State of Wisconsin Investment Board Holds Position in Super Micro Computer Inc. (SMCI)
State of Wisconsin Investment Board continued to hold its stake in Super Micro Computer Inc. (NASDAQ:SMCI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,000 shares of the company’s stock at the end of the third quarter. State of Wisconsin Investment Board owned about 0.32% of Super Micro Computer worth $3,622,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. PineBridge Investments L.P. increased its stake in shares of Super Micro Computer by 5.2% in the second quarter. PineBridge Investments L.P. now owns 4,726 shares of the company’s stock worth $118,000 after buying an additional 233 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Super Micro Computer by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,331 shares of the company’s stock worth $132,000 after buying an additional 644 shares during the period. Springbok Capital Management LLC increased its stake in shares of Super Micro Computer by 55.0% in the first quarter. Springbok Capital Management LLC now owns 4,100 shares of the company’s stock worth $140,000 after buying an additional 1,454 shares during the period. Mason Street Advisors LLC purchased a new stake in shares of Super Micro Computer during the second quarter worth $181,000. Finally, Origin Asset Management LLP purchased a new stake in shares of Super Micro Computer during the first quarter worth $204,000. Institutional investors own 70.26% of the company’s stock.
Shares of Super Micro Computer Inc. (NASDAQ:SMCI) traded down 0.95% on Tuesday, reaching $26.10. The company’s stock had a trading volume of 241,714 shares. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 18.91 and a beta of 0.29. The stock has a 50-day moving average of $23.56 and a 200 day moving average of $23.45. Super Micro Computer Inc. has a 52 week low of $18.60 and a 52 week high of $34.69.
Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.13. Super Micro Computer had a net margin of 3.23% and a return on equity of 10.15%. The business had revenue of $529 million for the quarter, compared to the consensus estimate of $503.64 million. During the same period last year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts expect that Super Micro Computer Inc. will post $1.57 EPS for the current year.
SMCI has been the subject of a number of research analyst reports. TheStreet downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Monday, August 22nd. Zacks Investment Research upgraded Super Micro Computer from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Maxim Group upped their price objective on Super Micro Computer from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Roth Capital downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $40.00 to $22.50 in a research note on Friday, August 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Super Micro Computer in a research note on Friday, August 5th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.50.
In other Super Micro Computer news, CFO Howard Hideshima sold 20,312 shares of the stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $21.65, for a total value of $439,754.80. Following the transaction, the chief financial officer now directly owns 20,312 shares in the company, valued at $439,754.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hwei-Ming Fred Tsai sold 5,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $25.75, for a total transaction of $128,750.00. Following the completion of the transaction, the director now owns 261,000 shares in the company, valued at $6,720,750. The disclosure for this sale can be found here. 24.00% of the stock is currently owned by company 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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