Rep. Gilbert Ray Cisneros Jr. (D-CA) Sells MU Stock

Representative Gilbert Ray Cisneros Jr. sold shares of Micron Technology, Inc. (MU) on June 5, 2026, with the transaction valued between $1,001 and $15,000. The reported sale was disclosed on July 2, 2026, as part of the periodic transaction reports required under the STOCK Act. At the time of the sale, Micron's stock was trading at $892.58, down from $914.13 the previous day.

Inside Gilbert Ray Cisneros Jr.'s Trade

Cisneros, a Democrat representing California's 31st district in the House, sold an amount estimated at 8,000 shares. This sale is part of his ongoing stock transactions, reflecting his investment strategy.

Other Institutional Activity in Micron Technology

Several institutional investors also adjusted their positions in Micron Technology recently. Blackrock Inc. grew its holdings by 1,681,279 shares, ending with 104,827,219 shares worth about $92.6 billion. Vanguard Capital Management LLC added 519,296 shares, bringing its total to 73,659,544 shares valued at approximately $65.1 billion. Meanwhile, State Street Corporation reduced its stake by 2,162,676 shares, now holding 50,075,870 shares worth around $44.3 billion. Invesco Ltd. increased its position by 631,600 shares, totaling 36,315,240 shares valued at about $32.1 billion. Capital World Investors trimmed its holdings by 12,581,790 shares, ending with 29,469,646 shares worth around $26.0 billion.

Micron Technology, Inc. Stock Down 2.4%

Micron Technology's shares are currently trading at $892.58, which is significantly below its 52-week high of $1,255. The stock's performance is noteworthy as it remains above its 50-day moving average of $983.17, suggesting some resilience despite recent fluctuations.

Recent Earnings

Micron Technology reported revenue of $133.2 billion with a revenue growth rate of about 3.79%. The company had an EPS of $74.33 and a net margin of 63.8%. Its next earnings report is expected on December 23, 2026.

Analysts Set New Price Targets

On October 1, 2026, Mizuho maintained an Outperform rating with a price target of $1,400. Also on that date, Morgan Stanley reiterated its Overweight rating, maintaining a $1,200 price target. TD Cowen reiterated a Buy rating with a $1,600 target. The consensus recommendation for Micron Technology is a strong buy, with a mean target price of about $1,560.

About Micron Technology

Micron Technology, Inc. specializes in semiconductor memory and storage products, serving markets in the United States and internationally. The company operates through several business units, focusing on cloud and data center solutions, mobile and client products, and automotive applications. This strategic positioning allows Micron to tap into various growth sectors in the tech industry.

Bottom Line

Investors will be watching for future filings from Cisneros and other members of Congress. With Micron's earnings report due on December 23, 2026, market participants will be keen to see how the company's performance aligns with analyst expectations. Remember, this sale reflects holdings as of June 5, 2026, and may not represent current positions.