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April Arnzen, Executive Vice President and Chief People Officer at Micron Technology Inc. (NASDAQ:MU), has sold 15,000 shares of the company’s common stock. The transaction, executed on March 25, 2025, was conducted at a price of $96.18 per share, amounting to a total value of approximately $1.44 million. The sale comes as Micron, currently valued at over $100 billion, shows strong financial health according to InvestingPro analysis, though the stock has declined about 11.5% over the past week.
The sale was part of a pre-established trading plan under Rule 10b5-1, which Arnzen adopted on October 17, 2024. Following this transaction, Arnzen retains ownership of 164,769 shares in Micron Technology. This figure includes shares acquired through the company’s Employee Stock Purchase Plan, which are exempt from certain reporting requirements. InvestingPro analysis suggests Micron is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which covers key metrics and growth prospects for this prominent semiconductor player.
In other recent news, Micron Technology’s financial performance has drawn significant attention from analysts. The company’s latest earnings report exceeded expectations, with a notable revenue increase of over 50% in the February quarter, driven by the successful ramp-up of its High Bandwidth (NASDAQ:BAND) Memory (HBM) products. Baird analysts have responded by raising their price target for Micron to $163, citing the growth potential of HBM and Low Power Double Data Rate (LPDDR) memory. Piper Sandler maintained an Overweight rating with a $120 target, noting strong revenue guidance but expressing concerns about declining gross margins in the upcoming quarters.
Stifel also maintained a Buy rating with a $130 price target, emphasizing unexpected resilience in NAND bit shipments and anticipated increases in DRAM shipments. Wells Fargo (NYSE:WFC) continues to rate Micron stock as Overweight with a $130 target, aligning with a TrendForce report that predicts a price hike due to unexpected demand. Rosenblatt Securities adjusted their price target to $200 from $250 while maintaining a Buy rating, highlighting the strategic importance of DRAM in the growing AI market. Despite some concerns about profitability and margins, analysts generally express confidence in Micron’s strategic positioning and growth prospects in the memory and storage market.
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