Rep. Gilbert Ray Cisneros, Jr. Buys Micron Technology, Inc. (NASDAQ:MU) Stock

Posted by Nicole Kennedy on Mar 12th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Micron Technology, Inc. (NASDAQ:MU). In a filing disclosed on March 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Micron Technology stock on February 24th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Thermon Group (NYSE:THR) on 3/2/2026.
Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 3/2/2026.
Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 2/26/2026.
Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/24/2026.
Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/24/2026.
Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 2/24/2026.
Purchased $1,001 – $15,000 in shares of Champion Homes (NYSE:SKY) on 2/23/2026.
Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 2/23/2026.
Sold $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/20/2026.
Sold $1,001 – $15,000 in shares of The Descartes Systems Group (NASDAQ:DSGX) on 2/18/2026.

Micron Technology Trading Down 3.2%

Micron Technology stock traded down $13.34 during midday trading on Thursday, reaching $405.35. The stock had a trading volume of 31,373,716 shares, compared to its average volume of 35,802,504. Micron Technology, Inc. has a twelve month low of $61.54 and a twelve month high of $455.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. The firm has a market cap of $456.23 billion, a price-to-earnings ratio of 38.53 and a beta of 1.50. The firm’s fifty day simple moving average is $386.74 and its two-hundred day simple moving average is $268.56.

Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $1.01. The company had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company’s revenue was up 56.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 29th were paid a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.46 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 4.37%.

Institutional Investors Weigh In On Micron Technology

Several large investors have recently made changes to their positions in the company. REAP Financial Group LLC bought a new stake in Micron Technology in the third quarter worth $25,000. High Note Wealth LLC grew its stake in Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 34 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Micron Technology during the 3rd quarter worth $27,000. Elevation Wealth Partners LLC lifted its position in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. increased its position in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 96 shares during the period. Institutional investors own 80.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. TD Cowen lifted their target price on Micron Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Morgan Stanley upped their target price on Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Cantor Fitzgerald raised their price target on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Raymond James Financial boosted their price objective on shares of Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $383.21.

View Our Latest Stock Report on MU

Key Stories Impacting Micron Technology

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

Positive Sentiment: Multiple analyst upgrades and much-higher price targets lifted investor sentiment (Susquehanna, Wolfe Research, Citi and others raised targets, some into the $430–$525 range), supporting upside expectations. Micron (MU) Stock Surges as Wolfe Research Sets $500 Price Target on AI Memory Boom
Positive Sentiment: Quarterly results and guidance remain strong: record revenue, margins and EPS, high free cash flow, and management guidance showing continued profitable growth — HBM is reportedly sold out for 2026, tightening supply for high-margin AI memory. Micron’s Next Chapter Starts After Q2
Neutral Sentiment: Structural AI demand is a multi-year tailwind (DRAM/NAND tightness, HBM scarcity) — this supports longer-term upside but also raises expectations that are already reflected in the stock. Where Will Micron Stock Be in 2 Years?
Neutral Sentiment: High analyst targets imply more upside for some, but consensus targets remain more conservative; investors are balancing divergent price-targets and varying valuation views. Micron Price Prediction: One Wall Street Analyst Thinks MU Has 16% More Upside In 2026
Negative Sentiment: Profit-taking and rotation after an exceptional 12‑month rally (300%+) are pressuring the stock; some investors are locking gains after recent spikes. Why Micron Stock Is Sinking Today
Negative Sentiment: Broader short-term market/sector volatility (including an oil-market shock and related risk-off moves) has led to episodic selling in tech/semis, amplifying day-to-day swings in MU. Deleted Tweet From Energy Secretary Sends Oil Markets on Another Wild Ride

Insider Activity at Micron Technology

In other Micron Technology news, Director Teyin M. Liu acquired 11,600 shares of Micron Technology stock in a transaction dated Tuesday, January 13th. The stock was bought at an average cost of $337.07 per share, with a total value of $3,910,012.00. Following the completion of the transaction, the director owned 14,310 shares of the company’s stock, valued at $4,823,471.70. The trade was a 428.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the completion of the sale, the executive vice president owned 323,486 shares in the company, valued at approximately $126,495,965.44. The trade was a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. 0.24% of the stock is owned by corporate insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Micron Technology

(Get Free Report)

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.