Employees Retirement System of Texas maintained its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,000 shares of the technology company’s stock at the end of the second quarter. Employees Retirement System of Texas owned about 0.06% of Super Micro Computer worth $666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE raised its position in shares of Super Micro Computer by 3.0% during the first quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock worth $154,000 after acquiring an additional 176 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Super Micro Computer by 79.6% during the second quarter. State of Alaska Department of Revenue now owns 7,471 shares of the technology company’s stock worth $184,000 after acquiring an additional 3,311 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Super Micro Computer during the first quarter worth about $207,000. Aperio Group LLC raised its position in shares of Super Micro Computer by 0.8% during the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock worth $203,000 after acquiring an additional 68 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of Super Micro Computer by 7.7% during the first quarter. Mason Street Advisors LLC now owns 8,809 shares of the technology company’s stock worth $223,000 after acquiring an additional 631 shares during the last quarter. Institutional investors own 77.39% of the company’s stock.

A number of equities analysts have recently issued reports on SMCI shares. Maxim Group restated a “buy” rating and set a $43.00 price objective on shares of Super Micro Computer in a research report on Friday, July 21st. ValuEngine upgraded Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, September 21st. TheStreet downgraded Super Micro Computer from a “b-” rating to a “c” rating in a report on Tuesday, October 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 target price on shares of Super Micro Computer in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.38.

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Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) opened at 22.05 on Thursday. The firm has a 50-day moving average price of $23.42 and a 200-day moving average price of $24.77. Super Micro Computer, Inc. has a one year low of $20.42 and a one year high of $31.75. The company has a market capitalization of $1.08 billion, a P/E ratio of 16.46 and a beta of 0.15.

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

In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was 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 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 can be accessed through this hyperlink. 23.60% of the stock is currently owned by corporate insiders.

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.

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

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