State of Tennessee Treasury Department continued to hold its position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 34,255 shares of the technology company’s stock at the end of the second quarter. State of Tennessee Treasury Department owned 0.07% of Super Micro Computer worth $844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Super Micro Computer by 3.0% during the 1st quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock valued at $154,000 after purchasing an additional 176 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Super Micro Computer by 79.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,471 shares of the technology company’s stock valued at $184,000 after purchasing an additional 3,311 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Super Micro Computer by 10.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,695 shares of the technology company’s stock valued at $195,000 after purchasing an additional 755 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Super Micro Computer during the 1st quarter valued at $207,000. Finally, Aperio Group LLC grew its position in shares of Super Micro Computer by 0.8% during the 2nd quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock valued at $203,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 77.39% of the company’s stock.

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Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) opened at 22.30 on Thursday. The company has a market capitalization of $1.09 billion, a P/E ratio of 16.64 and a beta of 0.18. The stock’s 50 day moving average is $26.27 and its 200-day moving average is $25.21. Super Micro Computer, Inc. has a 12-month low of $20.42 and a 12-month high of $31.75.

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

A number of research analysts have recently commented on SMCI shares. KeyCorp restated a “hold” rating on shares of Super Micro Computer in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Stifel Nicolaus restated a “hold” rating and set a $30.00 price target on shares of Super Micro Computer in a research report on Friday, July 14th. Finally, Citigroup Inc. reduced their price target on shares of Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $28.38.

In related news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $27.10, for a total transaction of $135,500.00. Following the completion of the transaction, the director now directly owns 245,000 shares of the company’s stock, valued at $6,639,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.60% of the company’s stock.

Super Micro Computer 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.

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

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