Micron Technology’s Recent Lobbying and Stock Activity Reviewed
In a new filing under the Lobbying Disclosure Act, Micron Technology reported $75,000 spent on lobbying effort in Q4 of 2024. This expenditure primarily focused on legislation related to the CHIPS Act and its execution.
Congressional Trading Insights for Micron (MU)
Within the last six months, members of Congress have engaged in $MU stock trading just once. Notably, there have been no purchases, but there was one sale.
Recent Insider Trading at Micron
Insiders at Micron have conducted three trades involving $MU stock over the past six months, with no purchases and three sales recorded.
- APRIL S. ARNZEN (EVP and Chief People Officer) executed two sales, shedding 9,780 shares.
- MICHAEL W. BOKAN (SVP, Worldwide Sales) sold 10,000 shares in a recent transaction.
Hedge Fund Movements Regarding Micron Stock
In the last quarter, 877 institutional investors increased their holdings in Micron, while 837 chose to reduce their positions. Several significant adjustments included:
- FMR LLC sold off 11,674,716 shares, marking a 24.8% decrease in Q3 2024.
- PRICE T ROWE ASSOCIATES INC /MD/ reduced their stake by 10,671,414 shares, a substantial 82.9% drop, during the same period.
- JPMORGAN CHASE & CO increased their portfolio by 10,544,298 shares, representing a 44.9% increase in Q3 2024.
- DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK reportedly removed 7,921,392 shares, down 89.4% during Q3 2024.
- CAPITAL RESEARCH GLOBAL INVESTORS cut their position by 6,098,337 shares, a 47.3% decline.
- WELLINGTON MANAGEMENT GROUP LLP decreased their holdings by 4,798,973 shares, equating to a 47.6% reduction.
- CAPITAL INTERNATIONAL INVESTORS also sold off 4,487,733 shares, a 27.1% drop.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
