Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,630 shares of the company’s stock after selling 1,663 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Super Micro Computer were worth $4,728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Neo Ivy Capital Management purchased a new stake in Super Micro Computer in the fourth quarter worth $92,000. Cim LLC purchased a new stake in Super Micro Computer in the fourth quarter worth $1,316,000. Austin Wealth Management LLC purchased a new stake in Super Micro Computer in the fourth quarter worth $327,000. G2 Investment Partners Management LLC increased its position in Super Micro Computer by 37.6% in the fourth quarter. G2 Investment Partners Management LLC now owns 43,348 shares of the company’s stock worth $12,322,000 after buying an additional 11,848 shares during the last quarter. Finally, Hawk Ridge Capital Management LP increased its position in Super Micro Computer by 4.0% in the fourth quarter. Hawk Ridge Capital Management LP now owns 54,264 shares of the company’s stock worth $15,425,000 after buying an additional 2,064 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now owns 18,887 shares in the company, valued at approximately $15,147,374. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock worth $1,116,736 in the last 90 days. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Up 5.1 %

SMCI opened at $887.41 on Tuesday. The company has a market cap of $49.63 billion, a P/E ratio of 49.74, a P/E/G ratio of 0.76 and a beta of 1.23. The business’s 50-day moving average price is $837.67 and its 200-day moving average price is $710.42. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a 12 month low of $213.08 and a 12 month high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping the consensus estimate of $5.42 by $1.14. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, equities analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SMCI shares. JPMorgan Chase & Co. started coverage on Super Micro Computer in a report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target for the company. Argus started coverage on Super Micro Computer in a report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price target for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday, May 1st. The Goldman Sachs Group dropped their price objective on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, Wedbush lifted their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $954.38.

About Super Micro Computer

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.