State of Michigan Retirement System 13F: Cuts MU Stake by $5.3M

On October 27, 2026, the State of Michigan Retirement System trimmed its stake in Micron Technology, Inc. (MU) by 5,000 shares, bringing its total to 369,042 shares. This change was disclosed in a filing with the SEC and reflects a reduction of about 1.3% in its position. The total value of its holdings in Micron is approximately $393.1 million.

MU Micron Technology, Inc.

$928.76 ▲ +194.67% year to date

1M 3M YTD

Daily close · Oct 27, 2026

Where Micron Fits in State of Michigan Retirement System's Portfolio

Micron represents about 3.57% of the State of Michigan Retirement System's total reported value of approximately $11 billion. The fund ranks 11th among its 966 reported positions. This reduction in shares indicates a slight decrease in the fund's confidence in Micron at this time.

Other Institutional Activity in Micron

Several other funds have made adjustments to their positions in Micron recently. Simon Quick Advisors grew its holdings by 1,212 shares, ending with 2,233 shares worth about $2.4 million. Highland Capital Management added 4,362 shares, bringing its total to 114,087 shares valued at approximately $121.5 million. MBL Wealth increased its stake by 988 shares, ending with 4,620 shares worth about $4.9 million.

Micron Technology, Inc. Stock Up 5.9%

Micron shares recently traded at around $929.16, which is about equal to the closing price on October 27, 2026. The stock is currently below its 50-day moving average of $981.37, but it remains above its 200-day moving average of $734.99. The stock has traded significantly below its 52-week high of $1,255.00, down about 26% from that peak.

Recent Earnings

Micron reported trailing twelve-month revenue of approximately $133.2 billion, reflecting a year-over-year growth of 379.3%. The company has a net margin of 63.8% and a return on equity of 88.3%. The next earnings report is scheduled for December 23, 2026.

Dividend

Micron pays an annual dividend of $0.60 per share, which translates to a yield of 0.07%. The payout ratio is 70%, indicating a balanced approach to returning value to shareholders while reinvesting in growth.

Insider Buying and Selling at Micron Technology, Inc.

Recent insider transactions include significant sales by key executives. On July 24, 2026, CEO Sanjay Mehrotra sold 31,285 shares, while on August 18, Officer Sumit Sadana sold 15,000 shares at an average price of $934.29. These sales were made before the company's filing date and may reflect personal financial planning rather than company performance concerns.

Analysts Set New Price Targets

Analysts have a strong outlook on Micron, with several firms maintaining their ratings. On October 1, 2026, Mizuho maintained an Outperform rating with a price target of $1,400. DA Davidson also kept a Buy rating with a target of $3,000 on October 7, 2026. Overall, analysts have a consensus recommendation of strong buy with a mean price target of $1,561.91.

About Micron Technology, Inc.

Micron Technology, Inc. provides semiconductor memory and storage products. Its operations span the globe, including the United States, Taiwan, and Europe. The company serves various sectors through its different business units, focusing on areas like cloud memory and automotive applications.

Bottom Line

Investors should keep an eye on Micron's upcoming earnings report on December 23, 2026. The recent trimming of shares by the State of Michigan Retirement System might indicate a cautious stance, but the overall analyst sentiment remains positive. Watch for further filings that might provide insight into institutional sentiment surrounding Micron.