UBS Asset Management Americas Inc. held its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,198 shares of the technology company’s stock at the end of the first quarter. UBS Asset Management Americas Inc.’s holdings in Super Micro Computer were worth $259,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Super Micro Computer during the fourth quarter worth $11,432,000. Teachers Advisors LLC raised its stake in shares of Super Micro Computer by 3.5% in the fourth quarter. Teachers Advisors LLC now owns 87,001 shares of the technology company’s stock worth $2,440,000 after buying an additional 2,979 shares during the last quarter. Macquarie Group Ltd. raised its stake 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. Foundry Partners LLC acquired a new stake in shares of Super Micro Computer during the first quarter worth approximately $282,000. Finally, Louisiana State Employees Retirement System raised its stake in shares of Super Micro Computer by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the technology company’s stock worth $388,000 after buying an additional 300 shares during the last quarter. 72.25% of the stock is owned by hedge funds and other institutional investors.
Super Micro Computer, Inc. (SMCI) opened at 26.75 on Friday. The company has a market cap of $1.31 billion, a P/E ratio of 19.96 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. The stock’s 50 day moving average price is $26.25 and its 200 day moving average price is $25.32.
Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $717.90 million during the quarter, compared to analysts’ expectations of $714.99 million. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The firm’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. Analysts expect that Super Micro Computer, Inc. will post $2.03 earnings per share for the current year.
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SMCI has been the subject of several recent research reports. Maxim Group reissued a “buy” rating and set a $43.00 price objective (up previously from $40.00) on shares of Super Micro Computer in a research report on Friday, April 28th. BidaskClub upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus restated a “hold” rating and set a $30.00 price target on shares of Super Micro Computer in a report on Friday, July 14th. ValuEngine upgraded Super Micro Computer from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $31.00 price objective (down from $33.00) on shares of Super Micro Computer in a report on Sunday, July 23rd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $31.29.
In related news, 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 value of $48,700.00. Following the completion of the transaction, the vice president now directly owns 3,137 shares in the company, valued at $76,385.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $245,100.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at $196,080. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,000 shares of company stock valued at $487,510. 23.60% of the stock is owned by 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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