1,247 Micron Technology, Inc. $MU Shares Sold by Cornerstone Enterprises LLC

Posted by George Bondi on Oct 17th, 2026

Cornerstone Enterprises LLC lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU – Free Report) by 38.3% during the third quarter, Holdings Channel.com reports. The fund owned 2,010 shares of the semiconductor manufacturer’s stock after selling 1,247 shares during the period. Micron Technology comprises 1.3% of Cornerstone Enterprises LLC’s investment 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.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bullseye Investment Management LLC bought a new position in shares of Micron Technology in the second quarter worth $27,000. Aventus Investment Advisors Inc. bought a new stake in Micron Technology during the third quarter worth about $30,000. Steph & Co. bought a new stake in Micron Technology during the third quarter worth about $31,000. Montgomery Financial Services LLC bought a new stake in Micron Technology during the second quarter worth about $38,000. Finally, JNBA Financial Advisors grew its stake in Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after buying an additional 17 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Key Micron Technology News

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

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. 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 firm’s stock in a transaction on 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 transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 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 insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MU. Rosenblatt Securities restated a “buy” rating and issued a $1,900.00 target price on shares of Micron Technology in a research report on Tuesday. President Capital increased their price target on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Read Our Latest Stock Analysis on Micron Technology

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $878.84 on Friday. The company’s 50 day moving average price is $985.88 and its two-hundred day moving average price is $861.24. The firm has a market capitalization of $994.34 billion, a P/E ratio of 11.84, a P/E/G ratio of 0.16 and a beta of 2.22. 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 released its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter last year, the business posted $3.03 EPS. Micron Technology’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities analysts forecast that Micron Technology, Inc. will post 177.03 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.15 per share. 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 payout ratio is presently 0.81%.

Micron Technology Profile

(Free Report)

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.