Home News Major shareholders of Micron

Major shareholders of Micron

by SuperiorInvest

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 products are used in personal computers, networks, data centers and the automotive industry.

Micron's major shareholders are Sanjay Mehrotra, Manish H. Bhatia, Sumit Sadana, Vanguard Group, BlackRock (BLK) and Capital Research Global Investors.

The company's net income and revenue in the trailing 12 months were -$6.87 billion and $21.4 billion, respectively. This information is current as of November 30, 2023.

We discuss 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 major individual shareholders of the company are Sanjay Mehrotra, Manish H. Bhatia and Sumit Sadana.
  • Its main institutional shareholders are Vanguard Group, BlackRock and Capital Research Global Investors.

The 3 main individual privileged shareholders

The following people are the three largest shareholders of Micron. Please note that these figures include the total direct shares they own 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 the president and chief executive officer (CEO) of Micron. Before joining the company in 2017, he spent nearly three decades at SanDisk, which he co-founded in 1988. He helped build 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, which is 0.03% of the company's total outstanding shares.

Bhatia is executive vice president of Micron's global operations division. He oversees the company's global manufacturing facility footprint, back-end assembly and testing operations, supply chain planning and compliance, procurement, quality, and IT teams.

Before joining Micron in 2017, Bhatia was executive vice president of Silicon Operations at Western Digital (WDC), a hard drive manufacturer and data storage company. Prior to that, he held various executive positions at SanDisk, which was acquired by Western Digital.

Sumit Sadana

Sumit Sadana owns 270,939 Micron shares, representing approximately 0.02% of the company's outstanding shares.

Sadana joined Micron in 2017 and is the company's executive vice president and chief commercial officer. As such, she is responsible for the company's business units. This includes forming and maintaining partnerships with clients.

He has more than three decades of experience in the technology industry. He has worked for major companies such as SanDisk, Freescale Semiconductor and IBM before joining 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 shares. In this context, it has nothing to do with insider trading.

The 3 main institutional shareholders

The top three institutional shareholders own about 22% of Micron's total outstanding shares.

Vanguard Group

Vanguard Group owns 91.56 million Micron shares, representing 8.3% of the total shares outstanding.

The company is primarily a mutual fund and exchange-traded fund (ETF) management company with around $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 approximately $408.12 billion in assets under management. Micron comprises approximately 0.2% of VOO's holdings.

Black Rock

BlackRock owns 86.06 million Micron shares, representing approximately 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 assets under management.

The iShares Core S&P 500 ETF (IVV) is among one of BlackRock's largest ETFs with approximately $436.30 billion in assets under management. Micron represents almost 0.2% of IVV's holdings.

Global Equity Research Investors

Capital Research Global Investors owns about 64.75 million Micron shares. This is approximately 5.87% of Micron's total outstanding shares.

The company primarily focuses on financial services and investment management services with around $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 approximately 0.4% of the fund's total holdings.

Is Micron a public company?

Micron is a public company listed on the Nasdaq under the 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 in the hands of 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 technology companies a safe investment?

The technology sector can be a great investment opportunity for different types of investors. This industry is characterized by significant research and development (R&D), growth and manufacturing of products and services that are key to other sectors. In fact, practically all sectors of the economy depend on the technology sector. But this is not without risks. Investors should be aware that technology companies face stiff 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 largest individual shareholders are company executives, and the three largest institutional shareholders allow companies and individuals to invest in Micron indirectly through their exchange-traded funds.

Source Link

Related Posts