Pzena Investment Management LLC Has $21.86 Million Stake in … – MarketBeat

Pzena Investment Management LLC Has $21.86 Million Stake in …  MarketBeat

Pzena Investment Management LLC decreased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCIGet Rating) by 64.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 396,954 shares of the company’s stock after selling 730,162 shares during the period. Pzena Investment Management LLC owned about 0.76% of Super Micro Computer worth $21,860,000 as of its most recent filing with the Securities and Exchange Commission.

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Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Super Micro Computer by 1.5% in the first quarter. Vanguard Group Inc. now owns 4,414,947 shares of the company’s stock valued at $168,077,000 after purchasing an additional 66,035 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Super Micro Computer by 8.7% in the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after purchasing an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Super Micro Computer by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock valued at $62,035,000 after purchasing an additional 171,335 shares in the last quarter. State Street Corp increased its holdings in shares of Super Micro Computer by 0.7% in the second quarter. State Street Corp now owns 884,008 shares of the company’s stock valued at $35,670,000 after purchasing an additional 6,241 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Super Micro Computer by 379.5% in the second quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock valued at $24,586,000 after purchasing an additional 482,230 shares in the last quarter. Institutional investors and hedge funds own 73.08% of the company’s stock.

Analyst Ratings Changes

SMCI has been the subject of a number of research reports. Northland Securities raised their price target on shares of Super Micro Computer from $137.00 to $165.00 in a report on Wednesday, November 2nd. Wedbush raised their price objective on shares of Super Micro Computer from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, November 2nd. Finally, StockNews.com initiated coverage on shares of Super Micro Computer in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 44,000 shares of Super Micro Computer stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $75.00, for a total transaction of $3,300,000.00. Following the transaction, the chief executive officer now directly owns 2,646 shares of the company’s stock, valued at $198,450. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Shiu Leung Chan acquired 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were acquired at an average cost of $81.20 per share, with a total value of $487,200.00. Following the transaction, the director now owns 21,475 shares of the company’s stock, valued at approximately $1,743,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 44,000 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $75.00, for a total transaction of $3,300,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,646 shares in the company, valued at $198,450. The disclosure for this sale can be found here. Insiders have sold a total of 143,351 shares of company stock valued at $10,989,504 over the last three months. 14.50% of the stock is currently owned by corporate insiders.

Super Micro Computer Price Performance

Shares of SMCI stock opened at $78.25 on Wednesday. The firm’s 50 day moving average price is $83.64 and its two-hundred day moving average price is $69.25. The stock has a market cap of $4.14 billion, a PE ratio of 9.59 and a beta of 1.45. Super Micro Computer, Inc. has a 52-week low of $34.11 and a 52-week high of $95.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 2.13.

Super Micro Computer (NASDAQ:SMCIGet Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.34. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Super Micro Computer had a net margin of 7.38% and a return on equity of 32.20%. As a group, analysts forecast that Super Micro Computer, Inc. will post 9.24 EPS for the current year.

About Super Micro Computer

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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.

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