Pictet North America Advisors SA Lowers Stock Position in Micron Technology, Inc. $MU

Key Points

• Pictet North America Advisors SA trimmed its Micron stake by 39.5% in Q4, selling 17,700 shares and ending the period with 27,110 shares worth $7.74 million.
• Notable insider activity: EVP Manish Bhatia sold 26,623 shares for about $10.41 million (a 7.6% drop in his holdings) while director Teyin M. Liu purchased 11,600 shares; insiders sold 53,623 shares and bought 23,200 shares in the past 90 days.
• Wall Street is largely bullish—multiple firms raised price targets and the consensus rating is a Buy with an average target of $463.71, driven by strong AI memory demand, though analysts flag capex and AI-efficiency tools as potential risks.

Pictet North America Advisors SA lessened its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,110 shares of the semiconductor manufacturer's stock after selling 17,700 shares during the quarter. Pictet North America Advisors SA's holdings in Micron Technology were worth $7,737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MU. AQR Capital Management LLC boosted its stake in shares of Micron Technology by 411.9% during the 3rd 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 in the last quarter. Slate Path Capital LP purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $317,751,000. State Street Corp increased its stake in shares of Micron Technology by 2.7% in the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer's stock valued at $6,331,795,000 after purchasing an additional 1,349,713 shares in the last quarter. California Public Employees Retirement System raised its holdings in Micron Technology by 70.2% in the 3rd quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer's stock worth $505,942,000 after purchasing an additional 1,246,773 shares during the period. Finally, 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 purchasing an additional 1,192,433 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Transactions at Micron Technology

In other news, EVP Manish H. Bhatia sold 26,623 shares of the company's stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the sale, the executive vice president owned 323,486 shares of the company's stock, valued at $126,495,965.44. This represents a 7.60% 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, Director Teyin M. Liu bought 11,600 shares of Micron Technology stock in a transaction dated Tuesday, January 13th. The stock was acquired at an average price of $337.07 per share, with a total value of $3,910,012.00. Following the completion of the transaction, the director directly owned 14,310 shares of the company's stock, valued at approximately $4,823,471.70. The trade was a 428.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 53,623 shares valued at $21,832,908. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on MU shares. HSBC raised their price objective on Micron Technology from $350.00 to $500.00 and gave the company a "buy" rating in a report on Friday, January 23rd. Needham & Company LLC upped their target price on Micron Technology from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Barclays increased their target price on Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Mizuho lifted their price target on shares of Micron Technology from $480.00 to $530.00 and gave the company an "outperform" rating in a research note on Thursday, March 19th. Finally, Wells Fargo & Company boosted their price target on shares of Micron Technology from $470.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Micron Technology presently has a consensus rating of "Buy" and an average target price of $463.71.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $367.85 on Thursday. The stock has a market capitalization of $414.84 billion, a P/E ratio of 17.37 and a beta of 1.60. The business has a 50 day simple moving average of $404.40 and a two-hundred day simple moving average of $297.01. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $471.34. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.2%. This is an increase from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio is currently 2.83%.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Top Wall Street analyst calls MU a "Top Pick" and highlights multi‑year AI upside, helping lift investor confidence and spark buying interest. Top Analyst Calls Micron Stock (MU) a “Top Pick,” Sees Multi-Year AI Upside
• Positive Sentiment: Micron reported blockbuster fiscal Q2 results (record revenue) and strong guidance that underscore robust AI memory demand and margin expansion — a tangible earnings catalyst supporting higher share prices. Micron: The Selloff Didn't Break The Setup
• Positive Sentiment: Analysts and trade write‑ups point to tight HBM (high‑bandwidth memory) supply and rising pricing power from AI data center demand — a structural revenue tailwind that investors are rewarding. Up 15%+ in Q1: 2 AI Stocks Still Flashing "Strong Buy" for Q2
• Positive Sentiment: Heavy intraday buying pushed Micron toward a large one‑day market‑cap gain, signalling broad, momentum‑driven flows into the name. Micron's stock is seeing its biggest gain in a year, en route to a record market-cap boost
• Neutral Sentiment: Micron completed cash tender offers for certain senior notes (debt retirements), a capital‑structure action that reduces leverage but has limited immediate earnings impact. Micron Announces the Expiration of the Cash Tender Offers
• Neutral Sentiment: Citi trimmed its price target (from $510 to $425) but kept a Buy rating — a mixed signal that can temper upside while leaving institutional endorsement intact. Wall Street Tells Investors Its Less Excited About Micron Stock
• Negative Sentiment: Some analysts warn that elevated 2026–2027 capex guidance could compress free cash flow despite booming revenue, creating valuation and timing risks for returns to investors. Micron: Great Businesses Can Be Bad Trades (Rating Downgrade)
• Negative Sentiment: Concerns about AI memory‑efficiency tools (e.g., Google’s TurboQuant / DeepSeek variants) sparked a prior sell‑off and remain a headline risk if they materially reduce memory demand forecasts. Does Google's New TurboQuant Technology Mean the Party's Over for Micron?

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.