Russell Investments Group Ltd. Grows Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Russell Investments raised its Micron stake 4.1% to 811,101 shares (about $135.5M), and institutional ownership is high at 80.84%, with recent large positions including a new Norges Bank stake (~$1.98B) and Vanguard's 103.9M-share holding.
• Micron delivered a strong quarter—EPS $4.78 vs. $3.77 expected and revenue $13.64B (up 56.7%)—the stock is up ~5.1%, market cap ~ $438B, and analysts maintain a consensus Buy rating with an average target near $381.
• Insiders have been net sellers recently (notably two EVPs), and risks include Nvidia favoring Samsung/SK Hynix for HBM4 and valuation/rotation concerns that could temper near-term upside despite bullish AI-memory catalysts.

Russell Investments Group Ltd. raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 811,101 shares of the semiconductor manufacturer's stock after acquiring an additional 32,270 shares during the period. Russell Investments Group Ltd. owned 0.07% of Micron Technology worth $135,537,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Micron Technology in the second quarter valued at $1,980,700,000. Slate Path Capital LP acquired a new position in Micron Technology in the second quarter valued at $317,751,000. Vanguard Group Inc. lifted its position in Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer's stock worth $12,803,168,000 after buying an additional 1,973,294 shares during the period. State Street Corp lifted its position in Micron Technology by 2.7% during the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer's stock worth $6,331,795,000 after buying an additional 1,349,713 shares during the period. Finally, Orbis Allan Gray Ltd boosted its stake in Micron Technology by 50.2% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,457,726 shares of the semiconductor manufacturer's stock worth $426,165,000 after buying an additional 1,156,086 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Buying and Selling

In other news, EVP Sumit Sadana sold 25,000 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the transaction, the executive vice president directly owned 248,021 shares of the company's stock, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. Insiders own 0.24% of the company's stock.

Micron Technology Stock Up 5.1%

Shares of NASDAQ MU opened at $389.32 on Tuesday. The stock has a fifty day moving average price of $381.87 and a 200 day moving average price of $265.50. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. Micron Technology, Inc. has a 12-month low of $61.54 and a 12-month high of $455.50. The company has a market cap of $438.18 billion, a P/E ratio of 37.01 and a beta of 1.50.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. During the same quarter in the prior year, the business earned $1.79 earnings per share. The company's revenue was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Research analysts anticipate 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. Shareholders of record on Monday, December 29th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology's dividend payout ratio is currently 4.37%.

Wall Street Analysts Forecast Growth

MU has been the subject of several recent analyst reports. Needham & Company LLC lifted their price target on Micron Technology from $380.00 to $450.00 and gave the company a "buy" rating in a report on Tuesday, February 17th. Wall Street Zen upgraded shares of Micron Technology from a "buy" rating to a "strong-buy" rating in a report on Sunday, November 23rd. Wedbush set a $320.00 target price on shares of Micron Technology in a research report on Thursday, December 18th. Weiss Ratings restated a "buy (b-)" rating on shares of Micron Technology in a report on Thursday, January 29th. Finally, Barclays upped their price target on shares of Micron Technology from $275.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, January 16th. Six investment 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 MarketBeat.com, Micron Technology presently has a consensus rating of "Buy" and an average target price of $381.14.

Key Micron Technology News

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

• Positive Sentiment: Multiple analyst price-target raises and buy/positive ratings (Stifel, Susquehanna, Citi, UBS, Aletheia) are lifting sentiment and providing fresh upside estimates that support buying ahead of earnings. Server DDR5 Is A Promising Opportunity For Micron Technology, Inc. (MU), Says Stifel Aletheia Lifts PT on Micron to $650
• Positive Sentiment: Product and supply wins: Micron began shipping samples of a 256GB SOCAMM2 LPDRAM (co‑designed with NVIDIA) and opened a new India assembly/test facility — moves that strengthen its AI-memory roadmap and broaden manufacturing footprint. These developments underpin demand narrative and potential margin leverage. Micron’s AI Memory Milestone And India Expansion Raise Valuation Questions
• Positive Sentiment: Supply-tightness checks and locked HBM commitments are supporting pricing power; several pieces (UBS, Seeking Alpha previews) argue DRAM/HBM pricing and prepayments de‑risk near-term revenue and could drive another earnings beat/guidance lift. Micron Is Likely To Beat Earnings Again And Rise (Preview) UBS Sees Prolonged Supply Tightness Supporting Micron
• Neutral Sentiment: Index/ETF flows: Micron’s addition to the S&P 100 and large weightings in value/low‑vol ETFs (e.g., VLUE) can boost passive demand, but also concentrates exposure for funds — a mixed effect on short-term liquidity. Micron’s S&P 100 Debut Highlights Expanding Role In AI Memory Worried About Volatility? These 3 ETFs Have You Covered (MU)
• Negative Sentiment: Nvidia reportedly selected Samsung and SK Hynix for HBM4 supply — a potential competitive setback if Nvidia shifts more high‑end HBM demand away from Micron. That news tempers the otherwise bullish AI-memory narrative. Nvidia Selects HBM4 Memory Suppliers
• Negative Sentiment: Valuation and rotation risks: several commentaries warn Micron’s rally has been large and fast — some strategists flag vulnerability to a pullback or that parts of the market (including hot AI names) are overbought. These critique the upside and increase volatility risk around earnings. 2 AI Stocks to Sell Before They Fall (includes Micron) Micron Investors Just Got Terrible News From Nvidia

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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