Retirement Systems of Alabama Grows Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Retirement Systems of Alabama lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,093 shares of the company’s stock after purchasing an additional 1,075 shares during the period. Retirement Systems of Alabama owned about 0.11% of Super Micro Computer worth $16,514,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after purchasing an additional 1,319,768 shares during the last quarter. Northern Trust Corp lifted its position in shares of Super Micro Computer by 7.4% during the 3rd quarter. Northern Trust Corp now owns 651,010 shares of the company’s stock worth $178,520,000 after purchasing an additional 44,678 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Super Micro Computer in the third quarter valued at $140,751,000. Bank of New York Mellon Corp lifted its position in Super Micro Computer by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 487,044 shares of the company’s stock valued at $133,557,000 after acquiring an additional 20,296 shares during the last quarter. Finally, FMR LLC lifted its position in Super Micro Computer by 161.2% in the third quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after acquiring an additional 295,835 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the sale, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the sale, the director now directly owns 20,087 shares of the company’s stock, valued at approximately $10,846,980. The disclosure for this sale can be found here. Insiders have sold 34,027 shares of company stock valued at $29,655,672 over the last quarter. Corporate insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Super Micro Computer in a research report on Monday, March 4th. They issued a “neutral” rating and a $941.00 price target for the company. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Bank of America boosted their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Loop Capital boosted their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $949.85.

Super Micro Computer Trading Down 3.5 %

Shares of Super Micro Computer stock opened at $858.80 on Wednesday. Super Micro Computer, Inc. has a 52-week low of $101.71 and a 52-week high of $1,229.00. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company’s 50-day simple moving average is $952.07 and its 200-day simple moving average is $576.78. The firm has a market cap of $48.03 billion, a price-to-earnings ratio of 67.04, a price-to-earnings-growth ratio of 0.79 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business posted $3.09 earnings per share. The firm’s revenue for the quarter was up 103.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Super Micro Computer Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.