Micron Technology’s Scott Deboer sells $25.7m in stock

Scott J. Deboer, President and Chief Technology and Product Officer at Micron Technology Inc (NASDAQ:MU), sold shares worth a total of $25,690,215 on October 16, 2026, according to a recent SEC filing.

Mr. Deboer disposed of 28,544.572 shares of common stock at prices ranging from $900.0 to $902.01 per share. These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Deboer on July 17, 2026.

Following these reported transactions, Mr. Deboer directly holds 147,430 shares of Micron Technology common stock.The insider sale comes as Micron shares trade at $896, up 334% over the past year and 214% year-to-date. Despite the strong rally, InvestingPro analysis suggests the stock remains undervalued relative to its Fair Value, placing it among opportunities on the platform’s most undervalued stocks list. The semiconductor giant maintains an "EXCELLENT" financial health score of 3.89 out of 5, with a market capitalization of $1.02 trillion.

In other recent news, Micron Technology has reported strong financial performance, with its fourth-quarter fiscal year earnings per share and first-quarter fiscal year guidance surpassing consensus estimates. The company announced first-quarter revenue guidance of $61.5 billion, which is 8% above analyst expectations, along with a gross profit margin of 86.3% and earnings per share of $38.2, 7% above consensus. CLSA has raised its price target for Micron to $1,700, citing a robust memory pricing outlook as a contributing factor.

Additionally, Freedom Broker highlighted Micron’s strong fourth-quarter results and noted that the company’s management expects tighter supply conditions in 2027 and 2028, supported by a deeper contract book. Cantor Fitzgerald reiterated its Overweight rating on Micron, pointing out that the company has 16 supply and capacity agreements, potentially covering up to 50% of revenue. Meanwhile, Baird maintained an Outperform rating, emphasizing a much tighter DRAM supply outlook in the coming fiscal years.

Bernstein reported that memory chip prices rose nearly 20% quarter-over-quarter in the third quarter of 2026 due to ongoing supply shortages, with both DRAM and NAND contract prices increasing. These developments highlight the dynamic landscape in which Micron operates, with supply constraints and pricing trends playing significant roles in shaping the company’s future prospects.