TLDR
- Manish Bhatia, Micron’s EVP of Global Operations, sold 26,623 shares for $10.4 million on January 22 at prices between $388.41 and $395.90.
- SVP and Chief Legal Officer Michael Charles Ray sold 10,468 shares worth $5.02 million on January 27 at prices ranging from $401.16 to $415.65.
- Micron stock rallied over 30% in January, breaking $400 for the first time and reaching an intraday record of $444.71.
- Strong semiconductor sector results from Seagate, Texas Instruments, ASML, and SK Hynix propelled the rally on January 28.
- Memory-chip shortage expectations and AI infrastructure demand drove analysts to raise price targets as high as $500.
Two senior Micron Technology executives sold over $15 million in company shares this month. The stock continued its climb to all-time highs afterward.
Manish Bhatia, executive vice president of global operations, offloaded 26,623 shares on January 22. His transactions brought in $10.4 million at prices between $388.41 and $395.90 per share.
Securities filings show the sale contained 14,640 restricted stock units vested from 2024 to 2025. An additional 11,983 performance units from Micron’s equity plan completed the transaction.
Bhatia maintains ownership of 323,486 shares. Wednesday’s closing price valued his remaining stake at about $141 million.
Chief Legal Officer Michael Charles Ray executed his own sale days later. He sold 10,468 shares on January 27 for $5.02 million through a Rule 10b5-1 plan established in April 2025.
Ray’s transactions ranged from $401.16 to $415.65 per share. His direct holdings now total 74,675 shares.
Record Highs Follow Executive Transactions
Micron shares have surged over 30% since January started. The stock crossed $400 for the first time on January 23.
That breakthrough came just one day after Bhatia completed his sales. The rally showed no signs of slowing.
Shares closed at a record $435.28 on Wednesday. Thursday brought an intraday all-time high of $444.71.
Chip Industry Reports Boost Sentiment
Strong semiconductor sector earnings drove the late-January surge. Seagate Technology delivered solid results on January 28.
Texas Instruments, ASML Holding, and SK Hynix provided optimistic guidance the same day. The companies signaled recovering demand driven by AI applications.
Micron manufactures memory and storage solutions for smartphones, computers, and AI servers. The company supplies high-bandwidth memory critical for artificial intelligence infrastructure.
This exposure makes Micron a key beneficiary of AI data center expansion. Demand for AI-capable memory continues growing across the technology sector.
Wall Street Raises Expectations
Analysts boosted their Micron price targets following recent market developments. HSBC set a $500 target citing rapid DRAM price appreciation.
Mizuho raised its forecast to $480 based on favorable conditions in DRAM and NAND markets. TD Cowen increased its target to $450 as memory shortages intensify.
Stifel moved its price objective to $360. The firm noted AI cloud infrastructure absorbs DRAM supply and creates ongoing shortages.
Micron’s December earnings highlighted tight market conditions ahead. The company anticipates substantial memory-chip shortages continuing for the foreseeable future.
These supply constraints support higher pricing and improved margins. Micron finished 2025 among the S&P 500’s strongest performers with Western Digital and Seagate.
The company prepares to announce expanded manufacturing capacity in Singapore. The investment focuses on NAND flash memory production.
Micron’s strong January performance extends its momentum from 2025. The stock benefits from both AI infrastructure growth and persistent supply shortages in the memory market.
