Westpac Banking Corp Sells 4,386 Shares of Micron Technology, Inc. $MU

Westpac Banking Corp cut its holdings in Micron Technology, Inc. (NASDAQ:MU) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,700 shares of the semiconductor manufacturer’s stock after selling 4,386 shares during the quarter. Westpac Banking Corp’s holdings in Micron Technology were worth $5,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MU. Norges Bank bought a new position in Micron Technology in the 4th quarter valued at approximately $6,433,456,000. AQR Capital Management LLC lifted its position in Micron Technology by 411.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after acquiring an additional 2,918,535 shares in the last quarter. Vanguard Group Inc. lifted its position in Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after acquiring an additional 1,954,644 shares in the last quarter. California Public Employees Retirement System lifted its position in Micron Technology by 70.2% in the 3rd quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer’s stock valued at $505,942,000 after acquiring an additional 1,246,773 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in Micron Technology by 1,064.3% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,304,471 shares of the semiconductor manufacturer’s stock valued at $218,264,000 after acquiring an additional 1,192,433 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology Trading Up 2.8%

NASDAQ:MU opened at $1,064.10 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The firm has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 50.24 and a beta of 2.15. Micron Technology, Inc. has a one year low of $96.96 and a one year high of $1,076.56. The business has a fifty day moving average price of $569.31 and a 200-day moving average price of $418.02.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $9.19 by $3.01. The firm had revenue of $23.86 billion during the quarter, compared to analyst estimates of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.Micron Technology’s revenue was up 196 on a year-over-year basis. During the same period in the prior year, the business posted $1.56 EPS. Sell-side analysts forecast that Micron Technology, Inc. will post 58.62 EPS for the current year.

Micron Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were paid a $0.15 dividend. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 2.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MU. Sanford C. Bernstein boosted their target price on shares of Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Barclays boosted their target price on shares of Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Citigroup boosted their target price on shares of Micron Technology from $425.00 to $840.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group boosted their target price on shares of Micron Technology from $360.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, March 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $350.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Micron Technology currently has an average rating of “Buy” and an average target price of $621.97.

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sanjay Mehrotra sold 37,439 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the sale, the chief executive officer owned 387,064 shares of the company’s stock, valued at $371,728,524.32. This trade represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 146,000 shares of company stock valued at $85,486,715. Company insiders own 0.24% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Micron unveiled its AI-optimized memory and storage portfolio at COMPUTEX 2026, highlighting HBM4, next-gen RDIMMs, PCIe Gen6 SSDs and edge-AI products that reinforce its role in AI infrastructure. Micron Powers AI Everywhere at COMPUTEX 2026
• Positive Sentiment: Wall Street sentiment remained strongly bullish, with multiple firms raising targets; Raymond James lifted its target to $1,100 and Mizuho/others have issued even more aggressive forecasts, signaling confidence that the AI memory cycle can continue. Mizuho Raises Micron (MU) Price Target to $1,150, Keeps Outperform Rating
• Positive Sentiment: Coverage focused on Micron as a “hidden beneficiary” of Nvidia’s AI dominance, reinforcing the idea that demand for DRAM and HBM is being pulled by hyperscale AI spending rather than just PC or smartphone cycles. The Hidden Beneficiary of Nvidia’s AI Dominance
• Positive Sentiment: Reports that Micron crossed the $1 trillion market-cap milestone and joined the “trillion-dollar club” have kept momentum traders engaged and highlighted just how far the AI rally has pushed the stock. How a nudge from Nvidia propelled frugal Micron into the AI boom and a $1 trillion market cap
• Neutral Sentiment: Micron’s CEO sold shares in recent filings, which may attract some caution, but the transactions were small relative to his remaining stake and do not by themselves change the broader bullish thesis. CEO insider sale disclosure
• Negative Sentiment: Some articles warned the stock may be getting “priced to perfection” after its huge run, with overbought technical conditions and valuation concerns suggesting the rally could face volatility if AI expectations cool. Micron stock flashes major crash signal in over 30 years

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.