ICICI Prudential Asset Management Co Ltd Has $2.88 Million Holdings in Micron Technology, Inc. $MU

ICICI Prudential Asset Management Co Ltd raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 22.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,186 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,180 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Micron Technology were worth $2,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American Capital Advisory LLC boosted its stake in shares of Micron Technology by 20.4% in the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after buying an additional 46 shares during the period. Teamwork Financial Advisors LLC raised its holdings in Micron Technology by 0.4% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock valued at $2,505,000 after acquiring an additional 53 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Micron Technology by 0.5% during the 3rd quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer’s stock valued at $1,779,000 after acquiring an additional 53 shares during the period. Lodestone Wealth Management LLC grew its holdings in shares of Micron Technology by 3.2% during the 3rd quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer’s stock worth $283,000 after purchasing an additional 53 shares in the last quarter. Finally, Allen Capital Group LLC increased its position in shares of Micron Technology by 1.2% in the third quarter. Allen Capital Group LLC now owns 4,554 shares of the semiconductor manufacturer’s stock worth $762,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Analyst upgrade lifts sentiment — MU was reported trading higher after an analyst upgrade, a direct short‑term catalyst that often fuels buying momentum. Micron Trading Up After Analyst Upgrade
• Positive Sentiment: Needham raises price target to $450 — higher street targets give investors cover to bid the stock and support upside expectations versus prior targets. Needham Raises Micron Price Target
• Positive Sentiment: AI memory demand and product strength — multiple writeups highlight sold‑out HBM/AI memory orders, stronger NAND/SSD momentum (new 9650 SSD mass production), and management saying HBM4 is on schedule — all point to sustained revenue and margin upside. Micron’s New SSDs Are Gamechangers For AI
• Positive Sentiment: Big-money buying in 13F filings — reports that David Tepper and other funds increased MU exposure signal institutional conviction in Micron’s AI-driven growth story. Institutional flows can amplify moves. Tepper Goes Big on Micron
• Neutral Sentiment: Positive analyst/market writeups and buy/deep-dive pieces — multiple bullish articles (Fool, Zacks) amplify retail/informed interest but are more narrative than new fundamental data. They help sentiment but are not single-event catalysts. Is Micron a Buy?
• Negative Sentiment: Valuation and late‑cycle caution — several analysis pieces warn the rally looks extended and caution against chasing gains; Forbes/Seeking Alpha discuss downside scenarios and that the run could be “late‑cycle.” Elevated multiples increase risk if AI demand normalizes. Melt-Up Looks Late Cycle

Insider Transactions at Micron Technology

In related news, Director Teyin M. Liu purchased 7,820 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was bought at an average price of $337.50 per share, with a total value of $2,639,250.00. Following the completion of the purchase, the director owned 25,910 shares in the company, valued at approximately $8,744,625. This represents a 43.23% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sumit Sadana sold 25,000 shares of Micron Technology stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the transaction, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. Corporate insiders own 0.24% of the company’s stock.

Micron Technology Stock Performance

Micron Technology stock opened at $417.35 on Friday. The business has a 50 day moving average of $347.54 and a 200-day moving average of $239.47. The company has a market capitalization of $469.73 billion, a P/E ratio of 39.67 and a beta of 1.52. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $455.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The firm had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th were issued 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 yield of 0.1%. Micron Technology’s payout ratio is presently 4.37%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MU. Wedbush set a $320.00 price target on shares of Micron Technology in a report on Thursday, December 18th. Raymond James Financial boosted their price objective on shares of Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Mizuho raised their price objective on Micron Technology from $390.00 to $480.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Susquehanna boosted their target price on Micron Technology from $200.00 to $300.00 and gave the stock a “positive” rating in a research note on Monday, December 8th. Finally, HSBC increased their target price on shares of Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average target price of $358.38.

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.