Micron Technology, Inc. $MU Stock Position Lowered by State of Michigan Retirement System

Key Points

• State of Michigan Retirement System trimmed its Micron stake by 0.8% to 367,142 shares (about $104.8M), leaving MU as its 27th largest holding.
• Significant insider selling occurred recently — insiders sold 89,000 shares (~$34.8M) in the last 90 days, including EVP April Arnzen (40,000 shares at $347.39) and EVP Sumit Sadana (25,000 shares at $429.89).
• Analyst sentiment remains bullish: the consensus rating is "Buy" with an average target of $464.61, and multiple firms have raised targets (e.g., UBS $535, Susquehanna $525) while the stock trades near recent highs (~$497) and carries a $560B market cap.

State of Michigan Retirement System decreased its position in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 367,142 shares of the semiconductor manufacturer's stock after selling 3,100 shares during the quarter. Micron Technology comprises approximately 0.5% of State of Michigan Retirement System's holdings, making the stock its 27th largest position. State of Michigan Retirement System's holdings in Micron Technology were worth $104,786,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. REAP Financial Group LLC bought a new stake in Micron Technology in the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Micron Technology during the 3rd quarter valued at about $27,000. Elevation Wealth Partners LLC grew its stake in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 96 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Micron Technology by 91.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 25,000 shares of the business's stock in a transaction on 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 sale, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 89,000 shares of company stock valued at $34,755,250 in the last ninety days. Company insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MU shares. Morgan Stanley increased their target price on shares of Micron Technology from $350.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, February 11th. Rosenblatt Securities restated a "buy" rating and issued a $500.00 price target on shares of Micron Technology in a research report on Monday, March 16th. UBS Group upped their price target on Micron Technology from $510.00 to $535.00 and gave the company a "buy" rating in a report on Wednesday, April 8th. Piper Sandler increased their price objective on Micron Technology from $275.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, January 7th. Finally, Susquehanna raised their price objective on Micron Technology from $345.00 to $525.00 and gave the stock a "positive" rating in a research note on Monday, March 9th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $464.61.

Micron Technology Stock Performance

Shares of MU opened at $496.72 on Monday. The company has a 50-day moving average of $413.83 and a two-hundred day moving average of $329.29. The stock has a market cap of $560.17 billion, a price-to-earnings ratio of 23.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. Micron Technology, Inc. has a one year low of $73.50 and a one year high of $506.99.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio (DPR) is 2.83%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Bull case: analysts and commentators point to an AI memory surge, improving pricing power and a lower relative valuation that make MU a standout amid accelerating demand and margins. Zacks: One AI Stock Outpacing NVIDIA & Palantir
• Positive Sentiment: Supply-side bullishness: reports that long-term contracts are tightening AI memory supply helped lift sentiment — a near-term catalyst for pricing and revenue visibility. Yahoo: Why Micron Is Up After AI Memory Supply Tightens
• Positive Sentiment: Sector momentum: the semiconductor ETF (SOXX) logged an extended winning streak, reinforcing risk-on flows into memory names including Micron. Benzinga: SOXX 17-Day Win Streak
• Positive Sentiment: Industry narratives: multiple pieces highlight Micron as an “AI bottleneck” beneficiary and a structural winner as HBM demand explodes, supporting longer-term revenue and margin upside. 247wallst: 2 'AI Bottleneck Stocks'
• Neutral Sentiment: Data anomaly: an April 24 short-interest entry shows 0 shares (likely a reporting glitch); treat that specific figure as unreliable until exchanges update filings. (Internal short-interest data)
• Neutral Sentiment: Some analysts/questions note the rally’s stretch and ask whether structural revaluation is fully priced — useful context for risk management even as fundamentals improve. Seeking Alpha: Rally Is Missing Bigger Shift
• Negative Sentiment: Rising short interest: as of April 15 short positions rose to ~36.3M shares (about 3.2% short; days-to-cover ~0.8), a ~15.9% increase from March — more shorting can add selling pressure or volatility if momentum stalls.
• Negative Sentiment: Competitor surprise: SK Hynix reported a very strong quarter, and at one point Micron didn’t capture the same early-day lift — competitor results can create intra-sector rotation and short-term volatility for MU. Yahoo: SK Hynix Posts 400% Profit Rise

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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