Jefferies Financial Group Inc. Has $1.91 Million Stock Position in Micron Technology, Inc. (NASDAQ:MU)

Jefferies Financial Group Inc. lessened its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 37.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,713 shares of the semiconductor manufacturer's stock after selling 13,680 shares during the period. Jefferies Financial Group Inc.'s holdings in Micron Technology were worth $1,912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MU. Vanguard Group Inc. increased its holdings in shares of Micron Technology by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 99,857,205 shares of the semiconductor manufacturer's stock valued at $8,403,982,000 after purchasing an additional 888,087 shares during the period. FMR LLC raised its position in Micron Technology by 34.6% during the fourth quarter. FMR LLC now owns 47,672,462 shares of the semiconductor manufacturer's stock valued at $4,012,114,000 after acquiring an additional 12,249,341 shares in the last quarter. Capital World Investors raised its position in Micron Technology by 63.7% during the fourth quarter. Capital World Investors now owns 41,096,391 shares of the semiconductor manufacturer's stock valued at $3,458,673,000 after acquiring an additional 15,993,036 shares in the last quarter. Geode Capital Management LLC raised its position in Micron Technology by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 24,449,827 shares of the semiconductor manufacturer's stock valued at $2,052,973,000 after acquiring an additional 726,282 shares in the last quarter. Finally, Norges Bank bought a new position in Micron Technology during the fourth quarter valued at approximately $1,470,875,000. Institutional investors and hedge funds own 80.84% of the company's stock.

Micron Technology Stock Performance

MU stock traded up $0.13 during midday trading on Thursday, hitting $95.45. The stock had a trading volume of 24,175,106 shares, compared to its average volume of 23,485,428. The firm has a market capitalization of $106.67 billion, a price-to-earnings ratio of 27.51 and a beta of 1.21. Micron Technology, Inc. has a 52 week low of $61.54 and a 52 week high of $157.54. The stock has a 50-day simple moving average of $82.78 and a 200 day simple moving average of $92.83. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 EPS for the quarter, topping the consensus estimate of $1.43 by $0.13. The firm had revenue of $8.05 billion during the quarter, compared to analysts' expectations of $7.93 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. Micron Technology's quarterly revenue was up 38.2% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. As a group, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.48%. Micron Technology's payout ratio is presently 11.03%.

Insider Buying and Selling at Micron Technology

In related news, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock in a transaction dated 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 directly owns 27,358 shares of the company's stock, valued at $2,542,378.94. The trade was a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total value of $1,442,700.00. Following the completion of the transaction, the executive vice president now directly owns 164,769 shares of the company's stock, valued at $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. Over the last three months, insiders sold 19,808 shares of company stock valued at $1,858,424. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on MU shares. UBS Group cut their price objective on shares of Micron Technology from $130.00 to $92.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Citigroup cut their price objective on shares of Micron Technology from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. KGI Securities raised shares of Micron Technology to a "strong-buy" rating in a research report on Friday, February 21st. Barclays cut their price objective on shares of Micron Technology from $115.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley cut their price objective on shares of Micron Technology from $112.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $126.48.

Micron Technology 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.