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Micron Technology (NASDAQ:MU), a prominent player in the semiconductor industry with a market capitalization of $135 billion, saw its Executive Vice President and Chief Business Officer Sumit Sadana sell 92,638 shares of common stock on June 27, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $125.49, for a total transaction value of $11,625,142.
The prices for the sales ranged from $125.30 to $125.915 per share. Following the transaction, Sadana directly owns 201,326 shares of Micron Technology.
In other recent news, Micron Technology reported significant growth in its fiscal third-quarter revenue, which increased nearly 50% quarter-over-quarter to over $1.5 billion, surpassing Bernstein’s expectations. CFRA raised its price target for Micron from $117 to $155, maintaining a Buy rating, and highlighted the company’s growing exposure to high-bandwidth memory (HBM) as a key growth driver. Stifel also increased its price target to $145, citing better-than-expected third-quarter results and an optimistic fourth-quarter outlook, with strengthening datacenter demand contributing to a more favorable product mix. Meanwhile, Baird raised its price target to $200, noting accelerated market share gains in HBM and describing Micron’s growth outlook as "transformational."
Additionally, Micron launched its new 2600 NVMe SSD, featuring 9th-generation QLC NAND technology, which offers performance comparable to higher-tier TLC drives. This new storage solution, aimed at OEM clients, incorporates Adaptive Write Technology to enhance write speeds significantly. The SSD is now shipping globally in various form factors, catering to applications such as ultra-thin laptops and workstations. These developments underscore Micron’s strategic positioning in high-growth memory segments, particularly as demand for AI-driven applications continues to rise.
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