JBF Capital Inc. Has $842,000 Holdings in Micron Technology, Inc. (NASDAQ:MU)

JBF Capital Inc. reduced its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 93.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the semiconductor manufacturer’s stock after selling 155,012 shares during the quarter. JBF Capital Inc.’s holdings in Micron Technology were worth $842,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SOA Wealth Advisors LLC. grew its stake in Micron Technology by 37.6% in the third quarter. SOA Wealth Advisors LLC. now owns 1,189 shares of the semiconductor manufacturer’s stock valued at $123,000 after acquiring an additional 325 shares during the period. SkyView Investment Advisors LLC raised its holdings in Micron Technology by 3.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,696 shares of the semiconductor manufacturer’s stock worth $694,000 after buying an additional 241 shares during the period. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Micron Technology by 524.2% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,863 shares of the semiconductor manufacturer’s stock valued at $1,541,000 after buying an additional 12,482 shares during the period. World Investment Advisors LLC raised its holdings in shares of Micron Technology by 103.7% during the third quarter. World Investment Advisors LLC now owns 3,315 shares of the semiconductor manufacturer’s stock worth $344,000 after acquiring an additional 1,688 shares during the period. Finally, Arvest Bank Trust Division bought a new stake in Micron Technology in the 3rd quarter valued at $21,406,000. 80.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MU shares. Royal Bank of Canada set a $125.00 price target on Micron Technology in a research note on Wednesday, March 19th. Wells Fargo & Company decreased their price target on shares of Micron Technology from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Rosenblatt Securities dropped their target price on Micron Technology from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. dropped their price target on shares of Micron Technology from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. Finally, Morgan Stanley upped their price objective on Micron Technology from $91.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.36.

Insider Activity at Micron Technology

In other news, Director Mary Pat Mccarthy sold 2,404 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $92.93, for a total value of $223,403.72. Following the completion of the transaction, the director now owns 27,358 shares of the company’s stock, valued at $2,542,378.94. This represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the sale, the executive vice president now owns 164,769 shares in the company, valued at approximately $15,847,482.42. This represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Micron Technology Stock Down 0.8 %

Shares of MU opened at $68.80 on Friday. The firm has a 50 day simple moving average of $88.23 and a two-hundred day simple moving average of $95.89. The company has a market cap of $76.89 billion, a P/E ratio of 19.83 and a beta of 1.18. Micron Technology, Inc. has a one year low of $61.54 and a one year high of $157.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 1.75.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.13. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The business had revenue of $8.05 billion during the quarter, compared to the consensus estimate of $7.93 billion. During the same period in the prior year, the company earned $0.42 EPS. Micron Technology’s revenue for the quarter was up 38.2% on a year-over-year basis. Research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Monday, March 31st. Micron Technology’s payout ratio is 11.03%.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.