Micron (MU) Stock: Executive Offloads $10.7M Following 300% Rally

TLDR

Table of Contents

Sumit Sadana, Micron’s Executive Vice President, sold $10.7 million in company shares on February 2.
The sale involved 25,000 shares at prices between $429 and $431.76 each.
Micron shares have surged over 300% in the past year driven by AI memory chip demand.
Insider sentiment tracking shows negative confidence despite Wall Street’s Strong Buy consensus.
Analysts maintain bullish outlook with 27 Buy ratings and average price target of $382.33.

Micron Technology experienced major insider selling this week. Chief Business Officer Sumit Sadana sold $10.7 million worth of shares. The transaction marks one of the largest insider sales at the memory chip maker in recent months.

Micron Technology, Inc., MU

Sadana executed the sale on February 2, 2026. SEC filings reveal he sold 17,450 shares between $429 and $429.99. Another 7,500 shares sold between $430.58 and $431.44. He also offloaded 50 shares at $431.76.

The executive still holds 248,021 shares directly after the sale. Sadana oversees product strategy and business operations at Micron. He has been critical to the company’s expansion into high-bandwidth memory for AI chips.

Micron has been riding the AI wave. The stock has climbed more than 300% over the past year. Strong demand for memory used in AI servers has fueled the rally.

What Insider Sales Actually Mean

Insider transactions always catch investor attention. Executives sell stock for many reasons. Portfolio diversification and tax planning are common motivations.

But timing matters. Sadana’s sale comes as Micron trades near its highest levels in years. The memory market has tightened considerably. DRAM and NAND pricing have both improved.

TipRanks monitors insider activity across all publicly traded companies. Their data currently shows negative insider sentiment for Micron. This doesn’t necessarily predict poor performance. However, it does indicate key executives are reducing their positions.

The semiconductor sector remains volatile. AI demand has absorbed much of the available DRAM supply. But concerns about cyclical downturns persist across the chip industry.

Analysts Remain Optimistic Despite Insider Activity

Wall Street hasn’t backed away from Micron. The stock carries a Strong Buy consensus rating. Twenty-seven analysts recommend buying shares. Only two suggest holding.

The average analyst price target stands at $382.33. That reflects modest upside from current trading levels. Several firms have raised their targets recently.

Mizuho increased its target to $480. The firm expects continued pricing strength in memory markets. HSBC went higher at $500 based on rapid DRAM price increases.

TD Cowen set a $450 target. The firm pointed to worsening memory shortages as a positive catalyst. Stifel came in at $360 but noted AI infrastructure growth is absorbing DRAM output.

Micron continues expanding its production capacity. The company plans to announce new manufacturing investment in Singapore. The facility will focus on NAND flash memory production.

Memory pricing has been a tailwind. Tight supply conditions benefit Micron’s margins. The company has positioned itself as a key supplier for AI hardware.

Manufacturing Expansion Plans

Micron is preparing to boost its Asia manufacturing footprint. Singapore will host new NAND production capacity. The investment demonstrates confidence in long-term memory demand.

The company produces specialized HBM3E chips. These high-bandwidth memory products power AI accelerators. Demand from data center customers remains strong. Sadana’s total sale amounted to $10,750,196 according to the SEC filing submitted on February 2.

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