Nationwide Fund Advisors boosted its position in shares of Super Micro Computer Inc. (NASDAQ:SMCI) by 90.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,587 shares of the company’s stock after buying an additional 30,675 shares during the period. Nationwide Fund Advisors owned approximately 0.13% of Super Micro Computer worth $1,605,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in SMCI. Springbok Capital Management LLC raised its stake in Super Micro Computer by 55.0% in the first quarter. Springbok Capital Management LLC now owns 4,100 shares of the company’s stock worth $140,000 after buying an additional 1,454 shares during the period. Origin Asset Management LLP bought a new stake in Super Micro Computer during the first quarter worth about $204,000. Suntrust Banks Inc. raised its stake in Super Micro Computer by 6.3% in the second quarter. Suntrust Banks Inc. now owns 8,496 shares of the company’s stock worth $210,000 after buying an additional 505 shares during the period. Partnervest Advisory Services LLC raised its stake in Super Micro Computer by 7.5% in the second quarter. Partnervest Advisory Services LLC now owns 10,144 shares of the company’s stock worth $252,000 after buying an additional 710 shares during the period. Finally, HBK Investments L P bought a new stake in Super Micro Computer during the first quarter worth about $267,000. 73.23% of the stock is owned by institutional investors and hedge funds.
Super Micro Computer Inc. (NASDAQ:SMCI) opened at 21.41 on Monday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 15.40 and a beta of 0.66. The stock’s 50 day moving average price is $22.29 and its 200 day moving average price is $24.87. Super Micro Computer Inc. has a 52-week low of $18.60 and a 52-week high of $34.69.
Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Super Micro Computer had a return on equity of 11.48% and a net margin of 3.54%. The company had revenue of $524.30 million for the quarter, compared to analyst estimates of $599.48 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts forecast that Super Micro Computer Inc. will post $1.40 EPS for the current year.
A number of equities research analysts have recently issued reports on SMCI shares. TheStreet lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Zacks Investment Research upgraded Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 21st. Maxim Group upped their price target on Super Micro Computer from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Stifel Nicolaus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Finally, DA Davidson lowered Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $19.00 in a research report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Super Micro Computer presently has a consensus rating of “Buy” and an average target price of $29.31.
In other Super Micro Computer news, insider Yih-Shyan Wally Liaw sold 20,000 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $21.51, for a total value of $430,200.00. Following the completion of the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $430,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Howard Hideshima sold 20,312 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $21.65, for a total value of $439,754.80. Following the completion of the transaction, the chief financial officer now owns 20,312 shares of the company’s stock, valued at $439,754.80. The disclosure for this sale can be found here. Corporate insiders own 24.00% of the company’s stock.
Super Micro Computer Company Profile
Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and 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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