State of New Jersey Common Pension Fund D cut its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 28.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,882 shares of the company’s stock after selling 12,771 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of Super Micro Computer worth $1,811,000 at the end of the most recent reporting period.
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Other institutional investors also recently modified their holdings of the company. Arizona State Retirement System increased its stake in shares of Super Micro Computer by 13.9% during the 2nd quarter. Arizona State Retirement System now owns 12,576 shares of the company’s stock worth $507,000 after purchasing an additional 1,531 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in Super Micro Computer by 511.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 200,171 shares of the company’s stock valued at $8,077,000 after buying an additional 167,413 shares during the last quarter. Prelude Capital Management LLC acquired a new position in Super Micro Computer in the 2nd quarter valued at about $313,000. Trexquant Investment LP grew its stake in Super Micro Computer by 20.3% in the 2nd quarter. Trexquant Investment LP now owns 13,527 shares of the company’s stock valued at $546,000 after buying an additional 2,287 shares during the last quarter. Finally, Dark Forest Capital Management LP grew its stake in Super Micro Computer by 19.1% in the 2nd quarter. Dark Forest Capital Management LP now owns 22,597 shares of the company’s stock valued at $912,000 after buying an additional 3,622 shares during the last quarter. 73.08% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
SMCI has been the topic of a number of research reports. Northland Securities upped their price target on shares of Super Micro Computer from $137.00 to $165.00 in a research note on Wednesday, November 2nd. Wedbush increased their target price on shares of Super Micro Computer from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 2nd. Finally, StockNews.com began coverage on shares of Super Micro Computer in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.
Super Micro Computer Price Performance
Shares of NASDAQ:SMCI opened at $71.98 on Friday. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 8.82 and a beta of 1.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.13 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $83.98 and a 200 day simple moving average of $68.33. Super Micro Computer, Inc. has a one year low of $34.11 and a one year high of $95.22.
Super Micro Computer (NASDAQ:SMCI – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.34. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. Super Micro Computer had a net margin of 7.38% and a return on equity of 32.20%. Research analysts predict that Super Micro Computer, Inc. will post 9.05 earnings per share for the current fiscal year.
Insider Transactions at Super Micro Computer
In other Super Micro Computer news, CEO Charles Liang sold 50,000 shares of the firm’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $82.49, for a total value of $4,124,500.00. Following the transaction, the chief executive officer now directly owns 6,668,273 shares of the company’s stock, valued at $550,065,839.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Shiu Leung Chan acquired 1,000 shares of the stock in a transaction on Friday, November 4th. The shares were acquired at an average price of $76.00 per share, with a total value of $76,000.00. Following the completion of the transaction, the director now owns 11,975 shares in the company, valued at approximately $910,100. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Liang sold 50,000 shares of Super Micro Computer stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $82.49, for a total transaction of $4,124,500.00. Following the completion of the sale, the chief executive officer now directly owns 6,668,273 shares in the company, valued at approximately $550,065,839.77. The disclosure for this sale can be found here. Insiders sold a total of 143,351 shares of company stock worth $10,989,504 over the last three months. 14.50% of the stock is owned by company insiders.
Super Micro Computer Profile
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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