Micron Technology Inc. President and CEO Sanjay Mehrotra sold ordinary shares worth approximately $38.7 million on August 21, 2026, according to regulatory filings.
The disposal involved 39,994 shares priced between $959.14 and $989.59 each, executed under a Rule 10b5-1 trading plan adopted by Mehrotra on January 30, 2026. The plan governs pre-scheduled transactions to manage personal liquidity while maintaining compliance with insider trading rules.
Mehrotra retained 264,503 shares directly and holds an additional 607,075 shares indirectly through Grantor Retained Annuity Trusts for the benefit of himself and his family. The stock closed at $932.50 on the day of the sale, reflecting a gain of more than 700% over the past year despite InvestingPro analysis indicating continued undervaluation relative to fair value estimates.
The transaction follows upgrades and positive analyst commentary on Micron’s outlook. S&P Global Ratings raised the company’s credit rating from BBB to BBB+ with a positive outlook, citing strong demand and a robust order pipeline. UBS maintained a $1,625 price target and a buy rating, while BofA Securities reiterated its buy rating and added Micron to its US 1 list, projecting potential earnings per share exceeding $230.
Micron also continues to expand its research and development footprint, with plans to invest $10 billion in a new facility in Boise, Idaho, over the next decade.
Separately, Netlist Inc. has escalated legal pressure on Micron, filing a patent infringement complaint with the U.S. International Trade Commission and a parallel lawsuit in the U.S. District Court for the Central District of California against Micron and other technology firms. The complaints seek exclusion orders and cease-and-desist relief.
