Sumitomo Mitsui DS Asset Management Company 13F: Adds $17M to MU Stake

Sumitomo Mitsui DS Asset Management Company boosted its stake in Micron Technology, Inc. (NASDAQ:MU) by 9.0% during the quarter, according to a Form 13F filing with the SEC on October 20, 2026. The institutional investor added 16,103 shares to bring its total holdings to 194,522 shares. The reported value of the position stood at about $207.2 million at the time of the filing.

MU Micron Technology, Inc.

$905.98 ▲ +187.44% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Sumitomo Mitsui DS Asset Management Company's Micron Technology Position

The firm expanded its investment in the semiconductor maker from 178,419 shares up to 194,522 shares. That 9.0% increase lifted the value of its holdings in the tech company well past the $200 million mark. Micron Technology closed at $905.98 on the filing date.

Other Institutional Activity in Micron Technology

Other large funds have adjusted their positions in the memory chip manufacturer recently as well. Primecap Management Company reduced its holdings by 2,657,819 shares, or 12.1%, ending the period with 192,172,360 shares worth about $17.2 billion.

Micron Technology, Inc. Stock Up 1.9%

Micron shares recently traded around $895.85 as of October 21, 2026, down about 1.1% from their $905.98 close on the filing date. The stock sits about 28.6% below its 52-week high of $1,255.00 and well above its 52-week low of $192.40. It trades below its 50-day moving average of $983.66 but remains above its 200-day moving average of $720.94. The company carries a market capitalization of roughly $1.02 trillion, a price-to-earnings ratio of 12.17, and a forward P/E of 4.37.

Recent Earnings

Micron reported trailing-twelve-month revenue of $133.19 billion and earnings of $74.33 per share. The company generated a net profit margin of 63.8% and a return on equity of 88.3%. Its next earnings report is scheduled for release on December 23, 2026.

Dividend

The company pays an annual dividend rate of $0.60 per share, giving investors a dividend yield of 0.07%. The dividend payout ratio sits at 0.7%.

Insider Buying and Selling at Micron Technology, Inc.

Company executives executed several stock sales prior to the filing. Chief Executive Officer Sanjay Mehrotra sold 31,285 shares valued at about $29.0 million on July 24, 2026. In a separate transaction on the same day, Mehrotra sold another 8,715 shares worth roughly $8.3 million. Officer Sumit Sadana sold 15,000 shares at an average price of $934.29 for a total of $14.0 million on August 18, 2026. Additionally, CEO Sanjay Mehrotra sold 40,000 shares valued at approximately $38.8 million on August 21, 2026.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock through October. Mizuho maintained an Outperform rating with a $1,400.00 price target on October 1, 2026, up from its previous target of $1,300.00. Morgan Stanley reiterated an Overweight rating and a $1,200.00 price target on the same day. TD Cowen kept a Buy rating and a $1,600.00 target on October 1, 2026. DA Davidson maintained a Buy rating on October 7, 2026, raising its target to $3,000.00 from $2,100.00. Rosenblatt maintained a Buy rating with a $1,900.00 target on October 13, 2026. The stock currently holds a consensus recommendation of strong buy from 46 analysts, with a mean price target of $1,560.57.

About Micron Technology

Headquartered in Boise, Idaho, Micron Technology builds semiconductor memory and storage solutions used across cloud data centers, mobile devices, client systems, and automotive applications. The company employs roughly 61,000 workers globally and operates specialized units focused on high-demand memory tech.

Bottom Line

Investors tracking Micron will look toward the upcoming earnings release on December 23, 2026, for updates on memory demand and profit margins. Institutional adjustments and insider transactions provide ongoing context on how major market participants view the stock's valuation.