ReElement Technologies stock soars after securing $1.4B government deal
Micron Technology Inc (NASDAQ:MU) President and CEO Sanjay Mehrotra sold a total of $5.13 million in common stock on October 29 and 30, 2025. The sales involved multiple transactions with prices ranging from $221.68 to $231.45 per share.
The transactions, totaling 18,586 shares, were executed under a Rule 10b5-1 trading plan adopted on August 8, 2024. Specifically, on October 29, Mehrotra sold 8,968 shares at an average price of $230.23 and 2,930 shares at an average price of $231.45. On October 30, he sold 527 shares at an average price of $221.68, 596 shares at an average price of $223.04, 1,131 shares at an average price of $224.30, 3,225 shares at an average price of $225.05, 4,911 shares at an average price of $226.14 and 212 shares at an average price of $226.79.
In addition, on October 29, Mehrotra made a gift of 10,000 shares.
Following these transactions, Mehrotra directly owns 409,078 shares of Micron Technology Inc. He also indirectly owns 675,000 shares held in grantor retained annuity trusts (GRATs) for the benefit of himself and his family.
In other recent news, Micron Technology’s earnings and revenue prospects have been highlighted by UBS, which raised its price target for the company to $245, citing robust demand and DRAM supply shortages. UBS projects Micron’s earnings per share could approach $30 by 2026. Meanwhile, Micron has begun sampling its new 192GB SOCAMM2 modules for AI data centers, offering 50% more capacity than previous models and improved power efficiency. In industry developments, SK Hynix’s strong quarterly report suggests an accelerating memory market upcycle, with plans to boost investment to address expected shortages. However, competition is intensifying as Samsung reportedly plans to cut prices for high-bandwidth memory chips by about 30%, aiming to regain market share. Additionally, Micron announced the retirement of board members Richard M. Beyer and Mary Pat McCarthy, effective January 2026. These recent developments reflect the dynamic nature of the semiconductor industry and Micron’s strategic positioning within it.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.