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Micron Technology (MU) develops and manufactures memory chips, including dynamic random access memory (DRAM) and flash memory. The company also develops various storage technologies and semiconductor components. Micron’s products are used in personal computers, networks, data centers, and the automotive industry.
Micron’s top shareholders of Micron are Sanjay Mehrotra, Manish H. Bhatia, Sumit Sadana, Vanguard Group, BlackRock (BLK), and Capital Research Global Investors.
The company’s 12-month trailing net income and revenue were -$6.87 billion and $21.4 billion, respectively. This information is current as of Nov. 30, 2023.
We look at these shareholders in more detail below.
Key Takeaways
- Micron Technology is a technology company whose products are used in computers, networks, data centers, and the automotive industry.
- The company’s top individual shareholders are Sanjay Mehrotra, Manish H. Bhatia, and Sumit Sadana.
- Its top institutional shareholders are Vanguard Group, BlackRock, and Capital Research Global Investors.
Top 3 Individual Insider Shareholders
The following individuals are the top three shareholders of Micron. Keep in mind that these figures include total direct shares owned and do not include indirect shares or those they have the right to acquire.
Sanjay Mehrotra
Sanjay Mehrotra owns about 1.3 million Micron shares, representing 0.11% of the company’s outstanding shares.
Mehrotra is Micron’s president and chief executive officer (CEO). Before joining the company in 2017, he spent nearly three decades with SanDisk, which he co-founded in 1988. He helped grow the company into a Fortune 500 company as CEO before it was sold in 2016.
The executive holds more than 70 patents.
Manish H. Bhatia
Manish Bhatia owns a total of 323,921 Micron shares, representing 0.03% of the company’s total outstanding shares.
Bhatia is Micron’s executive vice president of the company’s global operations division. He oversees the company’s global manufacturing fab footprint, back-end assembly and test operations, supply chain planning and fulfillment, procurement, quality, and IT teams.
Before joining Micron in 2017, Bhatia was executive vice president of Silicon Operations at Western Digital (WDC), a hard disk drive manufacturer and data storage company. Before that, he held several executive positions at SanDisk, which was acquired by Western Digital.
Sumit Sadana
Sumit Sadana owns 270,939 shares of Micron, which represents about 0.02% of the company’s outstanding shares.
Sadana joined Micron in 2017 and is the company’s executive vice president and chief business officer. As such, he is responsible for the company’s business units. This includes forming and maintaining customer partnerships.
He has more than three decades of experience in the technology industry. He’s worked for major companies like SanDisk, Freescale Semiconductor, and IBM before he joined Micron.
$94.84 billion
Insider refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company’s stock. In this context, it has nothing to do with insider trading.
Top 3 Institutional Shareholders
The top three institutional shareholders hold about 22% of the total outstanding shares of Micron.
Vanguard Group
Vanguard Group owns 91.56 million shares of Micron, representing 8.3% of total shares outstanding.
The company is primarily a mutual fund and exchange-traded fund (ETF) management company with about $7.2 trillion in global assets under management (AUM).
The Vanguard S&P 500 ETF (VOO) is one of the company’s largest ETFs with about $408.12 billion in AUM. Micron comprises approximately 0.2% of VOO’s holdings.
BlackRock
BlackRock owns 86.06 million shares of Micron, representing about 7.8% of Micron’s total outstanding shares.
The company is primarily a mutual fund and ETF management company with approximately $9.09 trillion in AUM.
The iShares Core S&P 500 ETF (IVV) is among one of BlackRock’s largest ETFs with approximately $436.30 billion in AUM. Micron comprises nearly 0.2% of IVV’s holdings.
Capital Research Global Investors
Capital Research Global Investors owns about 64.75 million shares of Micron. This is about 5.87% of Micron’s total outstanding shares.
The company focuses primarily on financial services and investment management services with about $2.1 trillion in assets under management.
Capital Group’s Capital Group Growth ETF (CGGR) has about $4.64 billion in total assets. Micron comprises roughly 0.4% of the fund’s total holdings.
Is Micron a Public Company?
Micron is a public company that trades on the Nasdaq under the ticker symbol MU. The company was founded in October 1978 and went public in 1984.
Who Owns Micron Technology?
Micron is a public company. The company’s shares are mainly held by large institutions. As of November 2023, the top three corporate owners are Vanguard, BlackStreet, and Capital Research Group Investors. The top three individual owners are members of the company’s management team: Sanjay Mehrotra, Manish H. Bhatia, and Sumit Sadana.
Are Tech Companies a Safe Investment?
The technology sector can be a major investment opportunity for different types of investors. This industry is characterized by major research and development (R&D), growth, and the manufacturing of products and services that are key to other sectors. In fact, virtually every part of the economy depends on the tech sector. But it doesn’t come without risks. Investors should be aware that tech companies face tough competition, government regulations, and economic factors, such as interest rates, consumer spending, and demand.
The Bottom Line
Micron manufactures products for use in computers, networks, data centers, and vehicles. Three of the top individual shareholders are company executives and the top three institutional shareholders allow companies and individuals to invest in Micron indirectly through their exchange-traded funds.