Oregon Public Employees Retirement Fund Raises Holdings in Micron Technology, Inc. $MU

Oregon Public Employees Retirement Fund increased its position in Micron Technology, Inc. (NASDAQ:MU) by 32.5% in the 3rd quarter, Holdings Channel reports. The firm owned 127,930 shares of the semiconductor manufacturer’s stock after buying an additional 31,374 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Micron Technology were worth $21,405,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Micron Technology by 1.9% during the second quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after buying an additional 1,973,294 shares during the period. State Street Corp grew its position in shares of Micron Technology by 2.7% during 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Micron Technology by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after acquiring an additional 314,489 shares during the period. Norges Bank acquired a new position in shares of Micron Technology in the 2nd quarter valued at $1,980,700,000. Finally, Invesco Ltd. raised its position in Micron Technology by 3.2% in the 2nd quarter. Invesco Ltd. now owns 8,913,450 shares of the semiconductor manufacturer’s stock valued at $1,098,583,000 after purchasing an additional 277,507 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: UBS raised its price target to $400 and maintained a buy rating, citing sustained AI memory demand and limited supply that supports higher ASPs. UBS Group Boosts Micron Technology (NASDAQ:MU) Price Target to $400.00
• Positive Sentiment: Piper Sandler also lifted its target to $400, highlighting a memory supply squeeze (HBM/DRAM) and signaling upside to MU shares as Micron remains supply-constrained. Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Piper Sandler Analyst Says
• Positive Sentiment: Analysts and outlets point to persistent AI-driven demand and pricing power (especially for HBM), which supports revenue/gross-margin upside and underpins multiple price-target increases. Micron’s Pricing Power Looks Unstoppable As AI Demand Outruns Supply
• Positive Sentiment: Coverage pieces (Forbes, The Motley Fool, Seeking Alpha) argue Micron has shifted from commodity DRAM competition to strategic AI memory, pointing to strong recent results, raised FY26/FY27 forecasts, and potential for further upside. Up 3x In 2025, What’s Next For Micron Stock?
• Positive Sentiment: Micron announced a megafab groundbreaking in New York, signaling long-term capacity expansion to address the memory shortage and support future revenue growth. Micron Announces Groundbreaking for Historic New York Megafab
• Neutral Sentiment: High-profile endorsements (e.g., Jim Cramer) and momentum/screening recognition (Zacks Rank #1, coverage pieces) increase retail/institutional interest but may already be priced in. Jim Cramer Calls Micron a “Favorite of the Show”
• Neutral Sentiment: Industry peers (e.g., Samsung) reporting record profits from rising memory prices reinforce the thematic tailwind for Micron but also reflect sector-wide cyclicality. Samsung Expects Record Profit as Memory Chip Prices Soar. What It Means for Micron Stock.
• Negative Sentiment: An insider (Micron’s CAO) sold shares recently, a small but visible insider disposition that can be highlighted by short-term traders. SEC Filing: Insider Sale by Scott R. Allen
• Negative Sentiment: The stock is experiencing profit-taking and a market-wide pullback after a rapid run-up; some technical/overbought calls suggest near-term selling pressure could persist. Micron (MU) Stock Drops In Market Pullback, But AI Memory Demand Stays Hot
• Negative Sentiment: Coverage noting the stock is overbought and elevated valuations increases risk of short-term reversals despite bullish fundamentals. Stock Of The Day: Will Micron Technology Reverse?

Insider Transactions at Micron Technology

In other news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the completion of the transaction, the chief accounting officer owned 40,237 shares in the company, valued at $8,450,574.74. This trade represents a 17.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the sale, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This trade represents a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 318,800 shares of company stock valued at $72,333,387 in the last three months. Insiders own 0.24% of the company’s stock.

Micron Technology Trading Down 3.7%

NASDAQ MU opened at $327.02 on Friday. 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 stock has a market capitalization of $368.06 billion, a P/E ratio of 31.09, a P/E/G ratio of 0.21 and a beta of 1.50. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $346.30. The firm has a 50-day moving average price of $254.46 and a 200 day moving average price of $182.69.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities research analysts expect 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 will be paid on Wednesday, January 14th. Investors of record on Monday, December 29th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, December 29th. Micron Technology’s dividend payout ratio is currently 4.37%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MU. BNP Paribas Exane raised shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a research report on Monday, October 13th. Cowen reiterated a “buy” rating on shares of Micron Technology in a research note on Thursday, December 11th. Wolfe Research raised their price target on Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. KeyCorp set a $350.00 price target on Micron Technology in a research report on Thursday, December 18th. Finally, Raymond James Financial increased their price objective on Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Micron Technology has an average rating of “Buy” and a consensus price target of $292.00.

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.