TLDR
- Micron executive Manish Bhatia sold 26,623 shares worth $10.4 million on January 22, missing out on higher gains as stock rallied to record levels.
- Chief Legal Officer Michael Charles Ray sold 10,468 shares for $5.02 million on January 27 through a pre-arranged trading plan.
- Micron shares jumped over 30% in January, hitting an all-time high of $444.71 on January 30.
- Positive semiconductor earnings from Seagate, Texas Instruments, ASML, and SK Hynix drove the rally on AI demand optimism.
- Analysts raised Micron price targets up to $500, expecting memory-chip shortages to continue supporting prices and margins.
Micron Technology insiders cashed out millions in stock this month. The timing left money on the table as shares climbed to record highs.
Executive vice president Manish Bhatia sold 26,623 shares on January 22. His six transactions generated $10.4 million at prices from $388.41 to $395.90 per share.
The shares included 14,640 restricted stock units vested between 2024 and 2025. Another 11,983 performance units from the company’s equity incentive plan rounded out the sale.
Bhatia still holds 323,486 shares directly. That stake was worth roughly $141 million at Wednesday’s closing price.
Chief Legal Officer Michael Charles Ray also sold shares recently. His January 27 transaction moved 10,468 shares for $5.02 million under a Rule 10b5-1 trading plan.
Ray’s sale prices ranged from $401.16 to $415.65 per share. He maintains direct ownership of 74,675 shares.
Rally Continues After Executive Sales
Micron stock climbed more than 30% since January began. The shares first topped $400 on January 23, one day after Bhatia’s sales.
The momentum accelerated through the month. Wednesday saw shares close at a record $435.28.
Thursday brought another milestone with an intraday peak of $444.71. The stock keeps pushing into uncharted territory.
Chip Sector Earnings Fuel Momentum
Multiple semiconductor companies delivered strong results on January 28. Texas Instruments, ASML Holding, and SK Hynix issued upbeat guidance pointing to AI demand recovery.
Seagate Technology posted solid earnings the same day. The storage company’s performance added fuel to the sector rally.
Micron produces memory and storage products used in smartphones and computers. The company has established itself as a major supplier of high-bandwidth memory for AI servers.
This positions Micron to benefit from continued AI infrastructure expansion. The company’s products power the data centers driving artificial intelligence applications.
Analysts Boost Price Targets
Wall Street analysts increased their Micron forecasts following recent developments. HSBC raised its price target to $500 based on accelerating DRAM price growth.
Mizuho established a $480 target citing strong pricing conditions in both DRAM and NAND markets. TD Cowen moved its target to $450 as memory market shortages worsen.
Stifel lifted its price objective to $360. The firm highlighted how AI cloud infrastructure growth creates DRAM shortages by absorbing available supply.
Micron’s December earnings call emphasized favorable market dynamics. Management expects substantial memory-chip shortages to persist well into the future.
These supply constraints could maintain elevated prices and healthy profit margins. The company ranked among the S&P 500’s top performers in 2025 alongside Western Digital and Seagate.
Micron also plans to expand manufacturing capacity in Singapore. The new investment will concentrate on NAND flash memory production capabilities.
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