Cornerstone Investment Partners LLC Trims Stock Position in Micron Technology, Inc. $MU

Key Points

• Cornerstone Investment Partners trimmed its Micron stake by 27.8% in Q4, selling 183,757 shares and leaving 477,587 shares valued at $136.3 million, which represents about 5.3% of the fund and its second-largest holding.
• Micron raised its quarterly dividend to $0.15 (annualized $0.60) from $0.12, a yield of roughly 0.1% and a dividend payout ratio of 2.83%.
• Insiders sold 89,000 shares (about $34.8M) over the last quarter—including EVPs selling 40,000 and 24,000 shares in April—and short interest has risen to ~36.3M shares (~3.2%), indicating potential near-term volatility.

Cornerstone Investment Partners LLC lessened its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 27.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 477,587 shares of the semiconductor manufacturer's stock after selling 183,757 shares during the quarter. Micron Technology makes up approximately 5.3% of Cornerstone Investment Partners LLC's holdings, making the stock its 2nd biggest holding. Cornerstone Investment Partners LLC's holdings in Micron Technology were worth $136,308,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Round Rock Advisors LLC boosted its stake in shares of Micron Technology by 0.6% in the 4th quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer's stock valued at $1,237,000 after purchasing an additional 25 shares during the last quarter. Manuka Financial LLC boosted its stake in shares of Micron Technology by 2.3% in the 4th quarter. Manuka Financial LLC now owns 1,243 shares of the semiconductor manufacturer's stock valued at $355,000 after purchasing an additional 28 shares during the last quarter. Omnia Family Wealth LLC boosted its stake in shares of Micron Technology by 2.1% in the 4th quarter. Omnia Family Wealth LLC now owns 1,464 shares of the semiconductor manufacturer's stock valued at $418,000 after purchasing an additional 30 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Micron Technology by 16.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 224 shares of the semiconductor manufacturer's stock valued at $64,000 after purchasing an additional 32 shares during the last quarter. Finally, Sunflower Bank N.A. boosted its stake in shares of Micron Technology by 2.1% in the 4th quarter. Sunflower Bank N.A. now owns 1,668 shares of the semiconductor manufacturer's stock valued at $476,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 80.84% of the company's stock.

Micron Technology Stock Performance

Shares of MU stock opened at $496.72 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company has a market capitalization of $560.17 billion, a P/E ratio of 23.45 and a beta of 1.60. The company's 50 day moving average price is $413.83 and its two-hundred day moving average price is $329.29. Micron Technology, Inc. has a 52 week low of $73.50 and a 52 week high of $506.99.

Micron Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. Micron Technology's dividend payout ratio is 2.83%.

Insider Buying and Selling

In other news, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 89,000 shares of company stock worth $34,755,250 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on MU shares. Rosenblatt Securities reissued a "buy" rating and set a $500.00 price objective on shares of Micron Technology in a research note on Monday, March 16th. The Goldman Sachs Group lifted their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the stock a "neutral" rating in a research note on Thursday, March 19th. Citigroup reduced their price objective on shares of Micron Technology from $510.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, March 31st. Barclays lifted their price objective on shares of Micron Technology from $450.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, March 19th. Finally, William Blair started coverage on shares of Micron Technology in a research note on Thursday, January 22nd. They set an "outperform" rating on the stock. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $464.61.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Bull case: analysts and commentators point to an AI memory surge, improving pricing power and a lower relative valuation that make MU a standout amid accelerating demand and margins. Zacks: One AI Stock Outpacing NVIDIA & Palantir
• Positive Sentiment: Supply-side bullishness: reports that long-term contracts are tightening AI memory supply helped lift sentiment — a near-term catalyst for pricing and revenue visibility. Yahoo: Why Micron Is Up After AI Memory Supply Tightens
• Positive Sentiment: Sector momentum: the semiconductor ETF (SOXX) logged an extended winning streak, reinforcing risk-on flows into memory names including Micron. Benzinga: SOXX 17-Day Win Streak
• Positive Sentiment: Industry narratives: multiple pieces highlight Micron as an “AI bottleneck” beneficiary and a structural winner as HBM demand explodes, supporting longer-term revenue and margin upside. 247wallst: 2 'AI Bottleneck Stocks'
• Neutral Sentiment: Data anomaly: an April 24 short-interest entry shows 0 shares (likely a reporting glitch); treat that specific figure as unreliable until exchanges update filings. (Internal short-interest data)
• Neutral Sentiment: Some analysts/questions note the rally’s stretch and ask whether structural revaluation is fully priced — useful context for risk management even as fundamentals improve. Seeking Alpha: Rally Is Missing Bigger Shift
• Negative Sentiment: Rising short interest: as of April 15 short positions rose to ~36.3M shares (about 3.2% short; days-to-cover ~0.8), a ~15.9% increase from March — more shorting can add selling pressure or volatility if momentum stalls.
• Negative Sentiment: Competitor surprise: SK Hynix reported a very strong quarter, and at one point Micron didn’t capture the same early-day lift — competitor results can create intra-sector rotation and short-term volatility for MU. Yahoo: SK Hynix Posts 400% Profit Rise

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.

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