Micron Technology, Inc. $MU is Cornerstone Select Advisors LLC's Largest Position

Cornerstone Select Advisors LLC raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,227 shares of the semiconductor manufacturer's stock after acquiring an additional 1,133 shares during the quarter. Micron Technology makes up 6.9% of Cornerstone Select Advisors LLC's investment portfolio, making the stock its largest holding. Cornerstone Select Advisors LLC's holdings in Micron Technology were worth $16,422,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after purchasing an additional 976 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock valued at $435,000 after buying an additional 628 shares during the last quarter. United Bank acquired a new stake in Micron Technology in the 2nd quarter valued at approximately $236,000. Schnieders Capital Management LLC. increased its position in Micron Technology by 67.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock worth $2,093,000 after buying an additional 6,867 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Micron Technology by 5.6% during the second quarter. Sei Investments Co. now owns 405,545 shares of the semiconductor manufacturer's stock worth $49,987,000 after buying an additional 21,619 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the transaction, the director owned 17,728 shares in the company, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 217,179 shares of company stock valued at $220,582,211. Insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on MU. Seaport Research Partners reaffirmed a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. Morgan Stanley boosted their price objective on Micron Technology from $1,050.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. TD Cowen reissued a "buy" rating on shares of Micron Technology in a report on Friday, July 10th. Finally, Citigroup dropped their price objective on shares of Micron Technology from $1,400.00 to $1,150.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $1,258.84.

Micron Technology News Roundup

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

• Positive Sentiment: Memory prices are expected to rise substantially this quarter, with some reports pointing to increases of as much as 50%. A shortage of DRAM and high-bandwidth memory (HBM), driven by AI data-center demand, supports Micron’s pricing power and margins. Why Micron Will Miss Out on a 50% Rise in Memory Prices
• Positive Sentiment: Analyst sentiment remains bullish. BMO initiated coverage with an “outperform” rating and a $1,300 target, while Mizuho retained “outperform” after reducing its target from $1,375 to $1,300. The target reductions temper enthusiasm slightly, but still imply substantial upside from the reference price. Finance giant sets aggressive Micron stock target after earnings
• Positive Sentiment: Commentary continues to support the long-term AI memory thesis. Micron’s recent quarterly results showed revenue of approximately $41.5 billion, up more than 345% year over year, while long-term supply agreements provide demand visibility amid constrained capacity. Micron Technology Stock Opinions on Q3 Earnings and AI Demand Strength
• Neutral Sentiment: Micron opened a 60,000-square-foot Boise training center and expanded its apprenticeship pipeline, supporting the workforce needed for its planned U.S. manufacturing expansion. The initiative is strategically positive but unlikely to materially affect near-term earnings. Micron Opens State-of-the-Art Training Center
• Negative Sentiment: Investors remain concerned that Micron’s long-term contracts could limit its ability to fully capture a potential memory-price surge. The stock has also experienced a large rally, increasing valuation and profit-taking risks. Micron’s Long-Term Contracts Cap Memory-Boom Upside
• Negative Sentiment: Competitive and sector risks remain: reports that Apple could source memory from Chinese suppliers, a potential IPO by Chinese rival YMTC and broad semiconductor weakness pressured MU recently. Micron insiders have also reported selling shares without purchases, a potential confidence signal that investors may monitor. Why Are Micron, SK Hynix and SanDisk Stocks Falling?

Micron Technology Price Performance

Shares of MU stock opened at $932.97 on Wednesday. The stock has a 50-day moving average price of $961.71 and a 200 day moving average price of $705.45. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 21.12 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts' consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology's revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts expect that Micron Technology, Inc. will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, July 6th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology's payout ratio is currently 1.36%.

About Micron Technology

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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