Sumitomo Mitsui DS Asset Management Company Ltd Has $24.99 Million Holdings in Micron Technology, Inc. $MU

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,377 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,409 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Micron Technology were worth $24,994,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MU. Kesler Norman & Wride LLC bought a new stake in Micron Technology during the 3rd quarter worth about $541,000. Jessup Wealth Management Inc grew its holdings in shares of Micron Technology by 12.6% in the 3rd quarter. Jessup Wealth Management Inc now owns 21,024 shares of the semiconductor manufacturer’s stock valued at $3,518,000 after acquiring an additional 2,347 shares in the last quarter. Seamount Financial Group Inc. acquired a new stake in shares of Micron Technology in the third quarter valued at about $202,000. Mainsail Financial Group LLC raised its holdings in Micron Technology by 1.8% during the third quarter. Mainsail Financial Group LLC now owns 16,855 shares of the semiconductor manufacturer’s stock worth $2,820,000 after acquiring an additional 305 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Micron Technology by 32.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 127,930 shares of the semiconductor manufacturer’s stock worth $21,405,000 after acquiring an additional 31,374 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America raised Micron Technology from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $300.00 in a research report on Thursday, December 18th. Cantor Fitzgerald boosted their target price on shares of Micron Technology from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Micron Technology from $200.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, Mizuho boosted their price objective on shares of Micron Technology from $290.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average price target of $295.45.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 2,000 shares of Micron Technology stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the sale, the chief accounting officer owned 38,237 shares in the company, valued at $12,904,987.50. The trade was a 4.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This represents a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 318,800 shares of company stock valued at $72,333,387. 0.24% of the stock is currently owned by insiders.

Micron Technology Stock Up 5.5%

Shares of MU opened at $345.09 on Friday. The firm has a market cap of $388.40 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 0.21 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $346.30. The firm’s 50-day simple moving average is $256.89 and its 200 day simple moving average is $184.24.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $12.62 billion. During the same quarter in the previous year, the company posted $1.79 earnings per share. The business’s 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 forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th will be given a dividend of $0.115 per share. The ex-dividend date is Monday, December 29th. This represents a $0.46 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 4.37%.

More Micron Technology News

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

• Positive Sentiment: Several sell‑side firms raised targets (Mizuho to $390; UBS and Piper Sandler to ~$400), citing a sustained AI-driven memory squeeze and upside to ASPs and earnings — a direct catalyst for the rally. UBS Group Boosts Micron Technology (NASDAQ:MU) Price Target to $400.00
• Positive Sentiment: Analysts and trade press point to persistent AI demand (higher memory content, tight supply for HBM/DRAM) that supports pricing power, margin expansion and raised FY26/FY27 EPS estimates. Micron’s Pricing Power Looks Unstoppable As AI Demand Outruns Supply
• Positive Sentiment: Coverage from Forbes, The Motley Fool and others highlights Micron’s shift toward higher‑value AI memory and stronger top‑line momentum after recent results — reinforcing the bullish narrative. Up 3x In 2025, What’s Next For Micron Stock?
• Positive Sentiment: Micron announced a major megafab groundbreaking (New York), signaling longer‑term capacity expansion to monetize the structural memory shortage. Micron Announces Groundbreaking for Historic New York Megafab
• Neutral Sentiment: High‑profile media endorsements and screener momentum (Jim Cramer mentions, Zacks Rank #1 additions) are increasing retail and institutional interest but may already be reflected in the stock’s run. Jim Cramer Reveals Why Micron (MU)’s Shares Performed Well
• Neutral Sentiment: Sector peers (e.g., Samsung) reporting record profitability from rising memory prices reinforce the thematic tailwind for Micron but also remind investors that the industry remains cyclical. Samsung Expects Record Profit as Memory Chip Prices Soar. What It Means for Micron Stock.
• Negative Sentiment: An insider (Micron’s CAO) sold 2,000 shares recently; while small in the context of total holdings, such sales can be highlighted by short‑term traders. SEC Filing: Insider Sale by Scott R. Allen
• Negative Sentiment: After a steep run, the stock has seen profit‑taking and a market pullback; notes about overbought technicals and elevated valuation raise the risk of near‑term volatility despite strong fundamentals. Micron (MU) Stock Drops In Market Pullback, But AI Memory Demand Stays Hot

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.