Micron (MU) Stock: Shares Slide 20% as Insider Cashes Out $10.7M

TLDR

• Micron Technology EVP and Chief Business Officer Sumit Sadana sold $10.7 million worth of company stock on February 2, 2026.
• The sale included 25,000 shares at prices ranging from $429 to $431.76 per share.
• Micron stock has rallied over 300% in the past year due to AI memory demand and improving pricing conditions.
• TipRanks’ Insider Trading Activity Tool shows insider confidence in Micron is currently negative.
• Wall Street maintains a Strong Buy rating on Micron with 27 Buy ratings and two Hold ratings.

Micron Technology saw a major insider transaction this week. Executive Vice President Sumit Sadana unloaded $10.7 million in company shares. The move puts a spotlight on insider activity at one of the hottest semiconductor names in the AI trade.

Micron Technology, Inc., MU

Sadana serves as Micron’s Chief Business Officer. He plays a key role in product strategy and business development. His position makes him central to the company’s push into high-bandwidth memory for AI applications.

The transaction occurred on February 2, 2026. According to SEC filings, Sadana sold 17,450 shares at prices between $429 and $429.99. He also sold 7,500 shares ranging from $430.58 to $431.44. An additional 50 shares went for $431.76.

After the sales, Sadana directly owns 248,021 shares of Micron. The stock has been on a tear lately. Shares have jumped over 300% in the past year.

The rally comes from several factors. Memory pricing has improved across DRAM and NAND markets. Supply conditions remain tight. Most importantly, AI server demand has exploded.

Insider Sentiment Turns Negative

Insider sales always grab attention from market watchers. They can signal various things. Sometimes executives just need liquidity or want to diversify their holdings.

Sadana has been instrumental in Micron’s AI memory strategy. The company is ramping up production of HBM3E chips. These specialized memory chips are critical for AI accelerators and data center GPUs.

Wall Street Stays Bullish

Despite the insider selling, analysts remain optimistic. Wall Street has issued a Strong Buy consensus rating on Micron. The rating comes from 27 Buy recommendations and just two Hold ratings issued in the last three months.

The average price target sits at $382.33. That implies minimal upside from current levels. But several firms have recently raised their targets based on memory market dynamics.

Mizuho bumped its target to $480. The firm cited pricing tailwinds in both DRAM and NAND. HSBC went even higher to $500, pointing to the rapid rise in DRAM prices.

TD Cowen set a target of $450. The firm highlighted worsening shortages in the memory market. Stifel came in more conservative at $360 but noted that AI cloud infrastructure growth has absorbed DRAM output.

Micron is also expanding its manufacturing footprint. The company is preparing to announce new investment in Singapore. The focus will be on NAND flash memory production capacity.

The semiconductor industry faces ongoing volatility. Demand from AI applications remains strong. But concerns about oversupply and cyclical downturns persist. Sadana’s stock sale totaled $10,750,196 and reduced his direct ownership to 248,021 shares according to the SEC filing.

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