BlackRock Amends Micron Stake, Signals Institutional Confidence
Ticker: MU · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 723125
| Field | Detail |
|---|---|
| Company | Micron Technology INC (MU) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, semiconductors
Related Tickers: MU
TL;DR
**BlackRock just updated its Micron stake, showing its continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 13, 2024, indicating its ownership of Micron Technology Inc. common stock as of December 31, 2023. This amendment, number 14, updates their previous disclosures regarding their stake in the semiconductor company. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal their confidence (or lack thereof) in Micron's future performance, potentially influencing other investors.
Why It Matters
Large institutional ownership by firms like BlackRock can provide stability to a stock and is often seen as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder in Micron Technology Inc. This filing is a routine update, but consistent institutional ownership can be a positive long-term indicator. No immediate action is suggested based solely on this amendment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Micron Technology Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- February 13, 2024 (date) — the filing date of the SC 13G/A amendment
- 595112103 (number) — the CUSIP number for Micron Technology Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No: 14' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company whose securities are being reported?
The subject company is MICRON TECHNOLOGY INC, as stated under '(Name of Issuer) MICRON TECHNOLOGY INC' and in the 'SUBJECT COMPANY' data section.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Micron Technology Inc. is 595112103, as listed under '(CUSIP Number) 595112103'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding MICRON TECHNOLOGY INC (MU).