Micron Technology, Inc. $MU Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group cut its stake in Micron by 9.3% in Q4, selling 355,573 shares and retaining 3,485,902 shares (about 0.31% of Micron) valued at roughly $994.9 million, making MU its 22nd-largest holding.
• Micron boosted its quarterly dividend to $0.15 (from $0.12) with an ex-dividend date of March 30 and payment on April 15, equal to a $0.60 annualized payout and roughly a 0.1% yield.
• Investor sentiment is broadly positive: management raised FY2026 Q3 guidance above consensus, multiple analysts hiked price targets (consensus target ~$464.61) and the stock carries a majority “Buy” consensus.

Sumitomo Mitsui Trust Group Inc. lowered its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,485,902 shares of the semiconductor manufacturer's stock after selling 355,573 shares during the quarter. Micron Technology accounts for approximately 0.6% of Sumitomo Mitsui Trust Group Inc.'s holdings, making the stock its 22nd biggest holding. Sumitomo Mitsui Trust Group Inc. owned about 0.31% of Micron Technology worth $994,911,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Omnia Family Wealth LLC lifted its holdings in Micron Technology by 2.1% in the 4th quarter. Omnia Family Wealth LLC now owns 1,464 shares of the semiconductor manufacturer's stock worth $418,000 after buying an additional 30 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Micron Technology by 16.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 224 shares of the semiconductor manufacturer's stock worth $64,000 after buying an additional 32 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in Micron Technology by 2.1% in the 4th quarter. Sunflower Bank N.A. now owns 1,668 shares of the semiconductor manufacturer's stock worth $476,000 after buying an additional 34 shares in the last quarter. 1900 Wealth Management LLC lifted its holdings in Micron Technology by 2.1% in the 4th quarter. 1900 Wealth Management LLC now owns 1,698 shares of the semiconductor manufacturer's stock worth $485,000 after buying an additional 35 shares in the last quarter. Finally, Rialto Wealth Management LLC lifted its holdings in Micron Technology by 3.5% in the 4th quarter. Rialto Wealth Management LLC now owns 1,061 shares of the semiconductor manufacturer's stock worth $303,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $420.59 on Friday. The firm has a market cap of $474.31 billion, a PE ratio of 19.86 and a beta of 1.60. The firm's 50-day simple moving average is $401.49 and its 200-day simple moving average is $308.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology, Inc. has a 1 year low of $65.64 and a 1 year high of $471.34.

Micron Technology Increases Dividend

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

Insider Activity at Micron Technology

In other 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 sale, the executive vice president owned 323,486 shares in the company, valued at approximately $126,495,965.44. This represents a 7.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 25,000 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the sale, the executive vice president owned 248,021 shares in the company, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have acquired 23,200 shares of company stock worth $7,821,723 and have sold 91,623 shares worth $35,053,508. 0.24% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Micron Technology

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.

Analysts Set New Price Targets

A number of equities analysts have commented on MU shares. Piper Sandler boosted their price objective on shares of Micron Technology from $275.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, January 7th. Wedbush boosted their price objective on shares of Micron Technology from $320.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, March 13th. JPMorgan Chase & Co. boosted their price objective on shares of Micron Technology from $350.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Erste Group Bank lowered shares of Micron Technology from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Finally, Wolfe Research boosted their price objective on shares of Micron Technology from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Thursday, December 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $464.61.

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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