Micron Technology Inc. Chief Executive Officer Sanjay Mehrotra sold approximately $38.7 million worth of company stock on August 21, 2026, under a prearranged trading plan adopted in January.
The sale involved 39,994 shares at prices ranging from $959.14 to $989.59 each, according to regulatory filings. At the time of the transaction, Micron’s shares were valued at roughly $932.50, reflecting a gain of more than 700% over the past 12 months. Mehrotra retains 264,503 direct shares and 607,075 shares held indirectly through Grantor Retained Annuity Trusts established for himself and his family.
The transaction follows Micron’s announcement of a $10 billion investment in a new research facility in Boise, Idaho, designated as Micron Research Labs. The project aims to advance memory technologies and support future chip manufacturing, with collaboration planned among customers, academic institutions, and government partners.
S&P Global Ratings upgraded Micron’s credit rating to BBB+ from BBB, citing strong demand for AI-driven memory semiconductors through 2028. The upgrade reflects increased confidence in the company’s earnings stability amid emerging contractual orders.
Analysts at UBS maintained a Buy rating on Micron with a price target of $1,625. BofA Securities also reiterated its Buy rating, highlighting a shift toward more durable earnings in the memory sector. The firm projected potential earnings per share exceeding $230 and added Micron to its US 1 List.
Separately, Netlist Inc. filed a complaint with the U.S. International Trade Commission against Micron and other technology companies, alleging patent infringement. Netlist is seeking exclusion orders and cease-and-desist measures, alongside a parallel lawsuit in the U.S. District Court for the Central District of California.
