USA Financial Formulas Boosts Stake in Micron Technology

Hedge fund increases position in semiconductor manufacturer by $2.12 million

Mar. 29, 2026 at 11:24am

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USA Financial Formulas, a financial services firm, acquired a new stake in shares of Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter, according to a recent SEC filing. The firm purchased 7,417 shares of the semiconductor manufacturer's stock, valued at approximately $2,117,000.

Why it matters

Micron Technology is a major player in the memory chip and storage market, supplying components for data centers, mobile devices, and other electronics. USA Financial Formulas' increased investment signals confidence in Micron's growth potential and the firm's belief that the stock is undervalued.

The details

According to the filing, the new stake in Micron Technology comprises approximately 0.4% of USA Financial Formulas' portfolio, making it the 15th largest holding. The purchase comes as Micron has seen its stock price surge in recent months on strong demand for its products, particularly in the data center and automotive sectors.

  • USA Financial Formulas acquired the Micron Technology shares during the fourth quarter of 2025.

The players

USA Financial Formulas

A financial services firm that manages investment portfolios for clients.

Micron Technology, Inc.

A global semiconductor company that designs and manufactures memory and storage solutions for a wide range of computing and electronic devices.

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The takeaway

USA Financial Formulas' increased investment in Micron Technology suggests the firm sees long-term growth potential in the semiconductor manufacturer, despite some recent volatility in the stock price. This move aligns with broader analyst optimism around Micron's prospects in key markets like data centers and automotive.