PNC Financial Services Group Inc. Has $136.34 Million Stake in Micron Technology, Inc. $MU

Posted by Brian Himes on May 21st, 2026

PNC Financial Services Group Inc. decreased its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 477,702 shares of the semiconductor manufacturer’s stock after selling 3,562 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Micron Technology were worth $136,341,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GSA Capital Partners LLP boosted its holdings in shares of Micron Technology by 176.0% during the 4th quarter. GSA Capital Partners LLP now owns 7,795 shares of the semiconductor manufacturer’s stock worth $2,225,000 after buying an additional 4,971 shares during the period. Tredje AP fonden boosted its holdings in shares of Micron Technology by 117.4% during the 4th quarter. Tredje AP fonden now owns 478,311 shares of the semiconductor manufacturer’s stock worth $136,515,000 after buying an additional 258,311 shares during the period. PKO BP BANKOWY Universal Pension Society JSC bought a new position in shares of Micron Technology during the fourth quarter worth approximately $61,306,000. Handelsbanken Fonder AB increased its stake in shares of Micron Technology by 15.8% during the fourth quarter. Handelsbanken Fonder AB now owns 488,124 shares of the semiconductor manufacturer’s stock worth $139,315,000 after purchasing an additional 66,781 shares during the period. Finally, Gables Capital Management Inc. increased its stake in shares of Micron Technology by 66.7% during the fourth quarter. Gables Capital Management Inc. now owns 500 shares of the semiconductor manufacturer’s stock worth $143,000 after purchasing an additional 200 shares during the period. Institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

Positive Sentiment: Talks between Samsung management and labor representatives reportedly broke down, raising the risk of a worker strike that could further tighten memory-chip supply and support higher DRAM/NAND prices. Micron Stock Is on a Tear. Chip Shortage Threat Looms as Samsung Strike Talks Break Down.
Positive Sentiment: Several articles highlight a broader AI memory boom, arguing that data-center demand is creating a structural shortage and a pricing supercycle for memory makers like Micron. The Great AI Rotation: Cashing In on Data
Positive Sentiment: Micron was featured alongside other “red hot” AI infrastructure names as investors continue favoring semiconductor suppliers tied to the AI buildout. Checking in On Red Hot AI Infrastructure Stocks
Positive Sentiment: Analyst commentary and price-target hikes from Citi and Mizuho reinforced the bullish view on Micron, with Wall Street increasingly supportive of the stock’s AI-memory narrative. Why Micron Stock Just Popped Again
Positive Sentiment: High-profile investors such as Stanley Druckenmiller and David Tepper were cited as buyers of Micron-related AI hardware plays, adding momentum to the bullish sentiment around the name. Billionaire Stanley Druckenmiller Dumped Every Share of Alphabet. He Bought AI Memory Stocks Up 581% to 3,467% Instead

Analyst Upgrades and Downgrades

MU has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Sanford C. Bernstein increased their target price on Micron Technology from $330.00 to $510.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Mizuho increased their target price on Micron Technology to $800.00 and gave the stock an “outperform” rating in a research note on Tuesday. William Blair initiated coverage on Micron Technology in a research note on Thursday, January 22nd. They set an “outperform” rating on the stock. Finally, Susquehanna increased their target price on Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a research note on Monday, March 9th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $518.47.

Check Out Our Latest Stock Analysis on Micron Technology

Insider Buying and Selling

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 106,000 shares of company stock worth $47,032,460 in the last quarter. Insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Micron Technology stock opened at $731.99 on Thursday. The stock’s fifty day moving average price is $498.20 and its two-hundred day moving average price is $381.87. Micron Technology, Inc. has a one year low of $90.93 and a one year high of $818.67. 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 cap of $825.49 billion, a PE ratio of 34.56 and a beta of 1.91.

Micron Technology Increases Dividend

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

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.