Great West Life Assurance Co. Can continued to hold its stake in Super Micro Computer Inc. (NASDAQ:SMCI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,618 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Super Micro Computer were worth $123,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Prudential Financial Inc. raised its stake in Super Micro Computer by 28.3% in the first quarter. Prudential Financial Inc. now owns 108,403 shares of the company’s stock worth $3,694,000 after buying an additional 23,900 shares during the period. Apex Capital Management raised its stake in Super Micro Computer by 20.3% in the first quarter. Apex Capital Management now owns 291,219 shares of the company’s stock worth $9,925,000 after buying an additional 49,075 shares during the period. BlackRock Group LTD raised its stake in Super Micro Computer by 7.7% in the first quarter. BlackRock Group LTD now owns 36,464 shares of the company’s stock worth $1,242,000 after buying an additional 2,603 shares during the period. Algert Global LLC bought a new stake in Super Micro Computer during the first quarter worth about $489,000. Finally, HBK Investments L P bought a new stake in Super Micro Computer during the first quarter worth about $267,000. Institutional investors and hedge funds own 73.25% of the company’s stock.
Super Micro Computer Inc. (NASDAQ:SMCI) traded down 0.34% on Monday, reaching $23.41. The company’s stock had a trading volume of 270,021 shares. Super Micro Computer Inc. has a 52 week low of $18.60 and a 52 week high of $34.69. The firm has a 50 day moving average price of $21.75 and a 200 day moving average price of $25.84. The stock has a market capitalization of $1.14 billion, a P/E ratio of 16.84 and a beta of 0.74.
Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Super Micro Computer had a return on equity of 11.48% and a net margin of 3.54%. The company had revenue of $524.30 million for the quarter, compared to analyst estimates of $599.48 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, equities analysts anticipate that Super Micro Computer Inc. will post $1.40 EPS for the current year.
A number of equities research analysts have recently issued reports on SMCI shares. TheStreet lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Zacks Investment Research upgraded Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 21st. Stifel Nicolaus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Maxim Group increased their price objective on Super Micro Computer from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday. Finally, DA Davidson lowered Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $19.00 in a research report on Tuesday, July 19th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Super Micro Computer has an average rating of “Hold” and an average target price of $30.69.
In related news, CFO Howard Hideshima sold 20,312 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $21.65, for a total transaction of $439,754.80. Following the completion of the transaction, the chief financial officer now directly owns 20,312 shares in the company, valued at approximately $439,754.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yih-Shyan Wally Liaw sold 20,000 shares of Super Micro Computer stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $21.51, for a total value of $430,200.00. Following the transaction, the insider now owns 20,000 shares of the company’s stock, valued at $430,200. The disclosure for this sale can be found here. Corporate insiders own 24.00% of the company’s stock.
About Super Micro Computer
Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and 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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