Micron Director’s $7.8M Stock Purchase Signals Confidence Amid Semiconductor Rally
Micron Technology director Teyin Liu acquired $7.8 million worth of MU shares this week at prices between $336.63-$337.50, marking the first insider buy since 2017. The transaction boosts Liu's direct holdings to 25,910 shares as semiconductor stocks rallied following TSMC's strong earnings.
Barclays, Wells Fargo, and Citi raised price targets on Micron, with shares gaining 1% after-hours Thursday and jumping 6% in Friday pre-market trading. The purchases coincide with renewed Wall Street Optimism toward memory chip makers.
Market observers note the timing reflects institutional conviction in Micron's positioning for AI-driven demand growth. The stock's performance mirrors broader semiconductor sector strength, with analysts highlighting memory pricing recovery and HBM adoption tailwinds.
