Apella Capital LLC Buys New Position in Micron Technology, Inc. $MU

Institutional Investment Activity - First Command Advisory Services Inc. increased its stake in Micron Technology by 225.0%, owning 221 shares valued at $27,000 after purchasing an additional 153 shares [1] - AlphaQuest LLC grew its holdings by 13,250.0%, now owning 267 shares valued at $33,000 after buying an additional 265 shares [1] - WealthCollab LLC increased its stake by 4,500.0%, owning 276 shares worth $34,000 after purchasing 270 shares [1] - Hedge funds and institutional investors collectively own 80.84% of Micron Technology's stock [1] Insider Transactions - EVP April S. Arnzen sold 15,000 shares at an average price of $277.09, totaling $4,156,350, resulting in an 8.30% decrease in ownership [2] - CEO Sanjay Mehrotra sold 22,500 shares at an average price of $220.72, totaling $4,966,200, leading to a 4.80% decrease in ownership [2] - In the last quarter, insiders sold 369,300 shares valued at $81,513,868, with corporate insiders owning 0.24% of the company's stock [2] Analyst Ratings and Price Targets - Citigroup raised its price objective from $300.00 to $330.00, maintaining a "buy" rating [3] - JPMorgan Chase & Co. increased its price target from $220.00 to $350.00, giving an "overweight" rating [3] - Micron Technology has an average rating of "Buy" with an average target price of $282.61, supported by five Strong Buy ratings and twenty-nine Buy ratings [3][4] Financial Performance - Micron Technology reported an EPS of $4.78, exceeding the consensus estimate of $3.77 by $1.01 [8] - The company had revenue of $13.64 billion, surpassing analyst estimates of $12.62 billion, with a year-over-year revenue increase of 56.7% [8] - The return on equity was 22.71% with a net margin of 28.15% [8] Dividend Announcement - Micron Technology announced a quarterly dividend of $0.115 per share, with an annualized dividend of $0.46 and a yield of 0.2% [9] Market Position and Sentiment - Micron Technology is positioned as a key beneficiary of AI memory demand, with positive sentiment driven by strong earnings and market catalysts [13] - The company is highlighted as a primary player in the HBM/memory "supercycle" due to increased demand from AI data centers [13] - Analysts expect Q4/Q1 earnings season to act as a bullish catalyst for tech and AI leaders, including Micron Technology [13]