BlackRock Inc. increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 46,673.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,774,160 shares of the technology company’s stock after buying an additional 4,763,953 shares during the period. BlackRock Inc. owned about 9.86% of Super Micro Computer worth $121,025,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of SMCI. Cambiar Investors LLC acquired a new position in shares of Super Micro Computer during the first quarter worth $19,909,000. United Services Automobile Association increased its position in shares of Super Micro Computer by 346.3% in the first quarter. United Services Automobile Association now owns 535,500 shares of the technology company’s stock worth $13,575,000 after buying an additional 415,500 shares in the last quarter. Norges Bank acquired a new position in shares of Super Micro Computer during the fourth quarter worth $11,432,000. Dimensional Fund Advisors LP increased its position in shares of Super Micro Computer by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,827,210 shares of the technology company’s stock worth $71,670,000 after buying an additional 386,983 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its position in shares of Super Micro Computer by 52.7% in the first quarter. Kennedy Capital Management Inc. now owns 840,097 shares of the technology company’s stock worth $21,296,000 after buying an additional 290,066 shares in the last quarter. Institutional investors own 71.58% of the company’s stock.
Super Micro Computer, Inc. (NASDAQ SMCI) opened at 26.75 on Wednesday. The firm has a market cap of $1.30 billion, a P/E ratio of 23.44 and a beta of 0.17. Super Micro Computer, Inc. has a 12-month low of $20.77 and a 12-month high of $31.75. The company has a 50-day moving average price of $25.53 and a 200-day moving average price of $25.36.
Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The firm had revenue of $717.90 million for the quarter, compared to analyst estimates of $714.99 million. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The business’s quarterly revenue was up 36.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. On average, analysts predict that Super Micro Computer, Inc. will post $1.98 earnings per share for the current year.
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A number of equities analysts have recently weighed in on SMCI shares. Maxim Group reiterated a “buy” rating and issued a $43.00 target price (up previously from $40.00) on shares of Super Micro Computer in a report on Friday, April 28th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $31.00 target price (down previously from $33.00) on shares of Super Micro Computer in a report on Sunday, July 23rd. BidaskClub downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. ValuEngine upgraded Super Micro Computer from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 target price on shares of Super Micro Computer in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Super Micro Computer presently has a consensus rating of “Buy” and an average price target of $31.29.
In other Super Micro Computer news, Director Sherman Tuan sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total transaction of $245,100.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $196,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the transaction, the vice president now directly owns 3,137 shares in the company, valued at approximately $76,385.95. The disclosure for this sale can be found here. Insiders have sold a total of 21,000 shares of company stock worth $511,580 in the last ninety days. Insiders own 24.00% of the company’s stock.
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.
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