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Mary Pat McCarthy, a director at Micron Technology Inc. (NASDAQ:MU), recently disclosed the sale of company stock valued at approximately $223,392. The transactions occurred on March 3, 2025, involving multiple sales of common stock at prices ranging from $90.18 to $95.58 per share. According to InvestingPro data, Micron, currently valued at $105.17 billion, appears undervalued based on its Fair Value analysis.
According to the filing, McCarthy executed these sales under a Rule 10b5-1 trading plan, which she adopted on November 6, 2024. Following these transactions, she retains ownership of 27,358 shares of Micron Technology. The company demonstrates strong financial health with a current ratio of 2.72 and moderate debt levels, as revealed by InvestingPro’s comprehensive analysis, which includes 8 additional key insights available to subscribers.
The sales were conducted in several batches, including 502 shares at a weighted average price of $90.18, 100 shares at $91.06, 600 shares at a weighted average price of $92.60, 500 shares at a weighted average price of $93.73, 602 shares at a weighted average price of $94.74, and 100 shares at $95.58. Each of these transactions was executed as part of a structured trading plan, ensuring compliance with regulatory guidelines. With analysts forecasting significant earnings growth and a favorable EPS forecast of $7.28 for FY2025, detailed analysis is available in the Pro Research Report on InvestingPro.
In other recent news, Micron Technology announced the completion of a $1 billion senior note offering with a 5.80% interest rate, due in 2035. The company plans to use the proceeds to redeem its outstanding 4.975% Senior Notes due 2026 and for general corporate purposes. Meanwhile, analysts from Raymond (NSE:RYMD) James and Citi have adjusted their outlooks for Micron, with both firms maintaining positive ratings despite anticipating a decline in fiscal third-quarter gross margins. Raymond James reiterated an Outperform rating with a $120 price target, while Citi kept a Buy rating with a $150 target. Both firms noted challenges in the DDR4 and NAND markets affecting margins but remain optimistic about Micron’s potential in High Bandwidth (NASDAQ:BAND) Memory (HBM). Micron’s recent updates on its HBM roadmap and expectations for a recovery in the DRAM market have been points of focus for analysts. Additionally, concerns about declining gross margins for the upcoming quarter were highlighted during a recent investor conference, contributing to market apprehension. These developments indicate ongoing financial adjustments and strategic initiatives by Micron Technology in response to current market conditions.
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