Micron Technology director Alexis Bjorlin sells $28,308 in stock

Micron Technology director Alexis Bjorlin sold 25 shares of the company's common stock on June 26, 2026, according to a recent filing with the U.S. Securities and Exchange Commission. The transaction involved selling the shares at a price of $1,132.33 each, amounting to $28,308 in total. Ms. Bjorlin, who serves as a co-trustee for a Trust holding the shares for her benefit and her family's, now directly owns 63 shares of Micron Technology common stock, while 235 shares remain indirectly held through the Trust.

Despite her recent sale, Micron remains undervalued according to InvestingPro analysis, presenting 15 additional ProTips for subscribers. Additionally, Micron recently announced plans to invest $10 billion over the next decade in a new research laboratory in Boise, Idaho, to bolster memory technologies and support future chip manufacturing.

This investment reflects Micron's dedication to innovation and collaboration with various stakeholders. Recently, Micron's stock rating was upgraded by S&P Global Ratings from 'BBB' to 'BBB+', underscoring confidence in AI-driven demand for memory semiconductors, with projections of strong demand through 2028. Furthermore, Micron's gross margin has reached an impressive 85% from 39% a year prior.

UBS has also maintained a Buy rating for Micron, while BofA Securities has kept its Buy rating, emphasizing a shift towards more sustainable earnings power.