Super Micro Computer, Inc. (SMCI) Position Held by State of Tennessee Treasury Department

Super Micro Computer, Inc. (SMCI) Position Held by State of Tennessee Treasury Department

State of Tennessee Treasury Department continued to hold its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,085 shares of the company’s stock at the end of the third quarter. State of Tennessee Treasury Department owned approximately 0.06% of Super Micro Computer worth $680,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SMCI. Northpointe Capital LLC increased its stake in 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. BlackRock Fund Advisors increased its stake in Super Micro Computer by 9.5% in the third quarter. BlackRock Fund Advisors now owns 2,668,749 shares of the company’s stock worth $62,369,000 after buying an additional 231,294 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Super Micro Computer during the second quarter worth about $616,000. Bank of New York Mellon Corp increased its stake in Super Micro Computer by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 461,231 shares of the company’s stock worth $10,779,000 after buying an additional 1,387 shares in the last quarter. Finally, Icon Advisers Inc. Co. increased its stake in Super Micro Computer by 153.1% in the third quarter. Icon Advisers Inc. Co. now owns 93,900 shares of the company’s stock worth $2,194,000 after buying an additional 56,800 shares in the last quarter. 69.11% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 4.55% during trading on Friday, reaching $27.25. 1,042,201 shares of the company were exchanged. The firm’s 50-day moving average is $28.27 and its 200 day moving average is $24.18. Super Micro Computer, Inc. has a one year low of $18.60 and a one year high of $34.69. The company has a market capitalization of $1.31 billion, a P/E ratio of 19.75 and a beta of 0.31.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Thursday, January 26th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm earned $651.90 million during the quarter, compared to the consensus estimate of $608.40 million. Super Micro Computer had a net margin of 3.23% and a return on equity of 10.15%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. On average, analysts anticipate that Super Micro Computer, Inc. will post $1.56 EPS for the current fiscal year.

SMCI has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, October 5th. Roth Capital raised shares of Super Micro Computer from a “neutral” rating to a “buy” rating in a report on Friday, January 20th. TheStreet raised shares of Super Micro Computer from a “hold” rating to a “buy” rating in a report on Thursday, November 17th. DA Davidson raised shares of Super Micro Computer from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $32.00 in a report on Wednesday, November 30th. Finally, Maxim Group upped their price target on shares of Super Micro Computer from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $31.63.

In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of Super Micro Computer stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $25.75, for a total value of $128,750.00. Following the completion of the transaction, the director now owns 261,000 shares in the company, valued at $6,720,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 6,000 shares of company stock valued at $154,340 in the last quarter. Corporate insiders own 23.60% of the company’s stock.

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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