Great West Life Assurance Co. Can cut its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 26.3% during the 2nd quarter, Holdings Channel reports. The firm owned 1,977 shares of the company’s stock after selling 705 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Super Micro Computer were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. CWM Advisors LLC increased its stake in shares of Super Micro Computer by 3.1% during the 2nd quarter. CWM Advisors LLC now owns 10,494 shares of the company’s stock worth $369,000 after purchasing an additional 318 shares during the last quarter. Principal Financial Group Inc. grew its stake in Super Micro Computer by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 50,762 shares of the company’s stock valued at $1,786,000 after buying an additional 3,120 shares during the last quarter. Citigroup Inc. grew its stake in Super Micro Computer by 20.9% in the 2nd quarter. Citigroup Inc. now owns 4,068 shares of the company’s stock valued at $143,000 after buying an additional 704 shares during the last quarter. Hancock Whitney Corp acquired a new position in Super Micro Computer in the 2nd quarter valued at about $482,000. Finally, Pzena Investment Management LLC grew its stake in Super Micro Computer by 13.4% in the 2nd quarter. Pzena Investment Management LLC now owns 1,410,241 shares of the company’s stock valued at $49,612,000 after buying an additional 166,410 shares during the last quarter. Institutional investors own 72.32% of the company’s stock.
In other news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $35.43, for a total transaction of $177,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.70% of the company’s stock.
Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Monday, August 9th. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.03. Super Micro Computer had a net margin of 3.14% and a return on equity of 10.74%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.02 billion. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities analysts expect that Super Micro Computer, Inc. will post 2.45 EPS for the current year.
SMCI has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Super Micro Computer from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Northland Securities boosted their price objective on shares of Super Micro Computer from $50.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, August 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $48.75.
Super Micro Computer Profile
Super Micro Computer, Inc manufactures servers and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, networking, embedded, gaming, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management.
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