Public Sector Pension Investment Board Boosts Position in Micron Technology, Inc. $MU

Key Points

• Public Sector Pension Investment Board raised its Micron stake by 51.9% to 462,215 shares, worth about $77.34 million at the end of the quarter.
• Wall Street has grown bullish—multiple firms raised price targets (some to $450–$500) and the stock carries a consensus Buy rating with an average target of $353.21.
• Micron shows operational and financial momentum: management says next‑gen HBM4 is in high‑volume production and shipments have begun, and the company beat quarterly estimates (EPS $4.78; revenue $13.64B, +56.7%) with strong guidance.

Public Sector Pension Investment Board raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 51.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,215 shares of the semiconductor manufacturer's stock after buying an additional 157,892 shares during the period. Public Sector Pension Investment Board's holdings in Micron Technology were worth $77,338,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. REAP Financial Group LLC acquired a new position in shares of Micron Technology during the 3rd quarter valued at $25,000. First Command Advisory Services Inc. increased its holdings in Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Micron Technology in the third quarter valued at about $27,000. Howard Hughes Medical Institute purchased a new position in Micron Technology in the second quarter valued at about $30,000. Finally, AlphaQuest LLC lifted its stake in shares of Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer's stock worth $33,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald increased their target price on Micron Technology from $350.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, January 14th. Citigroup upped their price target on Micron Technology from $330.00 to $385.00 and gave the stock a "buy" rating in a report on Thursday, January 15th. Morgan Stanley increased their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the company an "overweight" rating in a research report on Wednesday. Wall Street Zen raised shares of Micron Technology from a "buy" rating to a "strong-buy" rating in a research report on Sunday, November 23rd. Finally, Rosenblatt Securities restated a "buy" rating and issued a $500.00 target price on shares of Micron Technology in a research note on Tuesday, January 20th. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $353.21.

More Micron Technology News

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

• Positive Sentiment: CFO and management said Micron's next-gen HBM4 is in high‑volume production and shipments have begun — commentary that directly boosts AI revenue visibility and investor confidence. Micron's stock pops. Here's what an executive just said to calm nervous investors.
• Positive Sentiment: Management signaled demand significantly outpaces supply and that tightness could persist beyond 2026 — a structural supply/demand story that supports stronger pricing and margins for DRAM/HBM. Micron Technology Stock (MU) Opinions on CFO Supply-Demand Outlook
• Positive Sentiment: Street optimism is rising — several firms raised targets and issued bullish notes (TD Cowen set a $600 target; Morgan Stanley raised to $450), lifting sentiment and driving momentum. Micron Stock Gets a New Street-High $600 Target -- TD Cowen Sees 55% Upside.
• Positive Sentiment: Operational progress on NAND and accelerated HBM4 timeline reports have supported the rally by indicating capacity and product roadmaps are on track to capture AI demand. Micron (MU) Stock Surges 10% on Accelerated HBM4 Chip Timeline
• Neutral Sentiment: Samsung says it has begun mass production and commercial shipments of HBM4 — this is a competitive development that keeps the market focused on execution and timing rather than changing the overall strong demand backdrop. Samsung Claims to Be First to Ship New Memory Chips. What It Means for Micron.
• Neutral Sentiment: Several market commentaries and deep-dive pieces ask whether Micron can sustain a supercycle-like run or become the "next NVIDIA" — useful context for valuation debates but not immediate catalysts. Is Micron Technology Stock the Next Nvidia?
• Negative Sentiment: A Seeking Alpha downgrade warns Micron may be "priced to perfection" — cautionary view on valuation that could prompt profit‑taking if growth or pricing cues soften. Micron Is Priced To Perfection In A Non-Perfect Market (Downgrade)
• Negative Sentiment: Notable insider and congressional selling has been reported (many exec sales), which some investors view as a governance/conviction red flag and can weigh on sentiment during a pullback. Micron Technology Stock (MU) Opinions on CFO Supply-Demand Outlook

Micron Technology Stock Performance

Micron Technology stock opened at $413.97 on Friday. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $455.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The stock has a market cap of $465.93 billion, a P/E ratio of 39.35 and a beta of 1.52. The stock has a 50 day moving average of $331.49 and a 200-day moving average of $228.99.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm had revenue of $13.64 billion for the quarter, compared to analysts' expectations of $12.62 billion. During the same period in the prior year, the company posted $1.79 earnings per share. The firm's quarterly revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. Micron Technology's dividend payout ratio (DPR) is presently 4.37%.

Insiders Place Their Bets

In other Micron Technology news, EVP Manish H. Bhatia sold 26,623 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the transaction, the executive vice president owned 323,486 shares of the company's stock, valued at $126,495,965.44. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Teyin M. Liu bought 11,600 shares of the firm's stock in a transaction dated Tuesday, January 13th. The stock was purchased at an average price of $337.07 per share, with a total value of $3,910,012.00. Following the transaction, the director owned 14,310 shares in the company, valued at approximately $4,823,471.70. This represents a 428.04% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. 0.24% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding MU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Micron Technology, Inc. (NASDAQ:MU - Free Report).

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.