Titan Global Capital Management USA LLC Lowers Stock Holdings in Micron Technology, Inc. $MU

Key Points

• Titan Global Capital Management USA LLC cut its Micron stake by 5.5% in the fourth quarter, selling 5,603 shares and leaving it with 95,720 shares worth about $27.3 million.
• Institutional ownership of Micron remains very high at 80.84%, but recent filings show mixed activity as some funds added aggressively while others trimmed positions.
• Micron reported strong quarterly results, beating EPS and revenue estimates, while analysts have broadly turned more bullish with multiple price-target increases and a consensus rating of “Buy.”

Titan Global Capital Management USA LLC reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,720 shares of the semiconductor manufacturer's stock after selling 5,603 shares during the quarter. Micron Technology accounts for approximately 3.9% of Titan Global Capital Management USA LLC's portfolio, making the stock its 13th largest holding. Titan Global Capital Management USA LLC's holdings in Micron Technology were worth $27,319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MU. Norges Bank bought a new position in shares of Micron Technology during the fourth quarter valued at about $6,433,456,000. AQR Capital Management LLC grew its stake in shares of 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 valued at $606,873,000 after buying an additional 2,918,535 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer's stock valued at $30,427,016,000 after buying an additional 1,954,644 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of 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 valued at $505,942,000 after buying an additional 1,246,773 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its stake in shares of 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 valued at $218,264,000 after buying an additional 1,192,433 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

More Micron Technology News

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

• Positive Sentiment: UBS and Susquehanna sharply raised their price targets on Micron, reinforcing the view that AI memory demand could support much more upside. Analyst price target update
• Positive Sentiment: Commentary around Micron crossing a $1 trillion market cap is fueling momentum buying and signaling that investors now view MU as a core AI beneficiary rather than a traditional cyclical chip stock. Micron valuation check article
• Positive Sentiment: Multiple reports highlight strong quarterly revenue growth, expanding cloud-memory demand, and record gross margins, which support the case for continued earnings strength. AI memory boom article
• Neutral Sentiment: Fund filings showed mixed institutional activity, with some large hedge funds adding to MU while others trimmed positions, suggesting broad interest but not unanimous conviction. Hedge fund activity article
• Negative Sentiment: Some analysts and commentators warned that Micron’s valuation may be getting stretched, and bearish pieces raised concerns about competition, cannibalization, and a potential depreciation “cliff” if AI spending slows. Bearish downgrade article
• Negative Sentiment: Samsung’s new AI memory chip and ongoing rivalry with SK Hynix underscore that competition in high-margin AI memory remains intense. Samsung rivalry article

Micron Technology Stock Up 5.1%

Shares of NASDAQ:MU opened at $970.47 on Friday. Micron Technology, Inc. has a 1 year low of $92.22 and a 1 year high of $981.00. The company has a market cap of $1.09 trillion, a PE ratio of 45.82 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The stock's 50-day moving average is $557.48 and its 200 day moving average is $411.31.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.19 by $3.01. The company had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.Micron Technology's revenue was up 196 compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.56 EPS. Sell-side analysts anticipate that Micron Technology, Inc. will post 58.62 EPS for the current year.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's payout ratio is presently 2.83%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MU. Wells Fargo & Company raised their price objective on Micron Technology from $470.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Wedbush raised their price objective on Micron Technology from $320.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, March 13th. TD Cowen raised their price objective on Micron Technology from $550.00 to $660.00 and gave the company a "buy" rating in a research note on Tuesday, April 28th. Erste Group Bank cut Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Finally, Bank of America raised their price objective on Micron Technology from $400.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $595.63.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president directly owned 224,021 shares of the company's stock, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology 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 sale, the chief executive officer directly owned 424,503 shares in the company, valued at approximately $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 106,000 shares of company stock valued at $47,032,460. Insiders own 0.24% of the company's stock.

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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