New York State Teachers Retirement System held its position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the first quarter, according to its most recent Form 13F filing 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 about 0.06% of Super Micro Computer worth $691,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Super Micro Computer during the fourth quarter worth approximately $11,432,000. Philadelphia Trust Co. increased its stake in 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 period. Macquarie Group Ltd. increased its stake in 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 period. Karp Capital Management Corp acquired a new stake in Super Micro Computer during the first quarter worth approximately $207,000. Finally, Pacific Ridge Capital Partners LLC increased its stake in 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 period. Hedge funds and other institutional investors own 72.25% of the company’s stock.
Super Micro Computer, Inc. (NASDAQ SMCI) traded down 0.56% on Friday, hitting $26.75. The stock had a trading volume of 255,277 shares. Super Micro Computer, Inc. has a one year low of $20.77 and a one year high of $31.75. The stock has a 50-day moving average of $26.25 and a 200-day moving average of $25.32. The company has a market cap of $1.31 billion, a PE ratio of 19.96 and a beta of 0.17.
Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The business had revenue of $717.90 million during the quarter, compared to the consensus estimate of $714.99 million. During the same period in the prior year, the business posted $0.20 earnings per share. Super Micro Computer’s revenue was up 36.9% compared to the same quarter last year. Equities analysts expect that Super Micro Computer, Inc. will post $2.03 earnings per share for the current fiscal year.
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A number of equities research analysts have commented on the company. Stifel Nicolaus set a $30.00 target price on Super Micro Computer and gave the company a “hold” rating in a report on Tuesday. Maxim Group reissued a “buy” rating and issued a $43.00 target price on shares of Super Micro Computer in a report on Friday, July 21st. ValuEngine downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research raised Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, BidaskClub raised Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Super Micro Computer presently has an average rating of “Buy” and a consensus target price of $31.29.
In other news, Director Hwei-Ming Fred Tsai sold 6,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $24.10, for a total transaction of $144,600.00. Following the completion of the sale, the director now directly owns 254,000 shares of the company’s stock, valued at $6,121,400. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $24.35, for a total value of $48,700.00. Following the sale, 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. Over the last ninety days, insiders have sold 20,000 shares of company stock valued at $487,510. 23.60% of the stock is currently owned by company insiders.
About Super Micro Computer
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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