Overview
- Micron shares slipped as traders took profits after a roughly 40% two‑week rally that included a 9% jump in the prior session, with the stock still near its 52‑week high.
- An SEC filing showed EVP and chief business officer Sumit Sadana sold 24,000 shares at $421.35 each for about $10.11 million while keeping a sizable direct stake.
- Counterpoint Research said Micron is moving memory to the center of AI systems, citing HBM4, HBM3E, SOCAMM2 modules, and PCIe Gen6 SSDs that cut power use and raise bandwidth in GPUs and data centers.
- Micron has said its high‑bandwidth memory is sold out through 2026, while Lynx Equity reported checks indicating allocations now stretch into 2027 and lifted its price target to $825, a claim not confirmed by the company.
- Analysts maintain positive ratings with recent target hikes from UBS to $535 and J.P. Morgan to $550, and investors now look to an estimated June 24 earnings report after Micron’s last quarter delivered record revenue of $23.86 billion and EPS of $12.20.