Gemmer Asset Management LLC Raises Stock Holdings in Micron Technology, Inc. $MU

14 Apr 2026, 04:52 by Renee Jackson · The Cerbat Gem

Gemmer Asset Management LLC lifted its holdings in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 83.8% in the 4th quarter, Holdings Channel reports. The firm owned 58,056 shares of the semiconductor manufacturer’s stock after acquiring an additional 26,475 shares during the period. Micron Technology comprises 1.3% of Gemmer Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Gemmer Asset Management LLC’s holdings in Micron Technology were worth $16,570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Micron Technology by 0.7% during the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock worth $17,510,615,000 after purchasing an additional 773,788 shares in the last quarter. State Street Corp grew its holdings in shares of Micron Technology by 0.6% during the third quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock worth $8,643,613,000 after purchasing an additional 285,582 shares in the last quarter. Capital International Investors grew its holdings in shares of Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after purchasing an additional 155,860 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Micron Technology by 8.0% during the third quarter. Invesco Ltd. now owns 9,622,166 shares of the semiconductor manufacturer’s stock worth $1,609,981,000 after purchasing an additional 708,716 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Micron Technology by 1.9% during the third quarter. Legal & General Group Plc now owns 7,275,842 shares of the semiconductor manufacturer’s stock worth $1,217,394,000 after purchasing an additional 135,850 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

NASDAQ:MU opened at $426.32 on Tuesday. The business has a 50 day moving average of $401.26 and a 200 day moving average of $311.11. The company has a market capitalization of $480.77 billion, a price-to-earnings ratio of 20.13 and a beta of 1.60. Micron Technology, Inc. has a 1-year low of $65.64 and a 1-year high of $471.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology Increases Dividend

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

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the business’s 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 completion of the sale, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the sale, the executive vice president owned 248,021 shares of the company’s stock, valued at $106,621,747.69. The trade was a 9.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 91,623 shares of company stock worth $35,053,508. Company insiders own 0.24% of the company’s stock.

Micron Technology News Roundup

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

Positive Sentiment: Strong AI / HBM demand and upbeat analyst views: multiple pieces highlight Micron’s leadership in high‑bandwidth memory for AI workloads and bullish analyst calls (KeyBanc, Mizuho and others raising targets), which underpin expectations for more upside into earnings. SIMO vs. MU: Which Semiconductor Stock is the Better Buy Now?
Positive Sentiment: ETF and industry flows favor MU: a new DRAM-focused ETF and rotation into AI/semiconductor names are channeling incremental buyer demand into memory names like Micron, supporting higher share prices. This New ETF Aims to Capitalize on Surging AI Memory Chip Demand (MU)
Positive Sentiment: Strategic wins and ecosystem traction: Nvidia / Cadence expansion of AI chip-design tools notes Micron as an adopter, which signals Micron is integrated into customer workflows for AI infrastructure — a demand validation for its memory products. Nvidia And Cadence Deepen AI Chip Design Ties As Investors Weigh Upside
Neutral Sentiment: Near-term catalyst: analysts flag earnings season as a potential trigger (KeyBanc says MU could still gain materially), so market direction may hinge on guidance and demand commentary in upcoming results. Micron Stock Could Gain Another 40%, Analyst Says. Watch This Catalyst.
Neutral Sentiment: Debate over valuation and momentum: several articles discuss whether MU is “cheap” on P/E or priced for perfection after big moves; these narratives can amplify intraday volatility as different investor cohorts argue over risk/reward. Is Micron Technology’s Stock Really That Cheap? Why Its Earnings Multiples Can Be Misleading
Negative Sentiment: Insider selling and profit‑taking risk: public filings and data show significant insider sales in recent months — a potential signal for cautious investors and a factor that could cap rallies if selling accelerates. Micron Technology Stock (MU) Opinions on Analyst Overweight Reiterates (Quiver summary)
Negative Sentiment: End‑market margin warning: Goldman’s downgrade of Best Buy (citing rising memory costs) highlights a demand/margin risk for consumer PC channels — a reminder memory is cyclical and downstream pricing/volume swings can quickly affect Micron’s results. Best Buy Stock Gets Double Downgrade to Sell. Why Goldman Says Sell.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MU shares. Erste Group Bank lowered Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. KeyCorp boosted their target price on Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Barclays boosted their target price on Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Piper Sandler boosted their target price on Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Finally, Citigroup dropped their target price on Micron Technology from $510.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Five 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $464.61.

Read Our Latest Stock Analysis on Micron Technology

About Micron Technology

(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.