Vanguard Group Inc. lowered its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,492,965 shares of the technology company’s stock after selling 32,485 shares during the period. Vanguard Group Inc. owned approximately 7.21% of Super Micro Computer worth $88,547,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Super Micro Computer during the fourth quarter valued at $11,432,000. Macquarie Group Ltd. increased 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 valued at $36,082,000 after buying an additional 8,106 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Super Micro Computer during the first quarter valued at $207,000. Pacific Ridge Capital Partners LLC increased its stake in shares of 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 valued at $1,887,000 after buying an additional 28,280 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Super Micro Computer by 1.2% in the first quarter. Principal Financial Group Inc. now owns 286,328 shares of the technology company’s stock valued at $7,258,000 after buying an additional 3,302 shares during the last quarter. 72.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Super Micro Computer, Inc. (SMCI) opened at 26.75 on Friday. Super Micro Computer, Inc. has a 52 week low of $20.77 and a 52 week high of $31.75. The company’s 50-day moving average is $26.25 and its 200-day moving average is $25.32. The firm 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 issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $717.90 million during the quarter, compared to analyst estimates of $714.99 million. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. The business’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Analysts forecast that Super Micro Computer, Inc. will post $2.03 EPS for the current fiscal year.
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A number of equities research analysts have commented on the stock. ValuEngine raised shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Maxim Group reissued a “buy” rating and issued a $43.00 price objective on shares of Super Micro Computer in a research report on Friday, July 21st. BidaskClub downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Zacks Investment Research cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus set a $30.00 target price on shares of Super Micro Computer and gave the company a “hold” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.29.
In other Super Micro Computer news, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $48,700.00. Following the completion of the transaction, the vice president now directly owns 3,137 shares of the company’s stock, valued at approximately $76,385.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,000 shares of company stock valued at $487,510. 23.60% of the stock is currently owned by corporate insiders.
Super Micro Computer Company 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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