Super Micro Computer, Inc. (SMCI) Stake Lifted by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 62.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,481 shares of the technology company’s stock after buying an additional 4,786 shares during the period. BNP Paribas Arbitrage SA’s holdings in Super Micro Computer were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Karp Capital Management Corp purchased a new position in shares of Super Micro Computer during the 1st quarter valued at approximately $207,000. Principal Financial Group Inc. lifted its position in shares of Super Micro Computer by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 286,328 shares of the technology company’s stock valued at $7,258,000 after buying an additional 3,302 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Super Micro Computer by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 505,486 shares of the technology company’s stock valued at $12,813,000 after buying an additional 21,293 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Super Micro Computer during the 1st quarter valued at approximately $213,000. Finally, BlackRock Inc. lifted its position in shares of Super Micro Computer by 46,673.4% during the 1st quarter. BlackRock Inc. now owns 4,774,160 shares of the technology company’s stock valued at $121,025,000 after buying an additional 4,763,953 shares in the last quarter. Hedge funds and other institutional investors own 77.39% of the company’s stock.

Super Micro Computer, Inc. (NASDAQ:SMCI) opened at 21.00 on Wednesday. The firm has a 50-day moving average price of $26.27 and a 200-day moving average price of $25.21. Super Micro Computer, Inc. has a one year low of $20.42 and a one year high of $31.75. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 15.67 and a beta of 0.18.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The company had revenue of $717.90 million for the quarter, compared to the consensus estimate of $714.99 million. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. Super Micro Computer’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. On average, equities analysts predict that Super Micro Computer, Inc. will post $2.03 earnings per share for the current year.

In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the sale, the director now directly owns 245,000 shares in the company, valued at $6,639,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 24.00% of the stock is currently owned by insiders.

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SMCI has been the topic of a number of recent analyst reports. Maxim Group reiterated a “buy” rating and set a $43.00 target price 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. Stifel Nicolaus reiterated a “hold” rating and set a $30.00 target price on shares of Super Micro Computer in a research report on Friday, July 14th. BidaskClub upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, KeyCorp reiterated a “hold” rating on shares of Super Micro Computer in a research report on Friday, September 1st. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $29.63.

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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