Manish H. Bhatia, who serves as Executive Vice President, Global Operations at Micron Technology Inc (NASDAQ:MU), sold a total of 26,623 shares of Micron common stock on January 22, 2026. The transactions, reported in a Form 4 filing with the Securities and Exchange Commission, generated proceeds of $10,410,771.
The sales were carried out in six discrete tranches at prices spanning $388.78 to $395.87 per share. The filing breaks down the individual transactions as follows:
- 5,128 shares sold at $388.78 per share
- 7,200 shares sold at $389.91 per share
- 8,500 shares sold at $391.01 per share
- 2,200 shares sold at $392.84 per share
- 1,295 shares sold at $394.92 per share
- 2,300 shares sold at $395.87 per share
After completing these sales, Bhatia directly holds 323,486 shares of Micron common stock.
Separately, Micron has advanced a major capacity move in the memory market. The company signed an exclusive Letter of Intent to acquire Powerchip Semiconductor Manufacturing Corporation’s P5 fabrication site in Taiwan for $1.8 billion. The planned acquisition includes a 300,000 square foot cleanroom facility and is framed as a response to rising global demand for memory solutions.
The company’s strategic developments have coincided with several analyst updates. HSBC increased its price target for Micron from $350 to $500, citing a rapid rally in DRAM prices. TD Cowen also raised its target, to $450 from $300, pointing to worsening shortages in the memory market. Stifel lifted its target to $360 and highlighted Micron’s potential to gain "breathing room on its supply roadmap" as AI cloud infrastructure grows.
Not all outlooks were upward. Aletheia Capital downgraded Micron from Buy to Hold and removed its prior $120 price target, a change the firm tied to the stock’s substantial appreciation and the fact that it now trades above its historical price-to-book ratio.
These varied analyst actions and Micron’s prospective factory purchase underscore a dynamic period for the company within the semiconductor and memory sectors. The insider sale, the LOI for the P5 fab, and a range of analyst adjustments provide contemporaneous signals about market positioning and evolving expectations in memory supply and pricing.