California Public Employees Retirement System Sells 5,349 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

California Public Employees Retirement System cut its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 90,435 shares of the company’s stock after selling 5,349 shares during the period. California Public Employees Retirement System’s holdings in Super Micro Computer were worth $25,707,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after buying an additional 1,319,768 shares in the last quarter. Northern Trust Corp increased its position in Super Micro Computer by 7.4% in the 3rd quarter. Northern Trust Corp now owns 651,010 shares of the company’s stock valued at $178,520,000 after buying an additional 44,678 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Super Micro Computer during the 3rd quarter worth approximately $140,751,000. Bank of New York Mellon Corp increased its holdings in Super Micro Computer by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 487,044 shares of the company’s stock worth $133,557,000 after purchasing an additional 20,296 shares in the last quarter. Finally, FMR LLC increased its holdings in Super Micro Computer by 161.2% during the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock worth $131,444,000 after purchasing an additional 295,835 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on SMCI shares. The Goldman Sachs Group started coverage on Super Micro Computer in a report on Monday, March 4th. They set a “neutral” rating and a $941.00 price objective for the company. Wedbush reissued a “neutral” rating and set a $530.00 price objective on shares of Super Micro Computer in a report on Wednesday. Argus assumed coverage on Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price objective for the company. Susquehanna boosted their target price on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research note on Tuesday, January 30th. Finally, Loop Capital boosted their target price on 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $949.85.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,989 shares of company stock worth $30,113,681. Insiders own 17.60% of the company’s stock.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $857.44 on Friday. Super Micro Computer, Inc. has a 12 month low of $93.34 and a 12 month high of $1,229.00. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The business’s 50 day simple moving average is $948.90 and its 200 day simple moving average is $566.72. The company has a market cap of $47.96 billion, a price-to-earnings ratio of 66.94, a PEG ratio of 0.76 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the business earned $3.09 earnings per share. Super Micro Computer’s revenue for the quarter was up 103.0% on a year-over-year basis. Sell-side analysts forecast that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

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 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.