Micron Technology, Inc. $MU Position Lowered by Empire Life Investments Inc.

Posted by Francis Steltz on May 13th, 2026

Empire Life Investments Inc. decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 157,871 shares of the semiconductor manufacturer’s stock after selling 9,388 shares during the quarter. Micron Technology comprises about 2.5% of Empire Life Investments Inc.’s portfolio, making the stock its 9th largest holding. Empire Life Investments Inc.’s holdings in Micron Technology were worth $45,058,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Continuum Wealth Advisors LLC purchased a new stake in Micron Technology in the 4th quarter worth $354,000. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of Micron Technology by 6.4% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 1,655 shares of the semiconductor manufacturer’s stock worth $472,000 after purchasing an additional 100 shares during the last quarter. Meridian Wealth Management LLC lifted its position in shares of Micron Technology by 63.4% in the fourth quarter. Meridian Wealth Management LLC now owns 6,797 shares of the semiconductor manufacturer’s stock worth $1,940,000 after buying an additional 2,636 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in Micron Technology by 69.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 37,913 shares of the semiconductor manufacturer’s stock valued at $10,821,000 after buying an additional 15,482 shares during the last quarter. Finally, Versor Investments LP boosted its stake in Micron Technology by 162.6% during the fourth quarter. Versor Investments LP now owns 6,000 shares of the semiconductor manufacturer’s stock valued at $1,712,000 after buying an additional 3,715 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $766.58 on Wednesday. The stock has a market cap of $864.50 billion, a price-to-earnings ratio of 36.19 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The stock has a 50 day moving average price of $456.87 and a 200-day moving average price of $360.05. Micron Technology, Inc. has a one year low of $90.93 and a one year high of $818.67.

Micron Technology Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Susquehanna raised their price target on Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a report on Monday, March 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Micron Technology in a research report on Thursday, January 29th. DA Davidson began coverage on shares of Micron Technology in a report on Monday. They issued a “buy” rating and a $1,000.00 target price for the company. Cantor Fitzgerald boosted their price target on shares of Micron Technology from $450.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, Mizuho increased their price objective on shares of Micron Technology from $480.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $495.63.

Check Out Our Latest Report on MU

Insider Buying and Selling at Micron Technology

In related news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the transaction, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. The trade was a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 104,000 shares of company stock worth $45,458,400 over the last quarter. Insiders own 0.24% of the company’s stock.

More Micron Technology News

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

Positive Sentiment: Micron announced it is shipping the 245TB Micron 6600 ION SSD, the highest-capacity commercially available SSD, underscoring demand for its storage products. Article Title
Positive Sentiment: Micron began sampling a 256GB DDR5 RDIMM for AI and data-center workloads, supporting the bullish case for memory demand. Article Title
Positive Sentiment: Samsung labor disruption concerns could tighten global DRAM and NAND supply, improving Micron’s pricing power and margin outlook. Article Title
Positive Sentiment: Analysts reiterated bullish views on MU, with recent Buy/Outperform calls and targets near $1,000 or higher reflecting confidence in AI-driven earnings growth. Article Title
Neutral Sentiment: Some commentary says Micron’s sharp rally has made the stock look stretched in the short term, so traders may see near-term volatility or consolidation. Article Title
Neutral Sentiment: Broader chip-sector weakness and profit-taking hit memory names on Tuesday, which can pressure MU despite the longer-term bullish trend. Article Title

Micron Technology Profile

(Free Report)

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.