US Bancorp DE Cuts Position in Super Micro Computer, Inc. (SMCI)
US Bancorp DE decreased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 18.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,975 shares of the technology company’s stock after selling 1,100 shares during the period. US Bancorp DE’s holdings in Super Micro Computer were worth $123,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake 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 last quarter. BNP Paribas Arbitrage SA increased its position in shares of 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. Aperio Group LLC increased its position in shares of 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. Karp Capital Management Corp bought a new position in shares of Super Micro Computer during the first quarter valued at about $207,000. Finally, Stevens Capital Management LP bought a new position in shares of Super Micro Computer during the first quarter valued at about $213,000. Institutional investors own 77.55% of the company’s stock.
Shares of Super Micro Computer, Inc. (SMCI) traded down 6.25% on Wednesday, hitting $25.50. The company had a trading volume of 692,717 shares. Super Micro Computer, Inc. has a 12 month low of $20.77 and a 12 month high of $31.75. The stock has a market cap of $1.24 billion, a PE ratio of 19.03 and a beta of 0.17. The company has a 50-day moving average of $26.57 and a 200 day moving average of $25.37.
Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. The firm had revenue of $717.90 million during the quarter, compared to analysts’ expectations of $714.99 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. Analysts anticipate that Super Micro Computer, Inc. will post $2.03 EPS for the current fiscal year.
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SMCI has been the subject of several research reports. Susquehanna Bancshares Inc restated a “positive” rating and set a $31.00 price objective (down from $33.00) on shares of Super Micro Computer in a research report on Sunday, July 23rd. ValuEngine upgraded Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. BidaskClub downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Zacks Investment Research downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $30.00 price objective on shares of Super Micro Computer in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $31.29.
In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of Super Micro Computer stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $27.10, for a total value of $135,500.00. Following the transaction, the director now owns 245,000 shares of the company’s stock, valued at $6,639,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 24.00% 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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