Super Micro Computer, Inc. (SMCI) Holdings Trimmed by State of Wisconsin Investment Board

State of Wisconsin Investment Board decreased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,089 shares of the technology company’s stock after selling 14,500 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.35% of Super Micro Computer worth $4,242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SMCI. Teachers Advisors LLC grew its holdings in shares of Super Micro Computer by 3.5% during the 4th quarter. Teachers Advisors LLC now owns 87,001 shares of the technology company’s stock worth $2,440,000 after purchasing an additional 2,979 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Super Micro Computer by 2.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the technology company’s stock worth $388,000 after purchasing an additional 300 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Super Micro Computer by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 4,160 shares of the technology company’s stock worth $105,000 after purchasing an additional 50 shares during the period. Nationwide Fund Advisors grew its holdings in shares of Super Micro Computer by 3.4% during the 1st quarter. Nationwide Fund Advisors now owns 94,748 shares of the technology company’s stock worth $2,402,000 after purchasing an additional 3,086 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Super Micro Computer by 103.4% during the 1st quarter. Russell Investments Group Ltd. now owns 95,236 shares of the technology company’s stock worth $2,414,000 after purchasing an additional 48,411 shares during the period. Institutional investors own 77.55% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/09/17/super-micro-computer-inc-smci-shares-sold-by-state-of-wisconsin-investment-board.html.

In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the transaction, the director now directly owns 245,000 shares in the company, valued at approximately $6,639,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.60% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on SMCI. KeyCorp reiterated a “hold” rating on shares of Super Micro Computer in a report on Friday, September 1st. Stifel Nicolaus set a $30.00 price target on Super Micro Computer and gave the stock a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $31.00 price target (down previously from $33.00) on shares of Super Micro Computer in a report on Sunday, July 23rd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.29.

Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 7.52% during midday trading on Friday, hitting $23.35. The company had a trading volume of 1,600,381 shares. Super Micro Computer, Inc. has a one year low of $21.26 and a one year high of $31.75. The company has a market cap of $1.14 billion, a P/E ratio of 17.43 and a beta of 0.18. The company’s 50 day moving average is $26.60 and its 200-day moving average is $25.29.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The company had revenue of $717.90 million during the quarter, compared to analysts’ expectations of $714.99 million. During the same period in the prior year, the company earned $0.20 EPS. Super Micro Computer’s revenue was up 36.9% compared to the same quarter last year. On average, equities analysts predict that Super Micro Computer, Inc. will post $2.03 EPS for the current year.

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)

Receive News & Ratings for Super Micro Computer Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply