Kentucky Retirement Systems Buys Shares of 3,696 Super Micro Computer, Inc. (NASDAQ:SMCI)

Kentucky Retirement Systems purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the first quarter, HoldingsChannel reports. The firm purchased 3,696 shares of the company’s stock, valued at approximately $3,733,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SMCI. Bank of New Hampshire acquired a new stake in Super Micro Computer in the 1st quarter valued at approximately $35,000. VitalStone Financial LLC boosted its position in shares of Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after buying an additional 25 shares during the period. Larson Financial Group LLC grew its stake in shares of Super Micro Computer by 186.7% in the first quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock valued at $43,000 after buying an additional 28 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares during the period. Finally, Silicon Valley Capital Partners acquired a new position in Super Micro Computer during the 1st quarter worth about $51,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SMCI. Rosenblatt Securities reiterated a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 1st. Wedbush upped their target price on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Nomura lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price on the stock. in a report on Wednesday, July 10th. Loop Capital boosted their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group reduced their price objective on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average target price of $999.92.

Super Micro Computer Stock Up 2.4 %

NASDAQ:SMCI traded up $16.58 during trading hours on Friday, hitting $712.19. The company’s stock had a trading volume of 4,382,184 shares, compared to its average volume of 6,271,515. Super Micro Computer, Inc. has a 52-week low of $226.59 and a 52-week high of $1,229.00. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $39.83 billion, a P/E ratio of 39.92, a price-to-earnings-growth ratio of 0.45 and a beta of 1.27. The stock has a fifty day moving average of $837.57 and a 200-day moving average of $819.96.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, equities analysts forecast that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Insider Transactions at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now directly owns 18,887 shares in the company, valued at approximately $15,147,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the sale, the director now owns 27,813 shares in the company, valued at $23,339,835.21. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,325 shares of company stock worth $1,116,736. 17.60% of the stock is currently owned by insiders.

About Super Micro Computer

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