New York State Common Retirement Fund Has $1.14 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

New York State Common Retirement Fund lessened its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 19.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 31,155 shares of the company’s stock after selling 7,408 shares during the quarter. New York State Common Retirement Fund’s holdings in Super Micro Computer were worth $1,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Calamos Advisors LLC acquired a new position in Super Micro Computer during the third quarter valued at approximately $3,644,000. Pacific Ridge Capital Partners LLC grew its holdings in Super Micro Computer by 10.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 46,290 shares of the company’s stock valued at $1,628,000 after purchasing an additional 4,260 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Super Micro Computer by 106.1% during the second quarter. JPMorgan Chase & Co. now owns 611,674 shares of the company’s stock valued at $21,519,000 after purchasing an additional 314,853 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Super Micro Computer by 60.0% during the third quarter. SummerHaven Investment Management LLC now owns 24,194 shares of the company’s stock valued at $885,000 after purchasing an additional 9,076 shares during the last quarter. Finally, AlphaCrest Capital Management LLC grew its stake in shares of Super Micro Computer by 11.7% in the second quarter. AlphaCrest Capital Management LLC now owns 47,613 shares of the company’s stock worth $1,675,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 68.95% of the company’s stock.

Shares of SMCI stock opened at $45.57 on Friday. The stock has a market cap of $2.33 billion, a P/E ratio of 21.80 and a beta of 1.37. Super Micro Computer, Inc. has a one year low of $30.52 and a one year high of $47.99. The stock has a fifty day moving average price of $43.33 and a 200 day moving average price of $38.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 0.77.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Monday, November 1st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.38 by $0.20. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $940.00 million. Super Micro Computer had a return on equity of 10.76% and a net margin of 2.89%. During the same period last year, the business earned $0.45 earnings per share. Equities research analysts anticipate that Super Micro Computer, Inc. will post 2.67 EPS for the current year.

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 54,491 shares of Super Micro Computer stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $41.85, for a total transaction of $2,280,448.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sherman Tuan sold 2,697 shares of Super Micro Computer stock in a transaction on Friday, November 5th. The shares were sold at an average price of $46.26, for a total value of $124,763.22. The disclosure for this sale can be found here. 16.70% of the stock is owned by company insiders.

Several brokerages have recently issued reports on SMCI. Zacks Investment Research downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 6th. Loop Capital raised their price objective on shares of Super Micro Computer from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $52.80.

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

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