Public Employees Retirement Association of Colorado Boosts Position in Micron Technology, Inc. $MU

Key Points

• Public Employees Retirement Association of Colorado increased its Micron Technology stake by 166.4% in the fourth quarter, buying 239,642 additional shares and lifting its holdings to 383,626 shares worth about $109.5 million.
• Institutional investors remain heavily invested in Micron, with hedge funds and other institutions owning about 80.84% of the stock, while several funds recently added to or initiated positions.
• Micron continues to benefit from AI-related demand, with analysts pointing to strong HBM and NAND storage demand, solid earnings momentum, and multiple bullish price-target raises despite some caution around valuation and near-term volatility.

Public Employees Retirement Association of Colorado grew its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 166.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 383,626 shares of the semiconductor manufacturer's stock after buying an additional 239,642 shares during the period. Public Employees Retirement Association of Colorado's holdings in Micron Technology were worth $109,491,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MU. Heritage Trust Co boosted its position in shares of Micron Technology by 9.7% during the fourth quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer's stock valued at $4,289,000 after purchasing an additional 1,323 shares in the last quarter. Generation Capital Management LLC bought a new stake in shares of Micron Technology during the third quarter valued at approximately $238,000. Westpac Banking Corp boosted its position in shares of Micron Technology by 251.0% during the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock valued at $3,863,000 after purchasing an additional 16,509 shares in the last quarter. Avanda Investment Management Pte. Ltd. bought a new stake in shares of Micron Technology during the third quarter valued at approximately $418,000. Finally, Wellington Management Group LLP boosted its position in shares of 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 valued at $1,196,427,000 after purchasing an additional 1,188,296 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 2,000 shares of the business's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the business's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares of the company's stock, valued at $43,679,776.43. This represents a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 146,000 shares of company stock worth $85,486,715 over the last three months. Company insiders own 0.24% of the company's stock.

Micron Technology News Roundup

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

Micron Technology Stock Performance

Micron Technology stock opened at $981.61 on Monday. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The business's fifty day simple moving average is $677.58 and its two-hundred day simple moving average is $465.20. Micron Technology, Inc. has a 12 month low of $103.38 and a 12 month high of $1,089.29. The company has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 46.35 and a beta of 2.15.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The company's revenue for the quarter was up 196 compared to the same quarter last year. As a group, equities analysts predict that Micron Technology, Inc. will post 59.23 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Micron Technology from $450.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. Rosenblatt Securities restated a "buy" rating and set a $500.00 price target on shares of Micron Technology in a research report on Monday, March 16th. The Goldman Sachs Group lifted their price target on Micron Technology from $400.00 to $900.00 and gave the company a "neutral" rating in a research report on Wednesday, June 10th. Melius Research assumed coverage on Micron Technology in a research report on Monday, April 27th. They set a "buy" rating and a $700.00 price target on the stock. Finally, Morgan Stanley lifted their price target on Micron Technology from $520.00 to $1,050.00 and gave the company an "overweight" rating in a research report on Wednesday, June 3rd. Five equities research 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $737.63.

Micron Technology Company 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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