National Pension Service Raises Holdings in Micron Technology, Inc. $MU

Key Points

• National Pension Service increased its Micron Technology stake by 8.4% in the fourth quarter, bringing its holdings to about 3.05 million shares worth roughly $871 million.
• Wall Street sentiment on Micron remains strongly bullish, with multiple analysts lifting price targets; UBS and Barclays recently raised their targets amid optimism over AI-driven memory demand and tighter supply.
• Micron reported a strong quarter, beating earnings and revenue estimates, while also raising its dividend. The company posted $12.20 EPS on $23.86 billion in revenue and continues to benefit from surging AI infrastructure spending.

National Pension Service boosted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,051,766 shares of the semiconductor manufacturer's stock after buying an additional 236,257 shares during the quarter. Micron Technology makes up approximately 0.6% of National Pension Service's investment portfolio, making the stock its 22nd biggest holding. National Pension Service owned about 0.27% of Micron Technology worth $871,005,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MU. Brighton Jones LLC increased its holdings in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after buying an additional 976 shares during the period. Sivia Capital Partners LLC increased its position in shares of Micron Technology by 21.7% during the second quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock worth $435,000 after purchasing an additional 628 shares in the last quarter. United Bank purchased a new stake in shares of Micron Technology during the 2nd quarter valued at $236,000. Schnieders Capital Management LLC. lifted its holdings in shares of Micron Technology by 67.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock valued at $2,093,000 after purchasing an additional 6,867 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Micron Technology by 5.6% in the 2nd quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer's stock worth $49,987,000 after purchasing an additional 21,619 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Cantor Fitzgerald boosted their target price on Micron Technology from $450.00 to $700.00 and gave the stock an "overweight" rating in a research note on Thursday, March 19th. TD Cowen raised their price target on Micron Technology from $550.00 to $660.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Sanford C. Bernstein boosted their price target on Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 18th. Royal Bank Of Canada upped their price objective on shares of Micron Technology from $425.00 to $525.00 and gave the company an "outperform" rating in a report on Monday, March 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Micron Technology has an average rating of "Buy" and an average price target of $554.80.

Micron Technology News Roundup

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

• Positive Sentiment: UBS raised its price target on Micron to a Wall Street-high $1,625, reinforcing the view that AI memory demand can support much higher earnings and valuation multiples. Benzinga
• Positive Sentiment: Barclays also boosted its target to $1,175 and kept an Overweight rating, adding to the bullish analyst momentum around MU. Finbold
• Positive Sentiment: Commentary across several outlets points to surging AI infrastructure spending, tight memory supply, and improving pricing power, which could lift Micron’s margins and earnings further. Zacks
• Neutral Sentiment: Micron’s market value crossing $1 trillion has drawn enormous attention and momentum buying, but it also raises valuation questions and has sparked debate about whether the rally is becoming overextended. GuruFocus
• Neutral Sentiment: Some articles highlight that Micron is now being compared with other AI winners and memory peers such as SK Hynix and Samsung, underscoring a broader sector rerating rather than a company-specific event alone. Barron's
• Negative Sentiment: At least one piece warns that Micron may be “priced for perfection,” suggesting the stock could be vulnerable if AI spending slows or memory prices normalize faster than expected. 24/7 Wall St.

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 2,000 shares of the business's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director directly owned 17,139 shares of the company's stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the sale, the chief executive officer directly owned 424,503 shares in the company, valued at $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 106,000 shares of company stock valued at $47,032,460 over the last three months. 0.24% of the stock is owned by corporate insiders.

Micron Technology Price Performance

Shares of MU opened at $923.52 on Friday. The firm has a market capitalization of $1.04 trillion, a PE ratio of 43.60 and a beta of 1.91. 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 1-year low of $92.22 and a 1-year high of $956.16. The company's fifty day moving average price is $547.31 and its 200-day moving average price is $407.37.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts' consensus estimates of $9.19 by $3.01. The firm had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business's quarterly revenue was up 196 compared to the same quarter last year. During the same period in the previous year, the company earned $1.56 earnings per share. On average, equities research analysts predict that Micron Technology, Inc. will post 57.82 EPS for the current year.

Micron Technology Increases Dividend

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