State Street Corp increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 965,582 shares of the technology company’s stock after buying an additional 38,013 shares during the quarter. State Street Corp owned about 1.98% of Super Micro Computer worth $23,802,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings 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 valued at $184,000 after buying an additional 3,311 shares during the last quarter. Aperio Group LLC grew its holdings 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 valued at $203,000 after buying an additional 68 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Super Micro Computer by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,890 shares of the technology company’s stock valued at $219,000 after buying an additional 360 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Super Micro Computer by 62.2% during the second quarter. BNP Paribas Arbitrage SA now owns 12,481 shares of the technology company’s stock valued at $308,000 after buying an additional 4,786 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Super Micro Computer by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the technology company’s stock valued at $382,000 after buying an additional 200 shares during the last quarter. 76.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Super Micro Computer, Inc. (NASDAQ SMCI) opened at $19.83 on Wednesday. The company has a market cap of $971.42, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.13 and a beta of -0.12. Super Micro Computer, Inc. has a 1-year low of $17.70 and a 1-year high of $31.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.34 and a quick ratio of 1.15.

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A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a report on Tuesday. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Maxim Group reaffirmed a “buy” rating and issued a $45.00 price target on shares of Super Micro Computer in a report on Wednesday, November 8th. Stifel Nicolaus set a $30.00 price target on shares of Super Micro Computer and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, ValuEngine lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $29.29.

In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the company’s stock in a transaction dated 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 owns 245,000 shares in the company, valued at $6,639,500. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 24.00% of the company’s stock.

Super Micro Computer Company 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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