Peregrine Capital Management LLC Acquires 4,077 Shares of Super Micro Computer, Inc. (SMCI)

Peregrine Capital Management LLC boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,387 shares of the technology company’s stock after acquiring an additional 4,077 shares during the period. Peregrine Capital Management LLC owned about 0.41% of Super Micro Computer worth $4,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Super Micro Computer by 46,673.4% in the 1st quarter. BlackRock Inc. now owns 4,774,160 shares of the technology company’s stock valued at $121,025,000 after buying an additional 4,763,953 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Super Micro Computer by 17.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,309,877 shares of the technology company’s stock valued at $81,588,000 after buying an additional 482,667 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Super Micro Computer by 56.2% in the 2nd quarter. Royce & Associates LP now owns 737,292 shares of the technology company’s stock valued at $18,174,000 after buying an additional 265,164 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, Bank of America Corp DE boosted its holdings in shares of Super Micro Computer by 529.1% in the 1st quarter. Bank of America Corp DE now owns 207,060 shares of the technology company’s stock valued at $5,249,000 after buying an additional 174,145 shares in the last quarter. Institutional investors own 77.19% of the company’s stock.

A number of analysts have recently weighed in on SMCI shares. BidaskClub upgraded shares of Super Micro Computer from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and issued a $30.00 price target on shares of Super Micro Computer in a report on Friday, July 14th. ValuEngine upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. 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. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $31.00 price target (down from $33.00) on shares of Super Micro Computer in a report on Sunday, July 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $29.29.

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Super Micro Computer, Inc. (NASDAQ SMCI) opened at $20.30 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.15 and a debt-to-equity ratio of 0.12. The stock has a market cap of $988.47, a P/E ratio of 15.15, a P/E/G ratio of 1.15 and a beta of -0.12.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $717.90 million for the quarter, compared to analysts’ expectations of $714.99 million. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. The firm’s revenue was up 36.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 EPS. analysts predict that Super Micro Computer, Inc. will post 1.36 EPS for the current year.

In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of Super Micro Computer stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $27.10, for a total transaction of $135,500.00. Following the sale, the director now owns 245,000 shares of the company’s stock, valued at approximately $6,639,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.60% of the stock is owned by company insiders.

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

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