Marathon Asset Management 13F: Cuts MU Stake by $10M
Key Points
- Marathon Asset Management reduced its position in Micron Technology by 9,598 shares, which is a 17.9% decrease, bringing its total to 43,949 shares.
- Micron Technology shares recently traded around $903.70, which is about equal to the closing price on the filing date.
- The reported value of Marathon's stake in Micron is approximately $46.8 million, representing 3.71% of its total reported portfolio.
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Marathon Asset Management cut its position in Micron Technology, Inc. (MU) by 9,598 shares, reducing its total holding to 43,949 shares. The value of this stake is approximately $46.8 million, as disclosed in a filing on October 26, 2026.
MU
Micron Technology, Inc.
Where Micron Technology Fits in Marathon Asset Management's Portfolio
Micron Technology now represents 3.71% of Marathon's total reported portfolio, ranking 8th among its 76 fund positions. This reduction is a 17.9% decrease from the previous total of 53,547 shares.
Other Institutional Activity in Micron Technology
Signaturefd grew its holdings by 1,117 shares, bringing its total to 30,506 shares worth about $32.5 million. Anderson Hoagland increased its stake by 732 shares, now holding 1,126 shares valued at approximately $964,788. UniSuper Management added 20,754 shares, totaling 323,108 shares worth around $344.1 million.
Micron Technology, Inc. Stock Up 3.0%
Micron Technology shares recently traded around $903.70, which is about equal to the closing price on the filing date. The stock is currently below its 50-day moving average by 7.9% but above its 200-day moving average by 23.0%.
Recent Earnings
Micron Technology reported trailing twelve-month revenue of approximately $133.2 billion, with a net margin of 63.8% and a return on equity of 88.3%. Its next earnings report is scheduled for December 23, 2026.
Insider Buying and Selling at Micron Technology, Inc.
Several insiders have sold shares in recent months. CEO Sanjay Mehrotra sold 31,285 shares on July 24, 2026, and another 40,000 shares on August 21, 2026. Officer Sumit Sadana sold 15,000 shares on August 18, 2026, while President Scott J. Deboer sold 28,544 shares on October 16, 2026.
Analysts Set New Price Targets
On October 1, 2026, Mizuho maintained an "Outperform" rating with a price target of $1,400. DA Davidson also maintained a "Buy" rating with a target of $3,000 on October 7, 2026. The consensus rating is a "Strong Buy" with a mean price target of $1,561.91 based on 45 analyst opinions.
About Micron Technology
Micron Technology, Inc. designs and produces semiconductor memory and storage products. It serves various markets, including cloud, data centers, mobile, and automotive sectors. This position change may reflect Marathon's strategy in the semiconductor sector amid fluctuating market conditions.
Bottom Line
Investors should keep an eye on Micron Technology as it approaches its next earnings report on December 23, 2026, and watch for any further filings from institutional investors regarding their positions.
Related Filing Alerts
Source: Marathon Asset Management's 13F filing on $MU (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts