Steadview Capital Management LLC Purchases New Stake in Micron Technology, Inc. $MU

Steadview Capital Management LLC acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 24,245 shares of the semiconductor manufacturer’s stock, valued at approximately $27,986,000. Micron Technology makes up 8.4% of Steadview Capital Management LLC’s holdings, making the stock its 5th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems acquired a new stake in shares of Micron Technology in the 2nd quarter worth $46,000. RHL Group LLC purchased a new position in shares of Micron Technology during the 2nd quarter worth $47,000. Signature Resources Capital Management LLC boosted its position in shares of Micron Technology by 1,125.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 49 shares of the semiconductor manufacturer’s stock valued at $57,000 after acquiring an additional 45 shares during the last quarter. Davis Capital Management boosted its position in shares of Micron Technology by 510.0% during the 2nd quarter. Davis Capital Management now owns 61 shares of the semiconductor manufacturer’s stock valued at $70,000 after acquiring an additional 51 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Micron Technology during the 1st quarter valued at about $27,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 177,179 shares of company stock worth $181,826,211. Insiders own 0.24% of the company’s stock.

Trending Headlines about Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: $10 billion research commitment: Micron unveiled Micron Research Labs in Boise, backed by a planned $10 billion investment over the next decade. The facility will focus on memory, advanced packaging, computing systems and future semiconductor manufacturing, potentially strengthening Micron’s position in AI infrastructure. Micron Research Labs announcement
• Positive Sentiment: Strong AI demand outlook: CEO Sanjay Mehrotra said AI has fundamentally changed the traditional boom-and-bust memory cycle and that AI systems cannot scale without memory. Tight supply and demand for high-bandwidth memory, server DRAM and data-center products remain key bullish catalysts. Micron CEO AI demand comments
• Positive Sentiment: Upbeat analyst coverage: BMO Capital Markets initiated coverage with an “outperform” rating and a $1,300 price target. Separately, D.A. Davidson analyst Gil Luria reportedly raised his target to $2,000, keeping a Buy rating. These forecasts suggest analysts expect AI-driven memory pricing and earnings to support further gains. Micron price target commentary
• Positive Sentiment: Positive sector momentum: Strong demand and SK hynix’s $28.6 billion buyback are supporting confidence across memory stocks. Investors are also watching Nvidia’s upcoming earnings for evidence that AI infrastructure spending remains robust. Nvidia and Micron AI outlook
• Neutral Sentiment: Long-term expansion versus execution risk: Micron’s broader $50 billion Idaho manufacturing buildout should increase U.S. capacity and support future growth, but the scale of the spending raises capital-allocation, construction and execution risks.
• Negative Sentiment: Valuation and cyclicality concerns: Commentary warns that Micron’s record revenue has been driven primarily by higher memory prices rather than substantial shipment growth. Bears argue that memory remains cyclical and that AI optimism may already be reflected in the stock’s substantial prior rally. Micron memory price analysis
• Negative Sentiment: Market and analyst pressure: Rising Treasury yields have weighed on growth stocks, while Zacks Research downgraded Micron from “strong buy” to “hold.” Michael Burry’s warning that AI infrastructure may contain excessive leverage adds to broader sector risk.
• Negative Sentiment: Insider and institutional selling: EVP Sumit Sadana sold 15,000 shares for approximately $14 million, and Stanley Druckenmiller’s fund reportedly exited Micron during the second quarter. Neither transaction necessarily signals deteriorating fundamentals, but both can reinforce profit-taking concerns after the sharp advance. Micron insider sale
• Negative Sentiment: No near-term buyback: Micron is prioritizing large investments and cannot immediately match rivals’ aggressive repurchases, reducing a potential source of near-term shareholder support. Micron buyback analysis

Analyst Ratings Changes

Several equities research analysts recently issued reports on MU shares. Zacks Research cut shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. TD Cowen reiterated a “buy” rating on shares of Micron Technology in a report on Friday, July 10th. Erste Group Bank raised shares of Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Rosenblatt Securities raised their price target on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology currently has an average rating of “Buy” and a consensus target price of $1,261.26.

Micron Technology Stock Down 0.8%

Shares of NASDAQ:MU opened at $966.78 on Friday. The business has a 50-day moving average price of $967.02 and a 200 day moving average price of $696.28. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 21.89 and a beta of 2.18. Micron Technology, Inc. has a 12-month low of $114.25 and a 12-month high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same period in the previous year, the firm earned $1.91 EPS. Micron Technology’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.