doesn’t change the underlying fundamentals. Micron Stock: Tap Into The Memory-Chip Maker While Reducing Capital Risk
• Negative Sentiment: Modelled downside risk and pullback warnings: Quant models and some analysts flag potential downside (a $318.89 target cited), implying meaningful pullback risk from current levels if momentum stalls or supply/demand dynamics shift. Micron Has 15.58% Downside Risk to Our $318.89 Target Despite the 485.1% Rally
• Negative Sentiment: Geopolitical & trade risks for AI chips: U.S.–China policy friction and export controls remain an overhang for the sector; persistent trade tensions could disrupt supply chains or limit addressable markets for certain customers. AI Chips Are A Looming Battlefield In U.S.-China Trade. What Investors Should Know.

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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