EU and US could reach trade deal this weekend - Reuters
Scott J. Deboer, Executive Vice President, CTO and Products Officer at Micron Technology INC (NASDAQ:MU), a prominent semiconductor company with a market capitalization of $140.66 billion, sold 20,000 shares of common stock on June 24, 2025, at a price of $125.11, for a total transaction value of $2,502,200. The transaction comes amid a strong 40% surge in share price over the past six months, with InvestingPro analysis indicating the stock is trading near its Fair Value.
Following the transaction, Deboer directly owns 166,353 shares of Micron Technology INC.
The sale was executed under a Rule 10b5-1 trading plan adopted on October 31, 2024. The transaction was signed off by Mai Lan Bui, Attorney-in-fact, on June 26, 2025.
In other recent news, Micron Technology has reported better-than-expected quarterly results, prompting several analyst firms to raise their price targets. CFRA increased its price target to $155, citing Micron’s growing exposure to high-bandwidth memory and potential gross margin expansion. Similarly, Stifel raised its target to $145, acknowledging strong third-quarter results and a favorable outlook for the fourth quarter. Baird and Rosenblatt both set their new price targets at $200, highlighting Micron’s strategic positioning in the high-bandwidth memory market and the increasing demand for DRAM products driven by artificial intelligence applications.
Micron’s launch of the 2600 NVMe SSD featuring 9th-generation QLC NAND technology is another significant development. The new SSD aims to deliver performance comparable to TLC drives while maintaining QLC economics, targeting OEM clients with its high-speed capabilities. Industry partners like AMD (NASDAQ:AMD) and Intel (NASDAQ:INTC) have expressed support for this new technology, which is expected to enhance system responsiveness and data access for AI-driven applications. Micron’s strategic moves in expanding its U.S. production and its focus on high-growth memory segments are seen as potential competitive advantages amid global market dynamics.
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