California Public Employees Retirement System reduced its position in shares of Super Micro Computer Inc. (NASDAQ:SMCI) by 2.7% during the second quarter, Holdings Channel reports. The firm owned 53,900 shares of the company’s stock after selling 1,500 shares during the period. California Public Employees Retirement System owned approximately 0.11% of Super Micro Computer worth $1,339,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Springbok Capital Management LLC raised its position in 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. Origin Asset Management LLP bought a new position in Super Micro Computer during the first quarter worth $204,000. Suntrust Banks Inc. raised its position in Super Micro Computer by 6.3% in the second quarter. Suntrust Banks Inc. now owns 8,496 shares of the company’s stock worth $210,000 after buying an additional 505 shares during the period. HBK Investments L P bought a new position in Super Micro Computer during the first quarter worth $267,000. Finally, Aperio Group LLC bought a new position in Super Micro Computer during the first quarter worth $269,000. Institutional investors and hedge funds own 73.25% of the company’s stock.
Super Micro Computer Inc. (NASDAQ:SMCI) traded down 3.398% during midday trading on Thursday, hitting $21.465. The stock had a trading volume of 143,849 shares. The stock has a 50-day moving average of $22.31 and a 200-day moving average of $24.98. The firm has a market cap of $1.04 billion, a P/E ratio of 15.442 and a beta of 0.66. 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 issued its earnings results on Thursday, August 4th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The business earned $524.30 million during the quarter, compared to analyst estimates of $599.48 million. Super Micro Computer had a net margin of 3.54% and a return on equity of 11.48%. Super Micro Computer’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. Analysts forecast that Super Micro Computer Inc. will post $1.40 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, October 5th. Maxim Group raised their price objective on Super Micro Computer from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, September 23rd. Needham & Company LLC decreased their price objective on Super Micro Computer from $31.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Stifel Nicolaus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Finally, TheStreet lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Super Micro Computer presently has a consensus rating of “Buy” and a consensus price target of $29.31.
In other news, insider Yih-Shyan Wally Liaw sold 20,000 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $21.51, for a total value of $430,200.00. Following the completion of the sale, the insider now directly owns 20,000 shares in the company, valued at $430,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Howard Hideshima sold 20,312 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $21.65, for a total transaction of $439,754.80. Following the completion of the sale, the chief financial officer now owns 20,312 shares of the company’s stock, valued at $439,754.80. The disclosure for this sale can be found here. 24.00% of the stock is currently owned by insiders.
About Super Micro Computer
Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and 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.