Micron Technology, Inc. $MU Shares Purchased by Swiss Life Asset Management Ltd

Key Points

• Swiss Life Asset Management increased its Micron Technology stake by 56.5% in the fourth quarter, ending with 252,679 shares valued at about $72.1 million.
• Micron is benefiting from strong bullish momentum tied to the AI memory supercycle, with the stock hitting a fresh 52-week high as demand for HBM and other AI-related memory products remains strong.
• Analyst sentiment remains largely positive: several firms raised price targets, and the stock now carries a consensus Buy rating with an average target of $478.24.

Swiss Life Asset Management Ltd increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 56.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,679 shares of the semiconductor manufacturer's stock after acquiring an additional 91,176 shares during the quarter. Swiss Life Asset Management Ltd's holdings in Micron Technology were worth $72,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MU. AQR Capital Management LLC boosted its position in Micron Technology by 411.9% during 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 last quarter. Vanguard Group Inc. boosted its position in Micron Technology by 1.9% during 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 last quarter. California Public Employees Retirement System boosted its position in Micron Technology by 70.2% during 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 last quarter. Voloridge Investment Management LLC boosted its position in Micron Technology by 1,064.3% during 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 last quarter. Finally, Wellington Management Group LLP boosted its position in Micron Technology by 19.9% during the third quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock worth $1,196,427,000 after acquiring an additional 1,188,296 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Micron hit a fresh 52-week high as investors continued to bet on booming demand for HBM and other AI-related memory products. Micron Stock (MU) Jumps 14% to a New 52-Week High – Is It Too Late to Buy?
• Positive Sentiment: Analysts and market commentary continue to describe Micron as a key beneficiary of the “AI memory supercycle,” with strong earnings growth, high margins, and ongoing supply shortages supporting the stock. Micron (MU) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Micron’s rally is being reinforced by bullish analyst sentiment, including higher earnings estimates and price-target-related optimism that suggests the stock still has room to run. Memory Stocks Continue to Surge. What's Driving Micron and Sandisk Higher.
• Positive Sentiment: The company’s launch of a 245TB SSD and continuing momentum in AI infrastructure demand are being cited as additional catalysts for revenue growth and diversification beyond HBM. Micron Technology (MU) Is Up 28.6% After Launching 245TB SSD Amid AI-Driven Memory Tightness

Analyst Ratings Changes

A number of equities analysts recently weighed in on MU shares. Rosenblatt Securities restated a "buy" rating and set a $500.00 price target on shares of Micron Technology in a research report on Monday, March 16th. Susquehanna boosted their price target on shares of Micron Technology from $345.00 to $525.00 and gave the stock a "positive" rating in a research report on Monday, March 9th. Erste Group Bank lowered shares of Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. The Goldman Sachs Group boosted their price target on shares of Micron Technology from $360.00 to $400.00 and gave the stock a "neutral" rating in a research report on Thursday, March 19th. Finally, Stifel Nicolaus boosted their price target on shares of Micron Technology from $360.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $478.24.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. The trade was a 8.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the business's stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. The trade was a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,000 shares of company stock worth $45,458,400 in the last ninety days. 0.24% of the stock is owned by insiders.

Micron Technology Stock Performance

NASDAQ:MU opened at $746.33 on Monday. 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 firm has a market capitalization of $841.66 billion, a price-to-earnings ratio of 35.24 and a beta of 1.91. The company's 50-day moving average is $435.84 and its two-hundred day moving average is $348.07. Micron Technology, Inc. has a 1-year low of $84.68 and a 1-year high of $747.21.

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 issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, March 30th. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio (DPR) is presently 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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