California Public Employees Retirement System Has $1.16 Million Stake in Super Micro Computer, Inc. (SMCI)

California Public Employees Retirement System decreased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 8.4% during the first quarter, Holdings Channel reports. The institutional investor owned 45,700 shares of the technology company’s stock after selling 4,200 shares during the period. California Public Employees Retirement System’s holdings in Super Micro Computer were worth $1,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue boosted its position in Super Micro Computer by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 4,160 shares of the technology company’s stock worth $105,000 after buying an additional 50 shares during the period. US Bancorp DE boosted its position in Super Micro Computer by 3.0% in the first quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock worth $154,000 after buying an additional 176 shares during the period. BNP Paribas Arbitrage SA boosted its position in Super Micro Computer by 10.9% in the first quarter. BNP Paribas Arbitrage SA now owns 7,695 shares of the technology company’s stock worth $195,000 after buying an additional 755 shares during the period. Karp Capital Management Corp purchased a new position in Super Micro Computer during the first quarter worth $207,000. Finally, Stevens Capital Management LP purchased a new position in Super Micro Computer during the first quarter worth $213,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

Shares of Super Micro Computer, Inc. (SMCI) opened at 26.70 on Thursday. Super Micro Computer, Inc. has a 52 week low of $20.77 and a 52 week high of $31.75. The stock has a market cap of $1.30 billion, a PE ratio of 19.93 and a beta of 0.17. The firm has a 50-day moving average of $25.71 and a 200 day moving average of $25.33.

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

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SMCI has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Stifel Nicolaus restated a “hold” rating and set a $30.00 target price on shares of Super Micro Computer in a research note on Friday, July 14th. ValuEngine cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Maxim Group restated a “buy” rating and set a $43.00 target price (up previously from $40.00) on shares of Super Micro Computer in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $31.29.

In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 6,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $24.10, for a total transaction of $144,600.00. Following the transaction, the director now directly owns 254,000 shares of the company’s stock, valued at $6,121,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $24.35, for a total transaction of $48,700.00. Following the transaction, the vice president now directly owns 3,137 shares in the company, valued at $76,385.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,000 shares of company stock worth $487,510. Insiders own 23.60% of the company’s stock.

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

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