Northern Trust Corp Increases Holdings in Super Micro Computer, Inc. (SMCI)
Northern Trust Corp raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 497,363 shares of the technology company’s stock after acquiring an additional 15,652 shares during the period. Northern Trust Corp owned approximately 1.02% of Super Micro Computer worth $12,260,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royce & Associates LP increased its holdings in Super Micro Computer by 56.2% in the 2nd quarter. Royce & Associates LP now owns 737,292 shares of the technology company’s stock valued at $18,174,000 after acquiring an additional 265,164 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in Super Micro Computer by 15.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 446,992 shares of the technology company’s stock valued at $11,019,000 after acquiring an additional 59,235 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Super Micro Computer by 15.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 250,221 shares of the technology company’s stock valued at $6,168,000 after acquiring an additional 34,390 shares during the last quarter. Karp Capital Management Corp bought a new stake in Super Micro Computer in the 1st quarter valued at $207,000. Finally, Principal Financial Group Inc. increased its holdings in Super Micro Computer by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 286,328 shares of the technology company’s stock valued at $7,258,000 after acquiring an additional 3,302 shares during the last quarter. Institutional investors own 77.19% of the company’s stock.
A number of brokerages have issued reports on SMCI. Maxim Group reiterated a “buy” rating and issued a $45.00 price target on shares of Super Micro Computer in a report on Friday, October 27th. TheStreet downgraded shares of Super Micro Computer from a “b-” rating to a “c” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Susquehanna Bancshares Inc downgraded shares of Super Micro Computer from a “positive” rating to a “neutral” rating and reduced their price target for the company from $31.00 to $23.00 in a report on Tuesday, September 19th. Finally, Citigroup Inc reduced their price target on shares of Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $29.29.
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Super Micro Computer, Inc. (SMCI) opened at $20.30 on Friday. The company has a market capitalization of $988.47, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 1.15 and a beta of -0.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.15 and a current ratio of 2.34.
Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. The business had revenue of $717.90 million during the quarter, compared to analysts’ expectations of $714.99 million. During the same period last year, the company posted $0.20 EPS. The business’s revenue was up 36.9% on a year-over-year basis. analysts anticipate that Super Micro Computer, Inc. will post 1.36 EPS for the current year.
In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of Super Micro Computer stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the transaction, the director now directly owns 245,000 shares of the company’s stock, valued at approximately $6,639,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.60% of the company’s stock.
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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