Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Mutual of America Capital Management LLC

Posted by Defense World Staff on Aug 5th, 2023

Mutual of America Capital Management LLC trimmed its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,535 shares of the company’s stock after selling 297 shares during the period. Mutual of America Capital Management LLC owned 0.07% of Super Micro Computer worth $3,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Super Micro Computer by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company’s stock valued at $265,007,000 after purchasing an additional 197,980 shares during the period. BlackRock Inc. boosted its stake in Super Micro Computer by 8.7% during the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after purchasing an additional 275,725 shares during the period. Dimensional Fund Advisors LP boosted its stake in Super Micro Computer by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,048,954 shares of the company’s stock valued at $168,218,000 after purchasing an additional 105,706 shares during the period. Millennium Management LLC boosted its stake in Super Micro Computer by 36.7% during the 4th quarter. Millennium Management LLC now owns 1,002,884 shares of the company’s stock valued at $82,337,000 after purchasing an additional 269,286 shares during the period. Finally, State Street Corp raised its position in shares of Super Micro Computer by 3.7% during the 3rd quarter. State Street Corp now owns 916,541 shares of the company’s stock worth $50,474,000 after buying an additional 32,533 shares in the last quarter. 79.37% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Stock Up 5.3 %

SMCI stock opened at $338.09 on Friday. Super Micro Computer, Inc. has a 52-week low of $50.28 and a 52-week high of $347.97. The company’s 50 day simple moving average is $266.11 and its 200-day simple moving average is $162.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.49 and a quick ratio of 1.08. The firm has a market capitalization of $17.75 billion, a P/E ratio of 31.84 and a beta of 1.24.

Super Micro Computer (NASDAQ:SMCI – Get Free Report) last released its quarterly earnings results on Tuesday, May 2nd. The company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). Super Micro Computer had a net margin of 8.93% and a return on equity of 34.72%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.38 billion. As a group, equities research analysts anticipate that Super Micro Computer, Inc. will post 10.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on SMCI shares. Susquehanna boosted their price target on shares of Super Micro Computer from $69.00 to $90.00 in a research report on Wednesday, May 3rd. StockNews.com started coverage on shares of Super Micro Computer in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Loop Capital boosted their price target on shares of Super Micro Computer from $200.00 to $325.00 in a research report on Wednesday, June 14th. Wedbush restated an “underperform” rating and set a $65.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 3rd. Finally, Northland Securities boosted their target price on shares of Super Micro Computer from $300.00 to $345.00 and gave the stock an “outperform” rating in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $209.17.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 43,932 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $227.89, for a total transaction of $10,011,663.48. Following the transaction, the chief executive officer now directly owns 1,827 shares of the company’s stock, valued at $416,355.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Super Micro Computer news, SVP Don W. Clegg sold 16,514 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $232.28, for a total value of $3,835,871.92. Following the completion of the sale, the senior vice president now directly owns 1,435 shares of the company’s stock, valued at $333,321.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Liang sold 43,932 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $227.89, for a total transaction of $10,011,663.48. Following the completion of the sale, the chief executive officer now directly owns 1,827 shares of the company’s stock, valued at $416,355.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,962 shares of company stock valued at $14,239,171. Corporate insiders own 14.50% of the company’s stock.

About Super Micro Computer

(Free Report)

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.