Mackenzie Financial Corp Raises Stock Position in Micron Technology, Inc. $MU

Mackenzie Financial Corp lifted its stake in Micron Technology, Inc. (NASDAQ:MU) by 228.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 594,064 shares of the semiconductor manufacturer’s stock after buying an additional 412,967 shares during the quarter. Mackenzie Financial Corp’s holdings in Micron Technology were worth $99,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Micron Technology by 0.7% in the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock worth $17,510,615,000 after buying an additional 773,788 shares in the last quarter. State Street Corp boosted its stake in shares of Micron Technology by 2.7% in the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after acquiring an additional 1,349,713 shares during the period. Geode Capital Management LLC grew its position in shares of Micron Technology by 1.2% during the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after purchasing an additional 314,489 shares in the last quarter. Capital International Investors raised its stake in Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after purchasing an additional 155,860 shares during the period. Finally, Norges Bank bought a new stake in Micron Technology during the 2nd quarter valued at approximately $1,980,700,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Activity

In other Micron Technology news, Director Steven J. Gomo sold 5,000 shares of Micron Technology stock in a transaction on Friday, December 19th. The shares were sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the completion of the transaction, the director directly owned 19,139 shares of the company’s stock, valued at $5,045,614.57. The trade was a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 25,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the transaction, the executive vice president owned 248,021 shares in the company, valued at $106,621,747.69. This trade represents a 9.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is owned by company insiders.

Micron Technology Stock Performance

Micron Technology stock opened at $418.69 on Thursday. The company’s 50-day moving average price is $386.74 and its 200-day moving average price is $268.56. 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 company has a market cap of $471.24 billion, a PE ratio of 39.80 and a beta of 1.50. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $455.50.

Micron Technology (NASDAQ:MU) last announced its quarterly 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. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

More Micron Technology News

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

Analysts Set New Price Targets

MU has been the subject of a number of research analyst reports. Susquehanna increased their price objective on shares of Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a report on Monday. HSBC upped their target price on shares of Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Cantor Fitzgerald raised their price objective on Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Micron Technology in a report on Thursday, January 29th. 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.com, the company presently has a consensus rating of “Buy” and a consensus price target of $381.14.

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.