Highland Capital Management 13F: Adds $4.6M to MU Stake

Highland Capital Management boosted its stake in Micron Technology, Inc. (MU) by 4,362 shares, valued at about $4.65 million, according to its latest Form 13F filing with the SEC on October 26, 2026. This brings the fund's total holdings in Micron to 114,087 shares.

MU Micron Technology, Inc.

$903.70 ▲ +186.72% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Micron Technology Fits in Highland Capital Management's Portfolio

Micron now accounts for 14.59% of Highland's reported portfolio, ranking third among its 415 positions. This increase represents a 3.98% boost in its holdings.

Other Institutional Activity in Micron Technology

Several other funds also adjusted their positions in Micron Technology recently. Mill Capital Management reduced its holdings by 4,910 shares, ending with 96,957 shares valued at about $103.3 million. Marathon Asset Management cut its stake by 9,598 shares, now holding 43,949 shares worth approximately $46.8 million. In contrast, Simon Quick Advisors increased its position by 1,212 shares, totaling 2,233 shares valued at about $2.4 million.

Micron Technology, Inc. Stock Up 3.0%

Micron shares recently traded around $903.70, which is about equal to its closing price on October 26, 2026. The stock is currently 28% below its 52-week high of $1,255 and 369.2% above its 52-week low of $192.59. The recent price is also below its 50-day moving average by 7.9% but above its 200-day moving average by 23.0%.

Recent Earnings

Micron reported trailing twelve-month revenue of approximately $133.2 billion, with a year-over-year revenue growth of 379.3%. The company's next earnings report is scheduled for December 23, 2026.

Dividend

Micron Technology pays an annual dividend of $0.60 per share, which results in a yield of 0.07%. The dividend payout ratio is 70%.

Analysts Set New Price Targets

On October 1, 2026, Mizuho maintained its rating of Outperform with a price target of $1,400, up from a prior target of $1,300. DA Davidson also maintained a Buy rating on October 7, increasing its target from $2,100 to $3,000. Overall, analysts have a consensus recommendation of Strong Buy with a mean price target of $1,561.91.

About Micron Technology

Micron Technology, Inc. manufactures semiconductor memory and storage products. Its operations span across the U.S., Asia, and Europe, serving various markets such as cloud computing, automotive, and mobile devices. The company's recent performance and analyst ratings suggest a positive outlook amid a rapidly evolving tech landscape.

Bottom Line

Investors should watch for Micron's upcoming earnings report on December 23, 2026, as well as any further updates from Highland Capital Management regarding its stake. Given the current price levels, the fund's estimated cost basis compared to today's price could indicate potential future movements in their investment strategy.