Connor Clark & Lunn Investment Management Ltd. Invests $88.81 Million in Micron Technology, Inc. $MU

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 530,766 shares of the semiconductor manufacturer’s stock, valued at approximately $88,808,000.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after buying an additional 976 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Micron Technology by 21.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after buying an additional 628 shares in the last quarter. United Bank bought a new position in shares of Micron Technology during the 2nd quarter valued at approximately $236,000. Schnieders Capital Management LLC. grew its stake in shares of Micron Technology by 67.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock valued at $2,093,000 after acquiring an additional 6,867 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Micron Technology in the 2nd quarter worth approximately $691,000. 80.84% of the stock is owned by institutional investors.

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 5,000 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the completion of the transaction, the director directly owned 19,139 shares in the company, valued at approximately $5,045,614.57. This represents a 20.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the transaction, the executive vice president directly owned 165,618 shares of the company’s stock, valued at $45,891,091.62. The trade was a 8.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. Corporate insiders own 0.24% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Wolfe Research raised its price target to $500, citing an AI memory boom that should sustain revenue and margin upside for Micron. Micron (MU) Stock Surges as Wolfe Research Sets $500 Price Target on AI Memory Boom
• Positive Sentiment: Susquehanna lifted its target to $525 and Citigroup also raised its target, reflecting stronger dealer/analyst conviction ahead of Micron’s earnings. Analyst upgrades are a immediate catalyst for buying pressure. Susquehanna Boosts Micron Technology (NASDAQ:MU) Price Target to $525.00
• Positive Sentiment: Supply tightness on HBM — Seeking Alpha reports HBM is sold out for 2026 — supporting stronger pricing and near?term revenue visibility for Micron’s high?margin AI memory products. Micron Technology: HBM Sold Out For 2026, Wall Street Is Still Underpricing
• Positive Sentiment: Applied Materials announced partnerships with Micron (and others) around AI memory chip production tools — a sign of ecosystem alignment and investment behind AI memory expansion. Applied Materials forges partnerships with Micron and SK Hynix for AI memory chips
• Positive Sentiment: Multiple outlets note that a wave of analyst upgrades has driven intraday buying (reported rallies of ~5%+), amplifying momentum into earnings week. Why Micron stock is soaring nearly 5% today?
• Neutral Sentiment: Analyst previews and AI stock roundups include Micron as a top AI?exposure pick; these thematic pieces increase investor attention but are not new company-specific catalysts. AI Stocks Worth Adding to Your Portfolio for Healthy Returns
• Neutral Sentiment: Street expects an earnings beat next week; previews (Zacks, TipRanks, Citi commentary) highlight revenue and EPS upside but also make results a focal point for near?term volatility. Micron (MU) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Some analysts and commentators warn the stock looks “toppy” after recent big gains and prior sharp corrections; valuation and mean?reversion risk remain real if AI demand disappoints or supply ramps unexpectedly. Is Micron Getting Toppy? Not According to These Pros Who See Even More Upside Ahead

Analysts Set New Price Targets

A number of research firms have commented on MU. Piper Sandler raised their target price on shares of Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. KeyCorp upped their price target on shares of Micron Technology from $325.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Wedbush set a $320.00 price objective on shares of Micron Technology in a research report on Thursday, December 18th. HSBC lifted their target price on shares of Micron Technology from $350.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Barclays upped their target price on shares of Micron Technology from $275.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $381.14.

Micron Technology Trading Up 3.9%

Shares of MU opened at $418.69 on Thursday. The firm has a market cap of $471.24 billion, a P/E ratio of 39.80 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. Micron Technology, Inc. has a 1 year low of $61.54 and a 1 year high of $455.50. The company has a 50 day simple moving average of $386.74 and a two-hundred day simple moving average of $268.56.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, December 29th. Micron Technology’s payout ratio is currently 4.37%.

Micron Technology Company 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.