Assenagon Asset Management S.A. 13F: Adds $2.8B to MU Stake

Assenagon Asset Management S.A. significantly expanded its footprint in Micron Technology, Inc. (NasdaqGS: MU), adding millions of shares to its portfolio according to a Form 13F filing disclosed with the SEC on October 15, 2026. Institutional 13F filings are backward-looking reports that reflect a fund's holdings at the close of a specific quarter and may not reflect the investor's current positioning today.

What Changed in Assenagon Asset Management S.A.'s Micron Technology, Inc. Position

Assenagon Asset Management boosted its stake by 1,528.1% during the period, picking up an additional 2,633,136 shares. That brought the firm's total ownership to 2,805,455 shares, up from 172,319 shares previously. The reported value of the position stood at approximately $3.0 billion.

Other Institutional Activity in Micron Technology, Inc.

Other major institutional investors made notable adjustments to their Micron holdings around the same reporting cycle. Blackrock Inc. grew its holdings by 1,681,279 shares, ending with 104,827,219 shares worth about $92.1 billion. Vanguard Capital Management LLC added 519,296 shares, bringing its total to 73,659,544 shares valued at roughly $64.7 billion. State Street Corporation trimmed its position by 2,162,676 shares, or 4.1%, leaving it with 50,075,870 shares worth about $44.0 billion. Invesco Ltd. grew its holdings by 631,600 shares, ending with 36,315,240 shares worth about $31.9 billion. Capital World Investors reduced its stake by 12,581,790 shares, or 29.9%, finishing with 29,469,646 shares valued at roughly $25.9 billion.

Micron Technology, Inc. Stock Down 3.2%

Micron Technology shares recently traded around $884.66. The stock sits about 23.7% above its 200-day moving average of $714.91, though it remains below its 50-day moving average. The company carries a market capitalization over $1.0 trillion and a forward price-to-earnings ratio of 4.55.

Recent Earnings

For its trailing twelve-month period, Micron reported revenue of $133.2 billion and basic earnings per share of $74.33. The company posted a net profit margin of 63.8% alongside a return on equity of 88.3%. Its next quarterly earnings release is scheduled for December 23, 2026.

Dividend

Micron pays an annualized dividend yielding 0.06% with a very low payout ratio of 0.7%.

Insider Buying and Selling at Micron Technology, Inc.

Company insiders executed several stock sales prior to the filing. Chief Executive Officer Sanjay Mehrotra sold 31,285 shares on July 24, 2026, for a total value of $29.0 million. In a separate transaction on the same day, Mehrotra sold 8,715 shares valued at $8.3 million. Officer Sumit Sadana sold 15,000 shares at an average price of $934.29 on August 18, 2026, totaling $14.0 million. Additionally, Sanjay Mehrotra sold 40,000 shares worth $38.8 million on August 21, 2026.

Analysts Set New Price Targets

Wall Street analysts have frequently updated their outlooks on the semiconductor maker. On October 1, 2026, Mizuho maintained its Outperform rating and raised its price target to $1400.00 from $1300.00. On the same date, Morgan Stanley reiterated an Overweight rating with a $1200.00 price target, while TD Cowen reiterated a Buy rating and a $1600.00 price target. DA Davidson maintained a Buy rating on October 7, 2026, bumping its price target up to $3000.00 from $2100.00. Rosenblatt maintained a Buy rating on October 13, 2026, with a target of $1900.00. Overall, the stock carries a consensus Strong Buy rating and an average analyst price target of $1560.57 across 46 analyst opinions.

About Micron Technology, Inc.

Micron Technology, Inc. designs and manufactures advanced memory and data storage products, including DRAM and NAND flash solutions. Headquartered in Boise, Idaho, the company serves cloud computing, data center, mobile, and automotive markets globally. Its components form the foundational hardware required for modern computing infrastructure and artificial intelligence workloads.

Bottom Line

Assenagon Asset Management's large position increase highlights growing institutional exposure to the memory chip sector. Observers will monitor Micron's upcoming earnings report on December 23, 2026, to see if financial results continue to justify these valuations. Remember that 13F filings are historical snapshots and may not reflect current holdings.