Super Micro Computer, Inc. (SMCI) Shares Bought by LSV Asset Management

LSV Asset Management grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 266,020 shares of the technology company’s stock after purchasing an additional 17,900 shares during the period. LSV Asset Management owned approximately 0.55% of Super Micro Computer worth $6,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Aperio Group LLC boosted its position in shares of Super Micro Computer by 0.8% during the 2nd quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock worth $203,000 after purchasing an additional 68 shares in the last quarter. US Bancorp DE boosted its position in shares of Super Micro Computer by 3.0% in the 1st quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock worth $154,000 after buying an additional 176 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Super Micro Computer by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the technology company’s stock worth $382,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Super Micro Computer by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 19,850 shares of the technology company’s stock worth $489,000 after buying an additional 200 shares in the last quarter. Finally, Ironwood Investment Management LLC boosted its position in shares of Super Micro Computer by 0.9% in the 1st quarter. Ironwood Investment Management LLC now owns 34,650 shares of the technology company’s stock worth $878,000 after buying an additional 300 shares in the last quarter. Institutional investors own 77.55% of the company’s stock.

Shares of Super Micro Computer, Inc. (SMCI) opened at 23.35 on Friday. The company’s 50-day moving average is $26.60 and its 200-day moving average is $25.29. Super Micro Computer, Inc. has a 52-week low of $21.26 and a 52-week high of $31.75. The firm has a market cap of $1.14 billion, a P/E ratio of 17.43 and a beta of 0.18.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The company had revenue of $717.90 million during the quarter, compared to the consensus estimate of $714.99 million. During the same period last year, the business earned $0.20 EPS. The business’s quarterly revenue was up 36.9% on a year-over-year basis. Equities research analysts forecast that Super Micro Computer, Inc. will post $2.03 earnings per share for the current fiscal year.

In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the completion of the sale, the director now directly owns 245,000 shares of the company’s stock, valued at approximately $6,639,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.60% of the stock is owned by company insiders.

Several equities research analysts recently commented on SMCI shares. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $31.00 price objective (down from $33.00) on shares of Super Micro Computer in a research report on Sunday, July 23rd. ValuEngine upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. BidaskClub lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Zacks Investment Research lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $30.00 target price on shares of Super Micro Computer in a research note on Friday, July 14th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $31.29.

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About Super Micro Computer

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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