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Micron Technology EVP Arnzen sells $1.87m in stock

Published 26/06/2025, 23:20
© Reuters
MU
-0.42%

April S. Arnzen, Executive Vice President and Chief People Officer at Micron Technology Inc (NASDAQ:MU), sold 15,000 shares of common stock on June 24, 2025, according to a recent SEC Form 4 filing. The shares were sold at a weighted average price of $125.12, resulting in a total transaction value of $1,876,800. The transaction comes as Micron, now valued at $140.66 billion, has seen its stock surge nearly 50% year-to-date, with InvestingPro data indicating overbought conditions.

The sales were executed in multiple transactions with prices ranging from $125.105 to $125.35 per share. Following the reported transaction, Arnzen directly owns 148,167 shares of Micron Technology.

The sales were conducted under a Rule 10b5-1 trading plan adopted on October 17, 2024.

In other recent news, Micron Technology has seen a series of positive developments. The company reported fiscal third-quarter results that exceeded expectations, leading Stifel to raise its price target from $130 to $145 while maintaining a Buy rating. CFRA also increased its price target to $155 from $117, citing Micron’s growing high-bandwidth memory (HBM) exposure and potential gross margin expansion. Baird and Rosenblatt both raised their price targets to $200, highlighting accelerated HBM market share gains and strong demand for DRAM products driven by artificial intelligence applications. Baird noted that Micron’s execution and growth outlook in HBM and low-power DRAM are transformational for the company. Additionally, Micron launched its 9th-generation QLC SSD, which offers performance rivaling TLC drives, and is now shipping to OEMs globally. This new product is designed to meet the increasing storage performance demands of AI-driven applications and everyday computing tasks. These recent developments underscore Micron’s strategic positioning in high-growth memory segments supporting data center and AI infrastructure.

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