Micronics Japan (TYO:6871) Price Target Increased by 48.98% to 3,723.00

The average one-year price target for Micronics Japan (TYO:6871) has been revised to 3,723.00 / share. This is an increase of 48.98% from the prior estimate of 2,499.00 dated October 31, 2023.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 3,131.00 to a high of 4,410.00 / share. The average price target represents an increase of 0.08% from the latest reported closing price of 3,720.00 / share.

Micronics Japan Maintains 1.59% Dividend Yield

At the most recent price, the company's dividend yield is 1.59%.

Additionally, the company's dividend payout ratio is 0.47. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 1.19%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 52 funds or institutions reporting positions in Micronics Japan. This is an increase of 5 owner(s) or 10.64% in the last quarter. Average portfolio weight of all funds dedicated to 6871 is 0.03%, an increase of 30.00%. Total shares owned by institutions increased in the last three months by 7.14% to 2,765K shares.

What are Other Shareholders Doing?

JP:6871 / Micronics Japan Co Ltd Shares Held by Institutions

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 464K shares representing 1.20% ownership of the company. In it's prior filing, the firm reported owning 467K shares, representing a decrease of 0.73%. The firm increased its portfolio allocation in 6871 by 65.13% over the last quarter.

OWSMX - Old Westbury Small & Mid Cap Strategies Fund holds 390K shares representing 1.01% ownership of the company. In it's prior filing, the firm reported owning 346K shares, representing an increase of 11.29%. The firm increased its portfolio allocation in 6871 by 83.54% over the last quarter.

VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 255K shares representing 0.66% ownership of the company. No change in the last quarter.

IEFA - iShares Core MSCI EAFE ETF holds 182K shares representing 0.47% ownership of the company. No change in the last quarter.

Bernstein Fund Inc - International Small Cap Portfolio Advisor Class holds 160K shares representing 0.42% ownership of the company. In it's prior filing, the firm reported owning 213K shares, representing a decrease of 32.90%. The firm decreased its portfolio allocation in 6871 by 20.66% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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