Cornerstone Enterprises LLC Sells 1,247 Shares of Micron Technology, Inc. $MU

Key Points

• Cornerstone Enterprises LLC reduced its Micron Technology stake by 38.3% in the third quarter, selling 1,247 shares and retaining 2,010 shares valued at approximately $2.14 million. Institutional investors and hedge funds collectively own 80.84% of Micron.
• Micron reported quarterly EPS of $33.42, beating expectations of $31.77, while revenue reached $54.23 billion, up 379.1% year over year and above consensus estimates.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,407.88, although risks include potential memory oversupply, Chinese competition and broader pressure on AI-related technology stocks.

Cornerstone Enterprises LLC cut its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 38.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,010 shares of the semiconductor manufacturer's stock after selling 1,247 shares during the quarter. Micron Technology makes up 1.3% of Cornerstone Enterprises LLC's portfolio, making the stock its 18th largest position. Cornerstone Enterprises LLC's holdings in Micron Technology were worth $2,141,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MU. Bullseye Investment Management LLC acquired a new position in Micron Technology during the second quarter valued at approximately $27,000. Aventus Investment Advisors Inc. bought a new position in Micron Technology in the third quarter valued at approximately $30,000. Steph & Co. acquired a new position in shares of Micron Technology during the 3rd quarter worth approximately $31,000. Montgomery Financial Services LLC acquired a new position in shares of Micron Technology during the 2nd quarter worth approximately $38,000. Finally, JNBA Financial Advisors increased its position in shares of Micron Technology by 77.3% during the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer's stock worth $45,000 after purchasing an additional 17 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

Shares of MU opened at $878.84 on Friday. The firm has a market capitalization of $994.34 billion, a PE ratio of 11.84, a PEG ratio of 0.16 and a beta of 2.22. The company's 50-day moving average is $985.88 and its 200-day moving average is $861.24. Micron Technology, Inc. has a fifty-two week low of $192.40 and a fifty-two week high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same period last year, the business posted $3.03 earnings per share. The business's revenue for the quarter was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts forecast that Micron Technology, Inc. will post 177.03 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. Micron Technology's dividend payout ratio is currently 0.81%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $1,900.00 target price on shares of Micron Technology in a research note on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $1,650.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Wedbush reiterated an "outperform" rating and issued a $1,400.00 price target on shares of Micron Technology in a research note on Monday, September 28th. Morgan Stanley reissued an "overweight" rating and issued a $1,200.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Finally, New Street Research upgraded shares of Micron Technology from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $470.00 to $1,250.00 in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,407.88.

Insider Buying and Selling at Micron Technology

In other news, CAO Scott R. Allen sold 879 shares of the business's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value 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 approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the company's stock in a transaction dated 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 in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,879 shares of company stock valued at $90,939,466 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron’s long-term outlook remains supported by tight memory supply and robust AI demand. Analysts and commentators point to expanding margins, pricing strength, high-bandwidth memory (HBM) growth, and management’s expectation that supply constraints could persist through 2028. Micron: Why You Should Buy Before Dec'26
• Positive Sentiment: Recent results exceeded expectations: fiscal fourth-quarter revenue reached approximately $54.2 billion, above the high end of management’s outlook, while full-year revenue reportedly rose to about $133.2 billion. Supporters also cite long-term customer agreements, price floors, potential share repurchases under Micron’s $35 billion authorization, and continued investment in U.S. manufacturing. Micron Stock Is 25% Below Its June Record
• Positive Sentiment: ASML’s comments that demand for advanced chipmaking equipment exceeds supply through 2028 are viewed as favorable for Micron, a major ASML customer developing next-generation HBM products. Micron also pledged $50 million to U.S. memory research, reinforcing its domestic technology and supply-chain strategy. ASML Just Delivered Excellent News for Micron Stock Investors
• Neutral Sentiment: Several analysts continue to describe the retreat as a potential buying opportunity, citing Micron’s valuation and earnings growth. However, bullish price targets depend on memory demand remaining strong and the current pricing cycle lasting longer than expected.
• Negative Sentiment: Investors remain concerned that CXMT’s progress in DDR5, LPDDR5X, and server memory could pressure pricing and market share, particularly in conventional memory. A possible industry oversupply later this decade adds to the cyclical risk. Memory stocks are getting hammered
• Negative Sentiment: The broader AI trade is under pressure as investors question whether data-center spending can generate adequate returns and whether highly leveraged “neocloud” companies can remain viable. Higher inflation and the prospect of additional interest-rate increases are also encouraging rotation away from expensive technology stocks.
• Negative Sentiment: One senior executive sold 6,328 Micron shares on October 14. The transaction appears isolated and is small relative to the company, but it adds a modest negative signal during an already weak trading period. Monster insider trading alert for Micron stock

Micron Technology Company Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.

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