Micron Insiders Sell But Investors Should Buy, Buy, Buy

Core Viewpoint - Micron Technology is experiencing a rebound in stock prices driven by institutional buying and positive analyst revisions, despite insider selling by executives [1][5][6]. Group 1: Insider Activity - Insiders sold shares in Q2 and Q3 2025, including directors and the CEO, but this is not seen as a negative signal as it coincides with a rebound in share prices [1]. - Insiders hold a minimal 0.3% stake in the company, which does not pose a significant headwind to stock performance [2]. Group 2: Market Drivers - The stock price outlook is influenced by strong results and guidance, particularly due to the AI boom benefiting NVIDIA and AMD, which in turn drives demand for Micron's HBM memory [2][3]. - Micron's business is supported by the demand for GPUs, which are essential for advanced AI applications, and normalization in legacy markets is expected to contribute to growth by year-end [4]. Group 3: Analyst Ratings and Forecasts - The 12-month stock price forecast for Micron is $146.21, indicating a potential upside of 21.88%, based on 24 analyst ratings [5]. - Institutional ownership is approximately 80%, providing a solid support base for the stock, and analysts are raising their ratings and price targets following positive FQ3 results [6][7]. - Wells Fargo indicates that a single customer accounted for 16% of year-to-date revenue, suggesting future reports may exceed initial targets by over 50% [8]. Group 4: Technical Indicators - Micron's stock has shown a robust upswing, with critical support levels near $115, and the market is expected to extend its rally, potentially reaching new all-time highs [9][10].