Swedbank AB Purchases 591,865 Shares of Micron Technology, Inc. $MU

Key Points

• Swedbank AB increased its stake in Micron by 19.9%, buying 591,865 shares to hold 3,573,187 shares worth about $1.02 billion, making MU its 15th-largest holding.
• Micron has momentum from product and margin catalysts—shipping a 245TB data‑center SSD and benefiting from tight DRAM/NAND supply—while several brokers raised price targets and the consensus analyst target sits at $478.24 with an overall "Buy" rating.
• Offsetting the bullish signals, insiders sold 104,000 shares last quarter (including CEO Sanjay Mehrotra and EVP April Arnzen), and some analysts warn MU looks overbought, increasing short‑term pullback risk.

Swedbank AB boosted its position in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 19.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,573,187 shares of the semiconductor manufacturer's stock after purchasing an additional 591,865 shares during the period. Micron Technology comprises 1.0% of Swedbank AB's holdings, making the stock its 15th biggest holding. Swedbank AB owned approximately 0.32% of Micron Technology worth $1,019,823,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Micron Technology by 5.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,471,333 shares of the semiconductor manufacturer's stock valued at $779,508,000 after purchasing an additional 133,969 shares during the last quarter. Providence First Trust Co bought a new position in Micron Technology during the 4th quarter valued at about $960,000. AssuredPartners Investment Advisors LLC grew its holdings in Micron Technology by 5.6% during the 4th quarter. AssuredPartners Investment Advisors LLC now owns 33,542 shares of the semiconductor manufacturer's stock valued at $9,573,000 after purchasing an additional 1,776 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Micron Technology by 6.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 159,153 shares of the semiconductor manufacturer's stock valued at $45,424,000 after purchasing an additional 9,776 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Micron Technology by 31.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 56,398 shares of the semiconductor manufacturer's stock valued at $16,097,000 after purchasing an additional 13,626 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Micron began shipping the industry‑leading 245TB Micron 6600 ION data‑center SSD, a tangible product milestone that supports higher data‑center/AI storage revenue potential. Read More.
• Positive Sentiment: Tight DRAM/NAND/HBM supply and recent price increases are boosting gross margins and cash‑flow expectations, underpinning bullish earnings revisions. Read More.
• Positive Sentiment: Analyst upgrades and sector momentum have driven MU past major milestones (including a >$700B market cap), attracting more institutional and retail attention. Read More.
• Positive Sentiment: Broader chip market strength — spurred by strong AMD/Intel results and chip earnings momentum — is lifting Micron alongside peers. Read More.
• Neutral Sentiment: Unusual options activity (large put trades) is being interpreted by some traders as a bullish speculative signal, but it also indicates elevated positioning and shorter‑term risk. Read More.
• Neutral Sentiment: Heavy social/media chatter about breaking $600 and sold‑out HBM capacity is amplifying momentum but can increase volatility. Read More.
• Neutral Sentiment: Large institutional rebalancings (big additions and reductions across funds) show mixed positioning — supports liquidity but makes the stock sensitive to flow changes. Read More.
• Negative Sentiment: CEO Sanjay Mehrotra sold 40,000 shares (SEC filing), a headline that can trigger short‑term selling despite his remaining large stake. Read More.
• Negative Sentiment: Multiple analysts warn MU looks overbought (RSI readings and rapid gains), recommending profit‑taking or position trimming — raising pullback risk after the parabolic run. Read More.
• Negative Sentiment: Longer‑term risks flagged by bearish commentators include potential re‑balancing of supply/demand, manufacturing constraints that limit near‑term revenue conversion, and concentration of AI demand. Read More.

Insider Transactions at Micron Technology

In other news, EVP April S. Arnzen sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares of the company's stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the sale, the chief executive officer directly owned 424,503 shares of the company's stock, valued at $227,643,978.78. The trade was a 8.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 104,000 shares of company stock valued at $45,458,400. Company insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on MU. Royal Bank Of Canada upped their price target on shares of Micron Technology from $425.00 to $525.00 and gave the company an "outperform" rating in a report on Monday, March 16th. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $470.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, March 19th. The Goldman Sachs Group boosted their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, March 19th. Stifel Nicolaus boosted their price objective on shares of Micron Technology from $360.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Micron Technology from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $478.24.

Micron Technology Price Performance

Shares of MU opened at $640.10 on Wednesday. The company has a 50 day moving average price of $426.37 and a 200-day moving average price of $341.68. Micron Technology, Inc. has a fifty-two week low of $78.54 and a fifty-two week high of $651.74. The stock has a market capitalization of $721.86 billion, a PE ratio of 30.22 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

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 given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. This is a boost from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio is currently 2.83%.

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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