Micron SVP, chief legal officer Michael Ray sells $37,891 in stock

Senior Vice President and Chief Legal Officer of Micron Technology Inc., Michael Charles Ray, sold 40 shares of the company's common stock on October 14, 2026. The sale occurred under a pre-established Rule 10b5-1 trading plan, executed on January 30, 2026. Each share was sold at a price of $947.29, resulting in a total transaction value of $37,891.

After the sale, Mr. Ray holds 56,248 shares of Micron Technology common stock. Micron's stock has surged by 360% over the past year, although it experienced a 9.5% decline in the preceding week. Despite this recent drop, InvestingPro analysis indicates the stock is still undervalued compared to its Fair Value, earning an "EXCELLENT" financial health score.

Investors can access a comprehensive Pro Research Report for Micron and 1,400+ other US equities. The recent stock sale was the second of two required filings due to line-item limitations. Micron Technology recently reported strong quarterly earnings, with earnings per share and first-quarter fiscal year guidance surpassing consensus estimates.

This success can be attributed to high memory average selling prices. The company now projects first-quarter revenue of $61.5 billion, which is 8% above analyst expectations. Gross profit margins stand at 86.3%, with earnings per share at $38.2, exceeding expectations by 7%. Analysts from CLSA and DA Davidson have reaffirmed positive ratings and raised price targets for Micron, citing robust financial results and optimistic guidance.

Baird also maintained an Outperform rating, emphasizing anticipated tighter DRAM supply in the upcoming years. Freedom Broker and Bernstein have also expressed optimism regarding Micron's position in the memory market, with higher price targets and positive outlooks due to ongoing supply shortages and rising memory chip prices.