BlackRock Amends Micron Stake, Signals Institutional Confidence
Ticker: MU · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z
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'.
From the Filing
EDGAR Filing Documents for 0001086364-24-006986 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-006986 Filing Date 2024-02-13 Accepted 2024-02-13 08:49:21 Documents 1 Document Format Files Seq Description Document Type Size 1 us5951121038_021224.txt SC 13G/A 12078 Complete submission text file 0001086364-24-006986.txt 13907 Mailing Address 8000 S FEDERAL WAY PO BOX 6 BOISE ID 83716-9632 Business Address 8000 S FEDERAL WAY PO BOX 6 BOISE ID 83716-9632 2083684000 MICRON TECHNOLOGY INC (Subject) CIK : 0000723125 (see all company filings) EIN. : 751618004 | State of Incorp.: DE | Fiscal Year End: 0829 Type: SC 13G/A | Act: 34 | File No.: 005-37198 | Film No.: 24622799 SIC : 3674 Semiconductors & Related Devices (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)