530,766 Shares in Micron Technology, Inc. $MU Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 530,766 shares of the semiconductor manufacturer’s stock, valued at approximately $88,808,000.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on MU shares. UBS Group lifted their price objective on shares of Micron Technology to $475.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Phillip Securities raised Micron Technology to a “strong-buy” rating in a research report on Monday, February 2nd. Royal Bank Of Canada started coverage on Micron Technology in a report on Thursday, January 15th. They issued an “outperform” rating and a $425.00 price target on the stock. Morgan Stanley boosted their price target on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Finally, Barclays upped their price objective on Micron Technology from $275.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $381.14.

Micron Technology News Roundup

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

• Positive Sentiment: Wolfe Research raised its price target to $500, citing an AI memory boom that should sustain revenue and margin upside for Micron. Micron (MU) Stock Surges as Wolfe Research Sets $500 Price Target on AI Memory Boom
• Positive Sentiment: Susquehanna lifted its target to $525 and Citigroup also raised its target, reflecting stronger dealer/analyst conviction ahead of Micron’s earnings. Analyst upgrades are a immediate catalyst for buying pressure. Susquehanna Boosts Micron Technology (NASDAQ:MU) Price Target to $525.00
• Positive Sentiment: Supply tightness on HBM — Seeking Alpha reports HBM is sold out for 2026 — supporting stronger pricing and near‑term revenue visibility for Micron’s high‑margin AI memory products. Micron Technology: HBM Sold Out For 2026, Wall Street Is Still Underpricing
• Positive Sentiment: Applied Materials announced partnerships with Micron (and others) around AI memory chip production tools — a sign of ecosystem alignment and investment behind AI memory expansion. Applied Materials forges partnerships with Micron and SK Hynix for AI memory chips
• Positive Sentiment: Multiple outlets note that a wave of analyst upgrades has driven intraday buying (reported rallies of ~5%+), amplifying momentum into earnings week. Why Micron stock is soaring nearly 5% today?
• Neutral Sentiment: Analyst previews and AI stock roundups include Micron as a top AI‑exposure pick; these thematic pieces increase investor attention but are not new company-specific catalysts. AI Stocks Worth Adding to Your Portfolio for Healthy Returns
• Neutral Sentiment: Street expects an earnings beat next week; previews (Zacks, TipRanks, Citi commentary) highlight revenue and EPS upside but also make results a focal point for near‑term volatility. Micron (MU) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Some analysts and commentators warn the stock looks “toppy” after recent big gains and prior sharp corrections; valuation and mean‑reversion risk remain real if AI demand disappoints or supply ramps unexpectedly. Is Micron Getting Toppy? Not According to These Pros Who See Even More Upside Ahead

Micron Technology Trading Up 3.9%

Shares of NASDAQ:MU opened at $418.69 on Thursday. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $455.50. The stock has a market cap of $471.24 billion, a price-to-earnings ratio of 39.80 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $386.74 and a 200-day moving average price of $268.56.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, beating 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 firm had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same quarter in the prior year, the firm earned $1.79 earnings per share. Micron Technology’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 29th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, December 29th. Micron Technology’s dividend payout ratio is 4.37%.

Insiders Place Their Bets

In other Micron Technology news, Director Teyin M. Liu acquired 7,820 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were purchased at an average price of $337.50 per share, for a total transaction of $2,639,250.00. Following the completion of the purchase, the director directly owned 25,910 shares of the company’s stock, valued at $8,744,625. The trade was a 43.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott R. Allen sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total transaction of $675,000.00. Following the transaction, the chief accounting officer directly owned 38,237 shares of the company’s stock, valued at approximately $12,904,987.50. This trade represents a 4.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders bought 23,200 shares of company stock worth $7,821,723 and sold 73,623 shares worth $27,307,408. Insiders own 0.24% of the company’s stock.

Micron Technology 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.