JSF Financial LLC Has $288,000 Stock Holdings in Micron Technology, Inc. (NASDAQ:MU)

JSF Financial LLC increased its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 34.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,419 shares of the semiconductor manufacturer’s stock after buying an additional 879 shares during the quarter. JSF Financial LLC’s holdings in Micron Technology were worth $288,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sovran Advisors LLC bought a new stake in Micron Technology during the 4th quarter worth $738,000. Strengthening Families & Communities LLC grew its holdings in shares of Micron Technology by 155.7% during the fourth quarter. Strengthening Families & Communities LLC now owns 1,575 shares of the semiconductor manufacturer’s stock worth $133,000 after purchasing an additional 959 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of Micron Technology by 69.8% in the fourth quarter. Focus Financial Network Inc. now owns 4,550 shares of the semiconductor manufacturer’s stock valued at $383,000 after buying an additional 1,871 shares during the period. Sapient Capital LLC raised its holdings in Micron Technology by 5.8% in the 4th quarter. Sapient Capital LLC now owns 4,343 shares of the semiconductor manufacturer’s stock valued at $366,000 after buying an additional 240 shares during the last quarter. Finally, Sycomore Asset Management boosted its position in Micron Technology by 14.8% during the 4th quarter. Sycomore Asset Management now owns 155,733 shares of the semiconductor manufacturer’s stock worth $13,106,000 after buying an additional 20,066 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $85.21, for a total value of $416,676.90. Following the sale, the executive vice president now directly owns 181,223 shares of the company’s stock, valued at approximately $15,442,011.83. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $95.93 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $106.88 billion, a PE ratio of 27.65 and a beta of 1.18. The stock’s 50 day moving average price is $96.63 and its 200-day moving average price is $98.96. Micron Technology, Inc. has a twelve month low of $79.15 and a twelve month high of $157.54.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.19. The firm had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.71 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The business’s revenue for the quarter was up 84.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.95) EPS. On average, equities analysts anticipate that Micron Technology, Inc. will post 6.29 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, December 30th. Micron Technology’s dividend payout ratio (DPR) is presently 13.26%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MU. Wells Fargo & Company decreased their price target on shares of Micron Technology from $175.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Wedbush reaffirmed an “outperform” rating and set a $140.00 target price on shares of Micron Technology in a research report on Tuesday, December 17th. Mizuho reduced their price target on Micron Technology from $135.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. UBS Group lowered their price objective on Micron Technology from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Sanford C. Bernstein reduced their target price on Micron Technology from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.96.

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.