Capital Research Global Investors Amends Micron Stake

TL;DR

**Capital Research Global Investors holds 28.7M Micron shares, signaling institutional confidence.**

AI Summary

Capital Research Global Investors, a Delaware-based investment firm, filed an amended SC 13G/A on February 9, 2024, disclosing its ownership in Micron Technology, Inc. As of December 29, 2023, the firm beneficially owned 28,770,957 shares of Micron's common stock, representing a significant stake. This filing indicates a notable institutional investor's continued confidence in Micron, which could be a positive signal for current and prospective shareholders.

Why It Matters

This filing shows a major institutional investor's updated position in Micron, signaling their current conviction in the company's future performance. For investors, this can indicate a vote of confidence or a change in sentiment from a sophisticated market participant.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present new risks to investors.

Analyst Insight

Investors should note that a major institutional investor, Capital Research Global Investors, maintains a substantial position in Micron. While not a direct buy signal, it indicates continued institutional interest. Investors might consider this as part of their due diligence when evaluating Micron's stock, looking for further insights into why this firm holds such a large stake.

Key Numbers

• 28,770,957 — Aggregate Amount Beneficially Owned (The total number of Micron Technology, Inc. shares owned by Capital Research Global Investors as of December 29, 2023.)
• 28,731,051 — Sole Voting Power (The number of shares for which Capital Research Global Investors has sole voting power.)
• 595112103 — CUSIP Number (The unique identification number for Micron Technology, Inc. Common Stock.)

Key Players & Entities

• Capital Research Global Investors (company) — the reporting person and institutional investor
• Micron Technology, Inc. (company) — the subject company whose shares are being reported
• Delaware (company) — place of organization for Capital Research Global Investors
• December 29, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Capital Research Global Investors will maintain a significant stake in Micron Technology, Inc. throughout 2024. (Capital Research Global Investors) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0001422848-24-000076.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Micron Technology, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 595112103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 595112103 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Research Global Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 28,731,051 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 28,770,957 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 28,770,957 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.6% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Micron Technology, Inc. (b) Address of Issuer's Principal Executive Offices 8000 South Federal Way, Boise, ID 83716-9632 Item 2. (a) Name of Person Filing Capital Research Global Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 595112103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 28,770,957 ** (b) Percent of Class: 2.6% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 28,731,051 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 28,770,957 (iv) shared power to dispose or to direct the disposition of 0 **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 28,770,957 shares or 2.6% of the 1,103,908,880 shares believed to be outstanding. Item 5. Ownership of Five Percent or Less of Class. If this statement is being filed to report the fact that as of