Today, 10,100 Shares of Super Micro Computer Inc. (SMCI) are sold by Virginia Retirement Systems ET AL

Today, 10,100 Shares of Super Micro Computer Inc. (SMCI) are sold by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL decreased its position in shares of Super Micro Computer Inc. (NASDAQ:SMCI) by 40.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,700 shares of the company’s stock after selling 10,100 shares during the period. Virginia Retirement Systems ET AL’s holdings in Super Micro Computer were worth $344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in shares of Super Micro Computer by 3.5% in the second quarter. California State Teachers Retirement System now owns 81,063 shares of the company’s stock worth $2,014,000 after buying an additional 2,720 shares in the last quarter. Northpointe Capital LLC boosted its position in shares of Super Micro Computer by 41.2% in the second quarter. Northpointe Capital LLC now owns 415,062 shares of the company’s stock worth $10,314,000 after buying an additional 121,090 shares in the last quarter. Redwood Investments LLC boosted its position in shares of Super Micro Computer by 19.1% in the second quarter. Redwood Investments LLC now owns 142,098 shares of the company’s stock worth $3,531,000 after buying an additional 22,819 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of Super Micro Computer by 16.5% in the second quarter. GW&K Investment Management LLC now owns 373,478 shares of the company’s stock worth $9,281,000 after buying an additional 52,897 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Super Micro Computer by 2.4% in the second quarter. Capstone Asset Management Co. now owns 10,850 shares of the company’s stock worth $270,000 after buying an additional 250 shares in the last quarter. 67.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Super Micro Computer Inc. (NASDAQ:SMCI) traded up 0.37% during trading on Friday, reaching $26.85. The company’s stock had a trading volume of 87,949 shares. Super Micro Computer Inc. has a 12-month low of $18.60 and a 12-month high of $34.69. The company has a 50 day moving average of $23.45 and a 200 day moving average of $23.49. The company has a market cap of $1.29 billion, a PE ratio of 19.46 and a beta of 0.29.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Thursday, October 27th. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.13. The business earned $529 million during the quarter, compared to analyst estimates of $503.64 million. Super Micro Computer had a return on equity of 10.15% and a net margin of 3.23%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. On average, analysts anticipate that Super Micro Computer Inc. will post $1.57 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. TheStreet raised Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Thursday, November 17th. Roth Capital set a $24.00 price objective on Super Micro Computer and gave the company a “hold” rating in a research note on Sunday, October 30th. Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, October 5th. Maxim Group boosted their price objective on Super Micro Computer from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, September 23rd. Finally, Needham & Company LLC reiterated 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $29.50.

In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $25.75, for a total value of $128,750.00. Following the transaction, the director now directly owns 261,000 shares in the company, valued at approximately $6,720,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Howard Hideshima sold 20,312 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $21.65, for a total value of $439,754.80. Following the completion of the transaction, the chief financial officer now owns 20,312 shares in the company, valued at $439,754.80. The disclosure for this sale can be found here. 24.00% of the stock is owned by insiders.

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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