Super Micro Computer, Inc. (SMCI) Shares Sold by BlackRock Inc.

BlackRock Inc. reduced its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,675,877 shares of the technology company’s stock after selling 98,283 shares during the quarter. BlackRock Inc. owned 9.60% of Super Micro Computer worth $115,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Super Micro Computer by 15.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,827,210 shares of the technology company’s stock worth $71,670,000 after acquiring an additional 386,983 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Super Micro Computer by 3.2% during the 1st quarter. Macquarie Group Ltd. now owns 1,327,590 shares of the technology company’s stock valued at $33,654,000 after purchasing an additional 41,250 shares during the last quarter. State Street Corp increased its position in shares of Super Micro Computer by 13.4% during the 1st quarter. State Street Corp now owns 927,569 shares of the technology company’s stock valued at $23,511,000 after purchasing an additional 109,279 shares during the last quarter. Kennedy Capital Management Inc. increased its position in shares of Super Micro Computer by 8.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 909,983 shares of the technology company’s stock valued at $22,431,000 after purchasing an additional 69,886 shares during the last quarter. Finally, Royce & Associates LP increased 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 purchasing an additional 265,164 shares during the last quarter. Institutional investors and hedge funds own 77.39% of the company’s stock.

Super Micro Computer, Inc. (NASDAQ:SMCI) opened at 22.05 on Thursday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.46 and a beta of 0.15. Super Micro Computer, Inc. has a 12 month low of $20.42 and a 12 month high of $31.75. The stock’s 50 day moving average price is $23.42 and its 200 day moving average price is $24.77.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $714.99 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. Equities research analysts anticipate that Super Micro Computer, Inc. will post $1.98 earnings per share for the current fiscal year.

In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the sale, the director now directly owns 245,000 shares of the company’s stock, valued at $6,639,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.60% of the company’s stock.

Several equities analysts have recently commented on the company. Susquehanna Bancshares Inc lowered Super Micro Computer from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $31.00 to $23.00 in a research report on Tuesday, September 19th. ValuEngine upgraded Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. DA Davidson lowered Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $27.00 in a research report on Monday, September 18th. Maxim Group reiterated a “buy” rating and set a $43.00 price objective on shares of Super Micro Computer in a research report on Friday, July 21st. Finally, Stifel Nicolaus set a $30.00 price objective on Super Micro Computer and gave the company a “hold” rating in a research report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $28.38.

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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.

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

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