JSF Financial LLC Increases Stock Position in Micron Technology, Inc. (NASDAQ:MU)

JSF Financial LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU) by 4.4% during the 1st quarter, Holdings Channel reports. The firm owned 3,568 shares of the semiconductor manufacturer’s stock after purchasing an additional 149 shares during the quarter. JSF Financial LLC’s holdings in Micron Technology were worth $310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Twin Capital Management Inc. raised its stake in shares of Micron Technology by 0.5% in the 4th quarter. Twin Capital Management Inc. now owns 20,062 shares of the semiconductor manufacturer’s stock valued at $1,688,000 after buying an additional 108 shares in the last quarter. Cim Investment Management Inc. raised its stake in shares of Micron Technology by 0.5% in the 4th quarter. Cim Investment Management Inc. now owns 23,062 shares of the semiconductor manufacturer’s stock valued at $1,941,000 after buying an additional 114 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of Micron Technology by 1.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 10,481 shares of the semiconductor manufacturer’s stock valued at $883,000 after buying an additional 119 shares in the last quarter. Sunpointe LLC raised its stake in shares of Micron Technology by 4.0% in the 1st quarter. Sunpointe LLC now owns 3,443 shares of the semiconductor manufacturer’s stock valued at $300,000 after buying an additional 131 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of Micron Technology by 2.1% in the 1st quarter. Foundations Investment Advisors LLC now owns 6,561 shares of the semiconductor manufacturer’s stock valued at $570,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Analyst Ratings Changes

MU has been the subject of a number of recent research reports. Mizuho increased their price objective on shares of Micron Technology from $124.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. increased their price objective on shares of Micron Technology from $135.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, June 26th. Stifel Nicolaus increased their price objective on shares of Micron Technology from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. Robert W. Baird increased their target price on shares of Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, June 27th. Finally, Susquehanna increased their target price on shares of Micron Technology from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Thursday, June 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.44.

Micron Technology Stock Down 0.0%

Shares of NASDAQ:MU opened at $111.25 on Tuesday. Micron Technology, Inc. has a 12 month low of $61.54 and a 12 month high of $129.85. The company’s 50-day moving average price is $113.19 and its two-hundred day moving average price is $97.62. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm has a market cap of $124.50 billion, a P/E ratio of 20.05 and a beta of 1.35.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.34. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same quarter in the prior year, the firm earned $0.62 EPS. As a group, research analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, July 7th. Micron Technology’s dividend payout ratio (DPR) is presently 8.29%.

Insider Buying and Selling

In other news, EVP Scott J. Deboer sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the executive vice president owned 186,353 shares of the company’s stock, valued at approximately $20,498,830. This trade represents a 9.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the transaction, the executive vice president directly owned 275,067 shares in the company, valued at $33,877,251.72. This trade represents a 22.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 288,446 shares of company stock worth $34,871,597. 0.30% of the stock is currently owned by company insiders.

Micron Technology Company Profile

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.