Ninety One UK 13F: Adds $72M to Micron Technology (MU) Stake

Ninety One UK significantly expanded its investment in Micron Technology, Inc. (MU) during the period, according to a Form 13F filing submitted to the Securities and Exchange Commission on October 15, 2026. Because these regulatory filings look backward at a prior quarter, the figures reflect holdings as of that reporting date and might not match the firm's current portfolio today.

What Changed in Ninety One UK's Micron Technology Position

The fund added 67,705 shares of the semiconductor maker to its portfolio. That brought its total holdings up to 68,133 shares, a substantial 15,818.9% increase from its previous count of just 428 shares. The total reported value of the stake reached about $72.6 million.

Other Institutional Activity in Micron Technology

Other large financial institutions were active in the chipmaker's shares around the same time. 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 lifted its stake by 519,296 shares to hold 73,659,544 shares valued at roughly $64.7 billion. State Street Corporation cut its position by 2,162,676 shares, leaving it with 50,075,870 shares worth about $44.0 billion. Invesco Ltd. added 631,600 shares to finish with 36,315,240 shares valued at approximately $31.9 billion. Capital World Investors trimmed its holdings more sharply, selling 12,581,790 shares to drop its stake to 29,469,646 shares worth about $25.9 billion.

Micron Technology, Inc. Stock Down 3.2%

Micron shares recently traded around $884.66 as of October 16, 2026. The stock sits below its 50-day moving average of $983.17, but remains above its 200-day moving average of $714.91. Shares have traded between a 52-week low of $192.40 and a 52-week high of $1,255.00.

Recent Earnings

Micron reported trailing-twelve-month revenue of $133.2 billion alongside trailing 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.

Dividend

Micron pays an annual dividend yielding 0.06% with a 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, valued at $29.0 million, and later sold 40,000 shares valued at $38.8 million on August 21, 2026. Officer Sumit Sadana sold 15,000 shares at an average price of $934.29 on August 18, 2026, totaling $14.0 million. SVP and Chief Legal Officer Ray Michael Charles sold 40 shares at an average price of $947.29 under a planned 10b5-1 rule on October 14, 2026, totaling $37,891.60.

Analysts Set New Price Targets

Wall Street firms remain positive on the stock. Mizuho maintained an Outperform rating and raised its price target to $1,400.00 from $1,300.00 on October 1, 2026. Morgan Stanley reiterated an Overweight rating with a $1,200.00 target on the same day. TD Cowen reiterated a Buy rating with a $1,600.00 target on October 1, 2026. DA Davidson maintained a Buy rating and raised its target to $3,000.00 from $2,100.00 on October 7, 2026. Rosenblatt maintained a Buy rating with a $1,900.00 target on October 13, 2026. Overall, the stock carries a consensus strong buy rating with a mean price target of $1,560.57 across 46 analyst opinions.

About Micron Technology

Micron Technology designs and manufactures memory and storage products, including dynamic random-access memory and flash storage solutions. Its components power a wide range of devices across cloud data centers, mobile phones, personal computers, and automotive systems. Institutional interest in the company remains high as demand for advanced memory chips supporting AI and data infrastructure continues to evolve.

Bottom Line

Ninety One UK's sizable addition reflects strong past interest in the memory maker, though investors should remember that 13F filings look backward. Watch for Micron's upcoming earnings report on December 23, 2026, to see how the company's financial momentum holds up. 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.