Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 15.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,159 shares of the company’s stock after selling 4,265 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Super Micro Computer were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SMCI. Eastern Bank purchased a new position in shares of Super Micro Computer during the first quarter worth approximately $29,000. Bernard Wealth Management Corp. purchased a new position in shares of Super Micro Computer during the fourth quarter worth approximately $33,000. Quarry LP purchased a new position in Super Micro Computer in the 4th quarter valued at $34,000. Central Pacific Bank Trust Division purchased a new position in Super Micro Computer in the 1st quarter valued at $34,000. Finally, IMG Wealth Management Inc. grew its position in Super Micro Computer by 90.7% in the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company’s stock valued at $36,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $60.00, for a total value of $12,000,000.00. Following the sale, the director directly owned 40,426,120 shares in the company, valued at $2,425,567,200. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Liang sold 200,000 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 40,426,120 shares of the company’s stock, valued at $2,425,567,200. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,067,000 shares of company stock worth $53,949,340 in the last three months. Corporate insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Needham & Company LLC lifted their price objective on shares of Super Micro Computer from $39.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. KGI Securities assumed coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They issued a “neutral” rating on the stock. Rosenblatt Securities lowered their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. Finally, Citigroup reiterated a “neutral” rating and issued a $52.00 price objective (up from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.75.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $46.43 on Wednesday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $66.44. The company has a quick ratio of 3.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.74. The firm’s 50-day simple moving average is $48.75 and its 200 day simple moving average is $41.74. The firm has a market capitalization of $27.71 billion, a PE ratio of 27.97, a P/E/G ratio of 1.20 and a beta of 1.46.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). Super Micro Computer had a return on equity of 17.14% and a net margin of 4.77%. The business had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter in the prior year, the firm earned $6.25 earnings per share. Super Micro Computer’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

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.