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11 insiders sold Micron stock within one month.

The stock was not purchased by any insiders in the month of intensive selling.

3 of these 11 insiders decreased their holdings by more than 10%.

Micron Technology (NASDAQ:MU) manufactures and markets semiconductor solutions worldwide.

(click to enlarge)

Insider selling during the last 30 days

Here is a table of Micron's insider activity during the last 30 days.

NameTitleTrade DateShares SoldRule 10b5-1Current OwnershipDecrease In Ownership
Ronald FosterCFOApril 9-2340,000No663,842 shares + 173,000 options4.6%
Mark AdamsPresidentApril 9-23248,249No474,500 shares34.3%
Brian ShieldsVPApril 223,750No248,724 shares1.5%
Michael SadlerVPApril 22133,000No271,064 shares + 170,750 options23.1%
Michael RayfieldVPApril 2215,000No215,851 shares6.5%
Scott DeboerVPApril 16-2156,500No206,087 shares + 94,500 options15.8%
Mark DurcanCEOApril 15200,000Yes2,234,571 shares8.2%
Patrick ByrneDirectorApril 810,000No101,053 shares9.0%
Lawrence MondryDirectorApril 710,000Yes185,834 shares5.1%
Robert BaileyDirectorApril 12,000Yes131,751 shares1.5%
Mercedes JohnsonDirectorApril 18,000Yes100,242 shares7.4%

There have been 726,499 shares sold by insiders during the last 30 days. Mark Durcan, Lawrence Mondry, Robert Bailey, and Mercedes Johnson sold shares pursuant to a Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.

Insider selling by calendar month

Here is a table of Micron's insider activity by calendar month.

MonthInsider selling / sharesInsider buying / shares
April 2014726,4990
March 201432,0000
February 2014125,2000
January 2014963,4920
December 201300
November 20131,569,2960
October 2013290,8300
September 2013191,8500
August 2013641,4250
July 2013744,5880
June 2013565,8460
May 2013313,7500
April 20131,015,6930
March 20134,0000
February 20134,0000
January 201354,0000

There have been 7,242,469 shares sold, and there have been zero shares purchased by insiders since January 2013.


Micron reported the fiscal 2014 second-quarter, which ended February 27, financial results on April 3 with the following highlights:

Revenue$4.1 billion
GAAP net income$731 million
Cash$4.5 billion
Debt$6.5 billion

Nine of these 11 insiders sold their shares after these results.

(click to enlarge)

(Source: Earnings presentation)


Micron expects fiscal 2014 third-quarter DRAM production bit growth to be down low single digits, quarter-to-date ASP to be down low single digits, and cost per bit to be down low single digits.

(click to enlarge)

(Source: Earnings presentation)


Micron's competitors include SanDisk (NASDAQ:SNDK), Samsung Electronics (OTC:SSNLF), and Toshiba (OTCPK:TOSBF). Here is a table comparing these companies.

Market Cap:28.00B19.24B170.19B16.85B
Qtrly Rev Growth (yoy):0.980.130.060.14
Gross Margin:0.300.49N/AN/A
Operating Margin:
Net Income:2.84B1.15B24.86B783.86M
PEG (5 yr expected):0.851.12N/AN/A

Micron has the second-highest P/S ratio among these four companies.

Here is a table of these competitors' insider activities this year.

CompanyInsider buying / sharesInsider selling / shares

SanDisk has also seen intensive insider selling during the last 30 days.


There have been 11 different insiders selling Micron, and there have not been any insiders buying Micron during the last 30 days. Three of these 11 insiders decreased their holdings by more than 10%. Micron has an insider ownership of 0.64%.

Before going short Micron, I would like to get a bearish confirmation from the Point & Figure chart. The two main reasons for the proposed short entry are a weak guidance, and the intensive insider-selling activity.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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