New York State Teachers Retirement System held its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,277 shares of the technology company’s stock at the end of the first quarter. New York State Teachers Retirement System owned approximately 0.06% of Super Micro Computer worth $691,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Super Micro Computer during the fourth quarter worth approximately $11,432,000. Philadelphia Trust Co. raised its position in shares of Super Micro Computer by 5.7% in the fourth quarter. Philadelphia Trust Co. now owns 91,550 shares of the technology company’s stock worth $2,568,000 after buying an additional 4,950 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Super Micro Computer by 0.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,286,340 shares of the technology company’s stock worth $36,082,000 after buying an additional 8,106 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Super Micro Computer during the first quarter worth approximately $207,000. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Super Micro Computer by 61.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 74,420 shares of the technology company’s stock worth $1,887,000 after buying an additional 28,280 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) opened at 26.85 on Friday. The stock has a 50 day moving average of $25.85 and a 200-day moving average of $25.33. The stock has a market cap of $1.31 billion, a PE ratio of 20.04 and a beta of 0.17. Super Micro Computer, Inc. has a 52 week low of $20.77 and a 52 week high of $31.75.
Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. The company had revenue of $717.90 million for the quarter, compared to analysts’ expectations of $714.99 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. Super Micro Computer’s quarterly revenue was up 36.9% on a year-over-year basis. Equities research analysts predict that Super Micro Computer, Inc. will post $1.98 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Super Micro Computer from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Maxim Group reissued a “buy” rating and issued a $43.00 price target on shares of Super Micro Computer in a report on Friday, July 21st. BidaskClub lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $31.00 price objective (down previously from $33.00) on shares of Super Micro Computer in a research note on Sunday, July 23rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.29.
In other Super Micro Computer news, Director Sherman Tuan sold 10,000 shares of Super Micro Computer stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $24.51, for a total transaction of $245,100.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at $196,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of Super Micro Computer stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total transaction of $48,700.00. Following the transaction, the vice president now directly owns 3,137 shares of the company’s stock, valued at $76,385.95. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock worth $487,510 in the last 90 days. 23.60% of the stock is currently owned by company insiders.
Super Micro Computer Company Profile
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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