Profund Advisors LLC Boosts Holdings in Micron Technology, Inc. $MU

Key Points

• Profund Advisors LLC boosted its Micron Technology stake by 7% in the fourth quarter, buying 10,905 more shares and bringing its total to 166,378 shares valued at about $47.5 million.
• Other major institutions also added to their positions, and hedge funds and other institutional investors now own 80.84% of Micron’s stock, underscoring strong institutional interest.
• Recent coverage remains largely bullish on Micron’s AI-driven memory demand, with reports pointing to tight supply, pricing power, and upbeat analyst ratings and price-target increases despite some broader semiconductor volatility.

Profund Advisors LLC increased its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 166,378 shares of the semiconductor manufacturer's stock after buying an additional 10,905 shares during the period. Micron Technology comprises about 1.4% of Profund Advisors LLC's holdings, making the stock its 11th biggest position. Profund Advisors LLC's holdings in Micron Technology were worth $47,486,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in MU. AQR Capital Management LLC increased its holdings in Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock worth $606,873,000 after buying an additional 2,918,535 shares during the last quarter. Vanguard Group Inc. increased its holdings in Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock worth $30,427,016,000 after buying an additional 1,954,644 shares during the last quarter. California Public Employees Retirement System increased its holdings in Micron Technology by 70.2% during the third quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer's stock worth $505,942,000 after buying an additional 1,246,773 shares during the last quarter. Voloridge Investment Management LLC increased its holdings 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 buying an additional 1,192,433 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Micron Technology by 19.9% during the third quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer's stock worth $1,196,427,000 after buying an additional 1,188,296 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Key Micron Technology News

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

• Positive Sentiment: Micron remains a major beneficiary of the AI boom, with reports highlighting record highs, strong demand for high-bandwidth memory (HBM), and tight supply that is supporting pricing power and a favorable revenue/margin outlook. Article Title
• Positive Sentiment: News that Samsung may face labor disruptions lifted hopes for tighter memory-chip supply, which can benefit Micron by supporting stronger industry pricing and potentially improving margins. Article Title
• Positive Sentiment: Multiple market pieces pointed to Micron as one of the standout AI trade names, reinforcing investor enthusiasm for the stock after its huge run over the past year. Article Title
• Neutral Sentiment: Several articles focused on bullish investor commentary and portfolio updates, but these were more sentiment-driven than fundamentally new, so they are unlikely to be the main driver of the stock today. Article Title
• Negative Sentiment: Micron came under pressure from a broader semiconductor sell-off and investor worries that the AI rally has pushed memory-chip valuations too far too fast. Article Title
• Negative Sentiment: Some coverage also flagged concerns about demand durability, China exposure, and the risk that memory-market conditions could weaken if AI spending cools. Article Title

Micron Technology Price Performance

MU stock opened at $681.54 on Tuesday. The firm has a 50 day moving average of $484.78 and a 200-day moving average of $374.96. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 12 month low of $90.93 and a 12 month high of $818.67. The firm has a market capitalization of $768.60 billion, a P/E ratio of 32.18 and a beta of 1.91.

Micron Technology Increases Dividend

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

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the transaction, the chief executive officer directly owned 424,503 shares in the company, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the firm's stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president owned 224,021 shares of the company's stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 106,000 shares of company stock valued at $47,032,460 over the last ninety days. 0.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MU. TD Cowen lifted their target price on shares of Micron Technology from $550.00 to $660.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. DA Davidson began coverage on shares of Micron Technology in a research note on Monday, May 11th. They issued a "buy" rating and a $1,000.00 target price for the company. Sanford C. Bernstein lifted their target price on shares of Micron Technology from $330.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 18th. UBS Group lifted their target price on shares of Micron Technology from $510.00 to $535.00 and gave the stock a "buy" rating in a research note on Wednesday, April 8th. Finally, William Blair began coverage on shares of Micron Technology in a research note on Thursday, January 22nd. They issued an "outperform" rating for the company. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $495.63.

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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