Ameriprise Financial Inc. Has $7.46 Million Stake in Super Micro Computer, Inc. (SMCI)

Ameriprise Financial Inc. increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 53.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 302,475 shares of the technology company’s stock after buying an additional 105,433 shares during the quarter. Ameriprise Financial Inc. owned about 0.62% of Super Micro Computer worth $7,456,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SMCI. BlackRock Inc. raised its position in shares of Super Micro Computer by 46,673.4% during the 1st quarter. BlackRock Inc. now owns 4,774,160 shares of the technology company’s stock valued at $121,025,000 after buying an additional 4,763,953 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Super Micro Computer by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,827,210 shares of the technology company’s stock valued at $71,670,000 after buying an additional 386,983 shares during the period. Nuveen Asset Management LLC raised its position in shares of Super Micro Computer by 229.8% during the 1st quarter. Nuveen Asset Management LLC now owns 535,604 shares of the technology company’s stock valued at $13,578,000 after buying an additional 373,192 shares during the period. Royce & Associates LP raised its position in shares of Super Micro Computer by 56.2% during the 2nd quarter. Royce & Associates LP now owns 737,292 shares of the technology company’s stock valued at $18,174,000 after buying an additional 265,164 shares during the period. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Super Micro Computer during the 2nd quarter valued at approximately $4,839,000. 77.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) opened at 22.10 on Wednesday. The firm has a 50-day moving average price of $23.76 and a 200-day moving average price of $24.83. Super Micro Computer, Inc. has a 12 month low of $20.42 and a 12 month high of $31.75. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 16.49 and a beta of 0.15.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. The company had revenue of $717.90 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter last year, the business earned $0.20 EPS. Equities analysts expect that Super Micro Computer, Inc. will post $1.98 EPS for the current fiscal year.

A number of analysts have issued reports on the company. Stifel Nicolaus set a $30.00 target price on Super Micro Computer and gave the company a “hold” rating in a research report on Tuesday, August 15th. Maxim Group reissued a “buy” rating and issued a $43.00 target price on shares of Super Micro Computer in a research report on Friday, July 21st. ValuEngine lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. KeyCorp reissued a “hold” rating on shares of Super Micro Computer in a research report on Friday, September 1st. Finally, Zacks Investment Research raised Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $28.38.

In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of Super Micro Computer stock in a transaction 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 in the company, valued at approximately $6,639,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 24.00% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Ameriprise Financial Inc. Has $7.46 Million Stake in Super Micro Computer, Inc. (SMCI)” was originally report

Several other hedge funds have also recently added to or reduced their stakes in SMCI. BlackRock Inc. raised its position in shares of Super Micro Computer by 46,673.4% during the 1st quarter. BlackRock Inc. now owns 4,774,160 shares of the technology company’s stock valued at $121,025,000 after buying an additional 4,763,953 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Super Micro Computer by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,827,210 shares of the technology company’s stock valued at $71,670,000 after buying an additional 386,983 shares during the period. Nuveen Asset Management LLC raised its position in shares of Super Micro Computer by 229.8% during the 1st quarter. Nuveen Asset Management LLC now owns 535,604 shares of the technology company’s stock valued at $13,578,000 after buying an additional 373,192 shares during the period. Royce & Associates LP raised its position in shares of Super Micro Computer by 56.2% during the 2nd quarter. Royce & Associates LP now owns 737,292 shares of the technology company’s stock valued at $18,174,000 after buying an additional 265,164 shares during the period. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Super Micro Computer during the 2nd quarter valued at approximately $4,839,000. 77.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) opened at 22.10 on Wednesday. The firm has a 50-day moving average price of $23.76 and a 200-day moving average price of $24.83. Super Micro Computer, Inc. has a 12 month low of $20.42 and a 12 month high of $31.75. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 16.49 and a beta of 0.15.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. The company had revenue of $717.90 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter last year, the business earned $0.20 EPS. Equities analysts expect that Super Micro Computer, Inc. will post $1.98 EPS for the current fiscal year.

A number of analysts have issued reports on the company. Stifel Nicolaus set a $30.00 target price on Super Micro Computer and gave the company a “hold” rating in a research report on Tuesday, August 15th. Maxim Group reissued a “buy” rating and issued a $43.00 target price on shares of Super Micro Computer in a research report on Friday, July 21st. ValuEngine lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. KeyCorp reissued a “hold” rating on shares of Super Micro Computer in a research report on Friday, September 1st. Finally, Zacks Investment Research raised Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $28.38.

In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of Super Micro Computer stock in a transaction 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 in the company, valued at approximately $6,639,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 24.00% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Ameriprise Financial Inc. Has $7.46 Million Stake in Super Micro Computer, Inc. (SMCI)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/18/ameriprise-financial-inc-has-7-46-million-stake-in-super-micro-computer-inc-smci.html.

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.

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

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