Fairfield Bush & CO. Cuts Holdings in Super Micro Computer, Inc. (SMCI)

Fairfield Bush & CO. decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 0.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 203,596 shares of the technology company’s stock after selling 100 shares during the period. Super Micro Computer accounts for about 1.6% of Fairfield Bush & CO.’s portfolio, making the stock its 24th largest position. Fairfield Bush & CO. owned 0.42% of Super Micro Computer worth $5,019,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Super Micro Computer by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,249 shares of the technology company’s stock valued at $745,000 after buying an additional 118 shares in the last quarter. State Street Corp boosted its holdings in shares of Super Micro Computer by 4.1% in the 2nd quarter. State Street Corp now owns 965,582 shares of the technology company’s stock valued at $23,802,000 after buying an additional 38,013 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Super Micro Computer by 3.2% in the 2nd quarter. Macquarie Group Ltd. now owns 1,369,562 shares of the technology company’s stock valued at $33,760,000 after buying an additional 41,972 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Super Micro Computer by 224.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 300,275 shares of the technology company’s stock valued at $7,402,000 after buying an additional 207,714 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Super Micro Computer by 34.5% in the 2nd quarter. Voya Investment Management LLC now owns 559,527 shares of the technology company’s stock valued at $13,792,000 after buying an additional 143,562 shares in the last quarter. 77.39% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts have recently weighed in on the stock. Stifel Nicolaus set a $30.00 price target on shares of Super Micro Computer and gave the company a “hold” rating in a report on Tuesday, August 15th. Maxim Group restated a “buy” rating and issued a $43.00 price target on shares of Super Micro Computer in a report on Friday, July 21st. ValuEngine cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. KeyCorp restated a “hold” rating on shares of Super Micro Computer in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Super Micro Computer from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $28.38.

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 0.771% during mid-day trading on Tuesday, reaching $22.525. 123,028 shares of the company’s stock traded hands. Super Micro Computer, Inc. has a one year low of $20.42 and a one year high of $31.75. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 16.810 and a beta of 0.16. The firm’s 50-day moving average is $24.36 and its 200 day moving average is $24.91.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The business had revenue of $717.90 million during the quarter, compared to the consensus estimate of $714.99 million. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The company’s revenue was up 36.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. Analysts predict that Super Micro Computer, Inc. will post $1.98 earnings per share for the current year.

In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the sale, the director now directly owns 245,000 shares of the company’s stock, valued at $6,639,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 24.00% of the stock is currently owned by corporate 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.

Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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