Micron Technology (NASDAQ:MU) CEO Sanjay Mehrotra Sells 40,000 Shares

Key Points

• CEO Sanjay Mehrotra sold 40,000 Micron shares at an average price of $968.90, generating approximately $38.8 million. His remaining stake fell 13.14% to 264,503 shares.
• Micron’s latest quarterly results exceeded expectations, with $25.11 in adjusted EPS and $41.46 billion in revenue, up 345.8% year over year. The stock traded around $932.97, while its annualized dividend yield remained minimal at 0.1%.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and an average price target of $1,258.84. However, repeated insider selling, elevated valuation, long-term contract constraints and competitive risks could limit further gains.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report) CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sanjay Mehrotra also recently made the following trade(s):

• On Friday, July 24th, Sanjay Mehrotra sold 31,285 shares of Micron Technology stock. The shares were sold at an average price of $926.83, for a total value of $28,995,876.55.
• On Friday, July 24th, Sanjay Mehrotra sold 8,715 shares of Micron Technology stock. The stock was sold at an average price of $951.72, for a total value of $8,294,239.80.
• On Friday, June 26th, Sanjay Mehrotra sold 28,506 shares of Micron Technology stock. The shares were sold at an average price of $1,149.28, for a total value of $32,761,375.68.
• On Friday, June 26th, Sanjay Mehrotra sold 11,494 shares of Micron Technology stock. The stock was sold at an average price of $1,180.96, for a total transaction of $13,573,954.24.
• On Friday, May 29th, Sanjay Mehrotra sold 37,439 shares of Micron Technology stock. The shares were sold at an average price of $960.38, for a total transaction of $35,955,666.82.
• On Friday, May 29th, Sanjay Mehrotra sold 2,561 shares of Micron Technology stock. The stock was sold at an average price of $975.63, for a total value of $2,498,588.43.

Micron Technology Stock Up 2.5%

NASDAQ MU traded up $22.54 during midday trading on Tuesday, hitting $932.97. 19,050,339 shares of the company traded hands, compared to its average volume of 38,349,608. Micron Technology, Inc. has a 52 week low of $114.25 and a 52 week high of $1,255.00. The company's 50-day simple moving average is $961.71 and its 200-day simple moving average is $705.45. The company has a market cap of $1.05 trillion, a PE ratio of 21.12 and a beta of 2.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping analysts' consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the previous year, the company posted $1.91 earnings per share. The firm's revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts forecast that Micron Technology, Inc. will post 72.93 earnings per share for the current year.

Micron Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group reiterated a "buy" rating on shares of Micron Technology in a research note on Monday, August 10th. Morgan Stanley upped their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Barclays lifted their target price on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. DA Davidson upped their price target on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Finally, New Street Research upgraded shares of Micron Technology from a "neutral" rating to a "buy" rating and set a $1,250.00 price objective for the company in a research note on Friday, August 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Micron Technology currently has a consensus rating of "Buy" and a consensus price target of $1,258.84.

Hedge Funds Weigh In On Micron Technology

A number of large investors have recently added to or reduced their stakes in MU. Brighton Jones LLC lifted its stake in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after buying an additional 976 shares in the last quarter. Sivia Capital Partners LLC grew its position 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 acquiring an additional 628 shares in the last quarter. United Bank purchased a new position in shares of Micron Technology in the second quarter valued at approximately $236,000. Schnieders Capital Management LLC. grew its holdings in shares of Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock valued at $2,093,000 after purchasing an additional 6,867 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Micron Technology by 5.6% during the 2nd 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 period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

More Micron Technology News

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 Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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