Disciplined Growth Investors Inc. MN raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,376,505 shares of the technology company’s stock after buying an additional 4,370 shares during the quarter. Disciplined Growth Investors Inc. MN owned about 4.87% of Super Micro Computer worth $58,581,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE lifted its stake 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 valued at $154,000 after buying an additional 176 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Super Micro Computer by 79.6% in the second quarter. State of Alaska Department of Revenue now owns 7,471 shares of the technology company’s stock valued at $184,000 after buying an additional 3,311 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake 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 valued at $195,000 after buying an additional 755 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Super Micro Computer in the second quarter valued at approximately $202,000. Finally, Aperio Group LLC lifted its stake in Super Micro Computer by 0.8% in the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock valued at $203,000 after buying an additional 68 shares in the last quarter. 77.39% of the stock is currently owned by hedge funds and other institutional investors.
In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the transaction, the director now directly owns 245,000 shares in the company, valued at approximately $6,639,500. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.60% of the stock is currently owned by company insiders.
Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 1.11% during mid-day trading on Friday, hitting $22.75. 111,722 shares of the stock were exchanged. The stock has a market capitalization of $1.11 billion, a P/E ratio of 16.98 and a beta of 0.15. Super Micro Computer, Inc. has a 12-month low of $20.42 and a 12-month high of $31.75. The stock’s 50 day moving average price is $24.00 and its 200-day moving average price is $24.86.
Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The business had revenue of $717.90 million for the quarter, compared to analysts’ expectations of $714.99 million. During the same period last year, the business earned $0.20 EPS. The business’s revenue was up 36.9% on a year-over-year basis. On average, equities research analysts expect that Super Micro Computer, Inc. will post $1.98 EPS for the current fiscal year.
SMCI has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 price target on shares of Super Micro Computer in a research note on Friday, July 14th. Citigroup Inc. cut their price objective on shares of Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $31.00 price objective (down previously from $33.00) on shares of Super Micro Computer in a research report on Sunday, July 23rd. Zacks Investment Research raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, BidaskClub raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.38.
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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.
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