SBI Securities 13F: Cuts Micron Technology (MU) Stake by $29M

SBI Securities reduced its holdings in Micron Technology, Inc. (MU) by 27,192 shares during the quarter, according to a Form 13F filed with the SEC on October 22, 2026. The filing showed the firm holding 84,966 shares worth about $90.5 million at the close of the period.

MU Micron Technology, Inc.

$856.49 ▲ +171.74% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in SBI Securities's Micron Technology, Inc. Position

The fund trimmed its position by 24.2%, bringing its share count down from 112,158 shares to 84,966 shares. Micron Technology shares closed at $860.72 on the filing date.

Other Institutional Activity in Micron Technology, Inc.

Primecap Management Company grew its holdings by 2,657,819 shares, ending with 19,217,236 shares worth about $16.5 billion.

Micron Technology, Inc. Stock Up 0.9%

Micron Technology shares recently traded around $903.88 as of October 22, 2026, putting the stock up about 5.0% since the filing close. The stock trades 8.3% below its 50-day moving average and 24.4% above its 200-day moving average, while sitting 28.0% below its 52-week high of $1,255.00.

Recent Earnings

Micron Technology generated $133.19 billion in trailing-twelve-month revenue with earnings of $74.33 per share. The company posted a net profit margin of 63.8% and a return on equity of 88.3%. Its next earnings report is scheduled for December 23, 2026. The company operates across multiple segments providing memory and storage products for cloud, data center, mobile, and automotive markets.

Dividend

Micron Technology pays an annual dividend rate of $0.60 per share, which translates to a dividend yield of 0.07% with a payout ratio of 0.7%.

Insider Buying and Selling at Micron Technology, Inc.

Chief Executive Officer Sanjay Mehrotra sold 31,285 shares on July 24, 2026, valued at about $29.0 million. Officer Sumit Sadana sold 15,000 shares on August 18, 2026, at an average price of $934.29 for a total of $14.0 million. Sanjay Mehrotra later sold 40,000 shares on August 21, 2026, valued at $38.8 million. President Scott J. Deboer sold 28,544 shares on October 16, 2026, worth about $25.7 million.

Analysts Set New Price Targets

On October 1, 2026, Mizuho maintained an Outperform rating on the stock while raising its price target to $1,400.00 from $1,300.00. DA Davidson maintained a Buy rating on October 7, 2026, lifting its target to $3,000.00 from $2,100.00. Rosenblatt maintained a Buy rating with a $1,900.00 price target on October 13, 2026, and reiterated that same view on October 22, 2026. Needham reiterated a Buy rating with a $1,650.00 target on October 22, 2026. The stock holds a consensus rating of strong buy from 46 analysts, with a mean price target of $1,560.57.

About Micron Technology, Inc.

Headquartered in Boise, Idaho, Micron Technology designs and manufactures semiconductor memory and storage solutions used worldwide across computing, networking, and mobile devices. The company employs 61,000 people and runs specialized business units targeting cloud infrastructure, enterprise data centers, and automotive systems.

Bottom Line

Investors tracking Micron Technology will want to watch for the company's next earnings release on December 23, 2026, to gauge ongoing demand across its memory and storage business units. Institutional ownership shifts and future SEC filings will provide further clues into how large holders are positioning themselves.