Stock market today: S&P 500 falls as government shutdown, trade jitters persist
Micron Technology Inc (NASDAQ:MU) President and CEO Sanjay Mehrotra sold 14,930 shares of common stock on September 18 and 19, 2025, for a total value of $2,442,558. The sales occurred at prices ranging from $159.73 to $170.18, near the stock’s 52-week high of $170.45. The semiconductor giant, now valued at $184.6 billion, has seen its shares surge nearly 94% year-to-date, according to InvestingPro data.
The transactions are detailed in a Form 4 filing with the Securities and Exchange Commission. Following the sales, Mehrotra directly owns 325,148 shares of Micron Technology. He also indirectly owns 675,000 shares held in grantor retained annuity trusts (GRATs) for the benefit of himself and his family. With the company maintaining a GREAT financial health score and its earnings report due on September 23, investors can access detailed analysis and 14 additional key insights through InvestingPro’s comprehensive research report.
The sales were executed under a Rule 10b5-1 trading plan adopted on August 8, 2024.
The filing was signed by Mai Lan Bui, Attorney-in-fact, on September 22, 2025.
In other recent news, Micron Technology is drawing attention ahead of its upcoming earnings report, with several analysts updating their ratings and price targets. Rosenblatt Securities reaffirmed a Buy rating with a $200.00 price target, expecting Micron to surpass its previous earnings figures and provide strong guidance for the November quarter. Stifel also maintained a Buy rating while increasing its price target to $173.00, citing a rise in data storage demand from major customers. Similarly, TD Cowen raised its price target for Micron to $180, highlighting positive market trends for the memory chip maker. Piper Sandler reiterated an Overweight rating with a $165.00 price target, though it expressed caution about high expectations due to recent stock momentum. In contrast, Wells Fargo noted potential competition from Samsung, which has qualified its HBM3E memory for use by NVIDIA, possibly impacting Micron. These developments suggest a mix of optimism and caution among analysts regarding Micron’s performance in the near term.
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