Cornerstone Investment Partners LLC Raises Stake in Micron Technology, Inc. $MU

Cornerstone Investment Partners LLC raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 773,768 shares of the semiconductor manufacturer’s stock after buying an additional 12,061 shares during the quarter. Micron Technology comprises 4.2% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 5th largest holding. Cornerstone Investment Partners LLC’s holdings in Micron Technology were worth $95,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in Micron Technology by 18.3% in 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. Stratos Wealth Advisors LLC raised its position in shares of Micron Technology by 9.0% during the first quarter. Stratos Wealth Advisors LLC now owns 8,944 shares of the semiconductor manufacturer’s stock valued at $777,000 after buying an additional 736 shares during the last quarter. Silverlake Wealth Management LLC lifted its stake in shares of Micron Technology by 20.5% in the first quarter. Silverlake Wealth Management LLC now owns 3,298 shares of the semiconductor manufacturer’s stock valued at $287,000 after buying an additional 562 shares during the period. Greenleaf Trust grew its position in Micron Technology by 4.7% during the first quarter. Greenleaf Trust now owns 33,268 shares of the semiconductor manufacturer’s stock worth $2,891,000 after buying an additional 1,493 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in Micron Technology by 7.5% during the first quarter. Rehmann Capital Advisory Group now owns 3,361 shares of the semiconductor manufacturer’s stock worth $292,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MU shares. Cantor Fitzgerald upped their price target on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Weiss Ratings upgraded Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. Wells Fargo & Company raised their target price on Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Bank of America lifted their price target on shares of Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 24th. Finally, Barclays increased their price objective on shares of Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $202.79.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $238.33 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The business’s fifty day moving average price is $178.95 and its two-hundred day moving average price is $132.25. Micron Technology, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $246.41. The stock has a market capitalization of $267.52 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the company earned $1.18 EPS. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology’s payout ratio is 6.06%.

Insiders Place Their Bets

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 397,256 shares of company stock valued at $82,321,039 over the last quarter. 0.30% of the stock is owned by insiders.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.