Micron Technology, Inc. $MU Shares Sold by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB trimmed its stake by 10.4%, selling 189,069 Micron shares in Q4 and leaving it with 1,631,149 shares worth about $469.23 million.
• Micron delivered a blockbuster quarter—EPS $12.20 vs. $8.50 expected and revenue $23.86 billion (up ~196% YoY)—prompting multiple analyst price-target raises amid strong AI-driven DRAM/HBM demand and early HBM4 volume shipments.
• Despite the results, management warned of “meaningfully” higher capital spending that could pressure near-term margins; the company did raise its quarterly dividend to $0.15, while insiders and other investors have recently engaged in some selling and institutional ownership stands around 80.8%.

Nordea Investment Management AB trimmed its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,631,149 shares of the semiconductor manufacturer's stock after selling 189,069 shares during the quarter. Nordea Investment Management AB owned about 0.14% of Micron Technology worth $469,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MU. Vanguard Group Inc. boosted its holdings in shares of Micron Technology by 0.7% in the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer's stock valued at $17,510,615,000 after acquiring an additional 773,788 shares in the last quarter. State Street Corp raised its holdings in Micron Technology by 0.6% during the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer's stock worth $8,643,613,000 after purchasing an additional 285,582 shares in the last quarter. Capital International Investors raised its holdings in Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer's stock worth $3,910,198,000 after purchasing an additional 155,860 shares in the last quarter. Norges Bank acquired a new stake in Micron Technology in the second quarter worth approximately $1,980,700,000. Finally, Invesco Ltd. boosted its stake in Micron Technology by 8.0% during the 3rd quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer's stock valued at $1,609,981,000 after purchasing an additional 708,716 shares in the last quarter. 80.84% of the stock is 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: Q2 blowout: Micron reported huge revenue and EPS beats and raised forward guidance, reinforcing AI-driven DRAM/HBM demand and pricing power. Micron’s Mic‑Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street lifts price targets and reiterates buys (multiple firms raised PTs substantially), signaling analyst conviction in a sustained AI memory cycle. Bank of America revamps Micron stock price target post earnings
• Positive Sentiment: Supply tightness/HBM momentum: Micron has started volume shipments of HBM4 and analysts highlight persistent HBM shortages that support pricing and margins. Micron Announces Starting Volume Shipment of HBM4 36GB
• Neutral Sentiment: Technical/volatility notes: commentators flag a fast breakout then pullback — some view current action as a potential re-entry/buy-the-dip opportunity while others warn of resistance and a possible bull trap. Is This A Bull Trap For Micron Technology?
• Negative Sentiment: Heavy capex warning: management plans “meaningfully” higher capital spending to expand capacity — investors fear margin pressure and near‑term cash intensity despite long‑term payoff. Micron shares slip as hefty spending plans eclipse strong AI‑fueled earnings
• Negative Sentiment: Sell‑the‑news & downgrade noise: despite stellar results, the stock has seen pullbacks driven by profit‑taking, an analyst downgrade or cautionary notes about sustainability of the cycle. Why Micron (MU) Stock Is Down Today
• Negative Sentiment: Macro/geopolitical risk: recent Middle East energy infrastructure attacks are cited as an additional market headwind that contributed to post‑earnings weakness. Why attack on Qatar's energy facility is bearish for Micron

Micron Technology Stock Performance

MU opened at $422.81 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The firm has a market cap of $475.87 billion, a PE ratio of 19.96 and a beta of 1.50. The business has a fifty day simple moving average of $402.64 and a 200-day simple moving average of $284.19. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $471.34.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.50 by $3.70. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company had revenue of $23.86 billion for the quarter, compared to analyst estimates of $18.90 billion. During the same period in the previous year, the firm earned $1.56 earnings per share. Micron Technology's revenue for the quarter was up 196.3% compared to the same quarter last year. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, March 30th. This is a boost from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio is presently 2.17%.

Insider Activity

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 transaction of $675,000.00. Following the completion of the sale, the chief accounting officer directly owned 38,237 shares of the company's stock, valued at approximately $12,904,987.50. This represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the transaction, the executive vice president owned 165,618 shares of the company's stock, valued at approximately $45,891,091.62. The trade was a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have acquired 23,200 shares of company stock worth $7,821,723 and have sold 68,623 shares worth $25,989,258. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on MU. Needham & Company LLC lifted their price target on Micron Technology from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday. Citigroup upped their price objective on Micron Technology from $430.00 to $510.00 and gave the company a "buy" rating in a report on Thursday. Barclays raised their target price on Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Micron Technology in a research report on Thursday, January 29th. Finally, Piper Sandler upped their price target on shares of Micron Technology from $275.00 to $400.00 and gave the company an "overweight" rating in a report on Wednesday, January 7th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $453.55.

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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