Ameriprise Financial Inc. Boosts Stake in Micron Technology, Inc.

Institutional investor increases holding in semiconductor manufacturer by 11.6% in Q3

Mar. 17, 2026 at 7:08am

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Ameriprise Financial Inc., a major institutional investor, increased its stake in Micron Technology, Inc. (NASDAQ:MU) by 11.6% in the third quarter, according to a recent SEC filing. The firm now owns 1,773,487 shares of the semiconductor manufacturer's stock, valued at $296,896,000.

Why it matters

Ameriprise's increased investment in Micron Technology signals confidence in the semiconductor company's prospects, particularly as it continues to see strong demand for its memory and storage products in areas like data centers and AI. This could be a positive indicator for Micron's future performance.

The details

According to the filing, Ameriprise Financial purchased an additional 184,822 shares of Micron Technology during the third quarter, bringing its total ownership to approximately 0.16% of the company. Micron Technology is a global semiconductor firm that designs and manufactures memory and storage solutions for a wide range of computing and electronic devices.

  • Ameriprise Financial increased its stake in Micron Technology during the third quarter of 2026.

The players

Ameriprise Financial Inc.

A major institutional investor and financial services firm that manages over $1 trillion in assets.

Micron Technology, Inc.

A global semiconductor company that designs and manufactures memory and storage solutions for data centers, enterprise, cloud infrastructure, client computing, mobile devices, automotive systems, and industrial applications.

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The takeaway

Ameriprise Financial's increased stake in Micron Technology suggests the institutional investor sees continued growth potential in the semiconductor company, particularly as demand for its memory and storage products remains strong across key end markets like data centers and AI.