OVERSEA CHINESE BANKING Corp Ltd Sells 26,710 Shares of Micron Technology, Inc. $MU

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 112,219 shares of the semiconductor manufacturer’s stock after selling 26,710 shares during the period. Micron Technology accounts for about 0.8% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 27th biggest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Micron Technology were worth $32,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MU. AQR Capital Management LLC raised its holdings in Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after acquiring an additional 2,918,535 shares in the last quarter. California Public Employees Retirement System raised its holdings in Micron Technology by 70.2% during the third quarter. California Public Employees Retirement System now owns 3,023,799 shares of the semiconductor manufacturer’s stock worth $505,942,000 after acquiring an additional 1,246,773 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in Micron Technology by 1,064.3% during the third quarter. Voloridge Investment Management LLC now owns 1,304,471 shares of the semiconductor manufacturer’s stock worth $218,264,000 after acquiring an additional 1,192,433 shares in the last quarter. Wellington Management Group LLP raised its stake in Micron Technology by 19.9% in the third quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock valued at $1,196,427,000 after buying an additional 1,188,296 shares during the period. Finally, Orbis Allan Gray Ltd raised its stake in Micron Technology by 50.2% in 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 buying an additional 1,156,086 shares during the period. Institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MU. KeyCorp upped their price objective on Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Cantor Fitzgerald upped their price objective on Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Summit Insights lowered Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, March 19th. Wedbush upped their price objective on Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Finally, Royal Bank Of Canada upped their price objective on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $464.61.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: AI-driven memory demand and capacity tightness — Micron says HBM capacity is sold out through 2026, supporting a powerful cash?flow and valuation story for MU as AI servers require more high?bandwidth memory. Read More.
• Positive Sentiment: Micron is materially moving S&P earnings estimates — multiple reports (including Goldman commentary) show MU accounts for a large share of recent S&P EPS revisions, highlighting how Micron’s growth is now a major driver of market profit expectations. Read More.
• Positive Sentiment: Strong analyst support and price targets — brokers and research notes (multiple buy ratings and elevated price targets; median target near $525) are underpinning sentiment and attracting momentum flows. Read More.
• Positive Sentiment: Sector rotation into memory/AI names — Wall Street notes (KeyBanc, Morgan Stanley coverage) and a broad semiconductor rebound are redirecting capital into memory specialists like Micron. Read More.
• Neutral Sentiment: Earnings-week positioning — traders are watching upcoming peer results (Intel, SK Hynix, Texas Instruments) and options flows; MU is consolidating near highs with lower volume as participants await fresh catalysts. Read More.
• Neutral Sentiment: Macro risk?on backdrop — a broader risk appetite (Bitcoin / big tech rally, ceasefire headlines) is helping lift MU alongside the rest of the AI?chip complex. Read More.
• Negative Sentiment: Concentrated insider selling — Quiver’s insider?trade tally shows many executive sales vs few buys, which some investors view as a caution sign even amid strong fundamentals. Read More.
• Negative Sentiment: Bubble/overheat warnings and valuation risk — analysts and columnists flag the SOX and memory names rally as the most rapid since 2002 and urge caution that momentum could reverse if demand growth disappoints. Read More.
• Negative Sentiment: Bearish views exist — critical pieces argue MU’s parabolic run could stall and highlight technical/valuation fragility, reinforcing downside risk on any negative news. Read More.

Micron Technology Stock Performance

NASDAQ:MU opened at $449.38 on Wednesday. The stock has a market cap of $506.78 billion, a P/E ratio of 21.22 and a beta of 1.60. The stock has a 50 day simple moving average of $409.23 and a 200 day simple moving average of $323.00. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. Micron Technology, Inc. has a 1-year low of $67.44 and a 1-year high of $471.34.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is 2.83%.

Insider Buying and Selling

In related news, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the sale, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president directly owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 115,623 shares of company stock valued at $45,165,908. 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.