TLDR
- Micron’s EVP of Global Operations Manish Bhatia sold 26,623 shares for $10.4 million on January 22 at prices between $388.41 and $395.90 per share.
- Micron stock has surged over 30% since January 1, hitting an all-time intraday high of $444.71 on January 30.
- SVP and Chief Legal Officer Michael Charles Ray sold 10,468 shares for $5.02 million on January 27 through transactions priced between $401.16 and $415.65.
- Strong earnings from Seagate Technology and positive guidance from Texas Instruments, ASML Holding, and SK Hynix boosted semiconductor stocks.
- Micron expects a substantial memory-chip shortage to persist for the foreseeable future, potentially supporting higher prices and profit margins.
Micron Technology executives are cashing in on the company’s strong rally. The stock continues climbing to new heights.
Two senior executives sold millions of dollars worth of shares in recent days. The timing proved costly for at least one of them.
Manish Bhatia, Micron’s executive vice president of global operations, sold 26,623 shares on January 22. The six transactions brought in more than $10.4 million at prices ranging from $388.41 to $395.90 per share.
A securities filing revealed the sale consisted of 14,640 restricted stock units that vested from 2024 to 2025. It also included 11,983 performance units granted under Micron’s equity incentive plan.
Bhatia still directly owns 323,486 shares. Those holdings were worth nearly $141 million based on Wednesday’s closing price of $435.28.
Michael Charles Ray, the company’s SVP and Chief Legal Officer, also sold shares recently. He offloaded 10,468 shares on January 27 for $5.02 million through a Rule 10b5-1 trading plan.
Ray’s transactions ranged from $401.16 to $415.65 per share. He now directly owns 74,675 shares.
Missing Out on Even Bigger Gains
The stock kept climbing after both executives sold. Micron shares have gained over 30% since January 1.
Micron traded above $400 for the first time ever on January 23. That was just one day after Bhatia’s sales.
The rally accelerated on January 28 when several chip companies reported earnings. Strong guidance from Texas Instruments, ASML Holding, and SK Hynix signaled a recovery in AI-driven demand.
Seagate Technology reported solid earnings the same day. The storage-device maker’s results further lifted the sector.
Micron closed at a record $435.28 on Wednesday. The stock pushed even higher on Thursday, reaching an all-time intraday high of $444.71.
Memory-Chip Shortage Drives Optimism
Micron manufactures memory and storage products for smartphones and personal computers. The company has become a leading supplier of high-bandwidth memory for AI servers.
This positions Micron as a secondary beneficiary of the AI boom. The company’s December earnings report highlighted strong market conditions ahead.
Strong Market Position
Micron expects a substantial memory-chip shortage to persist for the foreseeable future. This dynamic could support higher prices and bolster profit margins for Micron and its peers.
The company ended 2025 as one of the top performers in the S&P 500. It ranked alongside Western Digital and Seagate.
Multiple analysts have raised their price targets for Micron in recent weeks. Mizuho set a target of $480, citing favorable pricing conditions in the DRAM and NAND markets.
HSBC increased its price target to $500 due to rapid rises in DRAM prices. TD Cowen raised its target to $450 because of worsening shortages in the memory market.
Stifel boosted its price target to $360. The firm noted that growth in AI cloud infrastructure is absorbing DRAM output and creating market shortages.
Micron is also poised to announce a new investment in memory chip manufacturing capacity in Singapore. The focus will be on NAND flash memory production.
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