Rice Hall James & Associates LLC Takes Position in Super Micro Computer, Inc. (SMCI)

Rice Hall James & Associates LLC purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 613,104 shares of the technology company’s stock, valued at approximately $13,550,000. Rice Hall James & Associates LLC owned approximately 1.26% of Super Micro Computer at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in Super Micro Computer by 86.1% in the third quarter. Victory Capital Management Inc. now owns 6,813 shares of the technology company’s stock worth $151,000 after buying an additional 3,152 shares in the last quarter. Peregrine Capital Management LLC raised its stake in Super Micro Computer by 2.1% in the third quarter. Peregrine Capital Management LLC now owns 200,387 shares of the technology company’s stock worth $4,429,000 after buying an additional 4,077 shares in the last quarter. First Trust Advisors LP raised its stake in Super Micro Computer by 25.1% in the third quarter. First Trust Advisors LP now owns 63,070 shares of the technology company’s stock worth $1,394,000 after buying an additional 12,664 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Super Micro Computer in the second quarter worth about $202,000. Finally, The Manufacturers Life Insurance Company raised its stake in Super Micro Computer by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 30,249 shares of the technology company’s stock worth $745,000 after buying an additional 118 shares in the last quarter. 77.19% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on the stock. Susquehanna Bancshares Inc downgraded shares of Super Micro Computer from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $31.00 to $23.00 in a research note on Tuesday, September 19th. DA Davidson downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $27.00 in a research note on Monday, September 18th. ValuEngine raised shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Maxim Group restated a “buy” rating and issued a $43.00 price objective on shares of Super Micro Computer in a report on Friday, July 21st. Finally, Stifel Nicolaus set a $30.00 price objective on shares of Super Micro Computer and gave the stock a “hold” rating in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Super Micro Computer has an average rating of “Hold” and an average price target of $29.29.

In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were 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 owns 245,000 shares in the company, valued at approximately $6,639,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 23.60% of the company’s stock.

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Super Micro Computer (NASDAQ:SMCI) last posted its quarterly 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 net margin of 2.74% and a return on equity of 9.08%. The business had revenue of $717.90 million during the quarter, compared to analyst estimates of $714.99 million. During the same quarter in the previous year, the business posted $0.20 EPS. The company’s quarterly revenue was up 36.9% compared to the same quarter last year.

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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