South Korea's National Pension Service (NPS) increased its Micron Technology holdings by 4.4% during the third quarter, an SEC filing confirms. The stake is now valued at $471.1 million. This represents 0.25% of the company's total shares.
This institutional confidence aligns with positive analyst sentiment. Barclays, RBC, and Wells Fargo recently raised their price targets for Micron. The bullish outlook stems from the company's record-setting first-quarter earnings report. It is also driven by strong guidance for the second quarter of 2026. Demand for memory and storage products in the AI sector fuels this growth.