Formuepleje A 13F: Exits Micron Technology (MU) Stake

Formuepleje A/S parted ways with its entire investment in Micron Technology, Inc. (NasdaqGS: MU), according to a Form 13F filing submitted to the SEC on October 15, 2026. Institutional 13F filings look backward at portfolio choices from the end of a prior quarter and may not reflect the fund's current holdings today.

Inside Formuepleje A/S's Micron Technology Trade

The fund sold out of the memory chip maker entirely during the period, cutting its previous holding of 51,006 shares down to zero. The complete exit wiped out a position that represented a 100.0% reduction from the prior quarter. Because 13F reports lag behind real time, the exact timing of the trades within the quarter remains unstated in the filing.

Other Institutional Activity in Micron Technology

Other large money managers also tweaked their bets on the semiconductor firm during the same reporting window. Blackrock Inc. grew its holdings by 1,681,279 shares, ending with 104,827,219 shares worth about $92,126,355,961. Vanguard Capital Management LLC lifted its stake by 519,296 shares to wrap up the period with 73,659,544 shares valued at roughly $64,734,955,627. State Street Corporation trimmed its position, shedding 2,162,676 shares to finish with 50,075,870 shares worth about $44,008,678,935. Invesco Ltd. added 631,600 shares, bringing its total to 36,315,240 shares valued at approximately $31,915,286,496. Meanwhile, Capital World Investors made a much larger cut, reducing its stake by 12,581,790 shares to close the quarter with 29,469,646 shares worth about $25,899,104,482.

Micron Technology, Inc. Stock Down 3.2%

Micron Technology shares recently traded around $884.66 as of October 16, 2026. The stock sits below its 50-day moving average of $983.17, though it remains up about 23.7% above its 200-day moving average of $714.91. The company's shares have seen wide swings, touching a 52-week low of $192.40 and a peak of $1,255.00.

Recent Earnings

Micron Technology reported trailing twelve-month revenue of $133,188,001,792 and basic earnings per share of $74.33. The business generated a net profit margin of 63.8% alongside a return on equity of 88.3%. Investors look ahead to the company's next earnings report, scheduled for December 23, 2026.

Dividend

The company pays an annual dividend yielding 0.06%, backed by a dividend payout ratio of 0.7%.

Insider Buying and Selling at Micron Technology, Inc.

Company insiders also made notable stock transactions ahead of the filing. Chief Executive Officer Sanjay Mehrotra disposed of 31,285 shares on July 24, 2026, and later parted with another 40,000 shares on August 21, 2026, with a combined value of over $67.7 million. Officer Sumit Sadana sold 15,000 shares at an average price of $934.29 on August 18, 2026, totaling $14,014,350. SVP and Chief Legal Officer Ray Michael Charles sold 40 shares at an average price of $947.29 on October 14, 2026, for a total of $37,891.60.

Analysts Set New Price Targets

Wall Street firms have remained active with their views on the stock. On October 1, 2026, Mizuho maintained an Outperform rating and raised its price target to $1,400.00 from $1,300.00. Morgan Stanley reiterated an Overweight rating with a $1,200.00 price target on the same day. TD Cowen kept a Buy rating and a $1,600.00 price target on October 1, 2026. DA Davidson maintained a Buy rating on October 7, 2026, lifting its target to $3,000.00 from $2,100.00. Rosenblatt kept a Buy rating with a $1,900.00 target on October 13, 2026. Across 46 analyst opinions, the stock holds a consensus strong buy recommendation and a mean price target of $1,560.57.

About Micron Technology

Headquartered in Boise, Idaho, Micron Technology builds advanced semiconductor memory and storage solutions used across cloud computing, data centers, mobile devices, and automotive systems. Institutional decisions to exit or expand positions in the company often track broader shifts in demand for AI hardware and memory chips.

Bottom Line

Formuepleje A/S no longer holds any shares of Micron Technology following its complete exit disclosed in October 2026. Market participants will watch the company's upcoming earnings release on December 23, 2026, to gauge whether demand for memory products can sustain the stock's valuation. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.