Dimensional Fund Advisors LP Buys 482,667 Shares of Super Micro Computer, Inc. (SMCI)

Dimensional Fund Advisors LP increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 17.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,309,877 shares of the technology company’s stock after purchasing an additional 482,667 shares during the period. Dimensional Fund Advisors LP owned 6.80% of Super Micro Computer worth $81,588,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aperio Group LLC lifted its holdings in shares of Super Micro Computer by 0.8% in 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 during the last quarter. US Bancorp DE lifted its holdings 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 purchasing an additional 176 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings 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 purchasing an additional 200 shares during the last quarter. Arizona State Retirement System lifted its holdings 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 purchasing an additional 200 shares during the last quarter. Finally, Ironwood Investment Management LLC lifted its holdings 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 purchasing an additional 300 shares during the last quarter. 77.39% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer, Inc. (SMCI) opened at 22.75 on Friday. The stock’s 50 day moving average price is $24.47 and its 200 day moving average price is $24.93. The firm has a market capitalization of $1.11 billion, a PE ratio of 16.98 and a beta of 0.15. Super Micro Computer, Inc. has a 12 month low of $20.42 and a 12 month high of $31.75.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $717.90 million for the quarter, compared to the consensus estimate of $714.99 million. During the same quarter in the prior year, the business earned $0.20 EPS. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. Equities research analysts expect that Super Micro Computer, Inc. will post $1.98 earnings per share for the current fiscal year.

Several brokerages recently issued reports on SMCI. DA Davidson downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price target for the stock from $33.00 to $27.00 in a report on Monday, September 18th. ValuEngine raised Super Micro Computer from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Maxim Group reissued a “buy” rating and issued a $43.00 price target on shares of Super Micro Computer in a report on Friday, July 21st. Zacks Investment Research downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, BidaskClub downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Super Micro Computer has an average rating of “Hold” and an average target price of $28.38.

In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the transaction, the director now 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 SEC, which can be accessed through this link. 23.60% of the stock is currently owned by corporate insiders.

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Super Micro Computer Profile

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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