Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.24 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Posted by Defense World Staff on Aug 18th, 2023

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,018 shares of the company’s stock after buying an additional 305 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Super Micro Computer were worth $2,239,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SMCI. Fairfield Bush & CO. acquired a new stake in Super Micro Computer during the first quarter worth approximately $126,000. MetLife Investment Management LLC grew its position in Super Micro Computer by 55.4% during the first quarter. MetLife Investment Management LLC now owns 25,047 shares of the company’s stock worth $954,000 after buying an additional 8,927 shares in the last quarter. BlackRock Inc. grew its position in Super Micro Computer by 8.7% during the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock worth $131,163,000 after buying an additional 275,725 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Super Micro Computer by 21.1% during the first quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock worth $114,000 after buying an additional 493 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in Super Micro Computer during the first quarter worth approximately $259,000. Institutional investors and hedge funds own 79.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com assumed coverage on Super Micro Computer in a research note on Thursday. They set a “hold” rating for the company. Rosenblatt Securities restated a “buy” rating and set a $375.00 target price on shares of Super Micro Computer in a research note on Tuesday, August 8th. Loop Capital increased their price target on Super Micro Computer from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Northland Securities increased their price target on Super Micro Computer from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. Finally, Wedbush increased their price target on Super Micro Computer from $65.00 to $250.00 and gave the stock an “underperform” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $287.50.

Check Out Our Latest Stock Report on Super Micro Computer

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP Don W. Clegg sold 16,514 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $232.28, for a total transaction of $3,835,871.92. Following the sale, the senior vice president now owns 1,435 shares of the company’s stock, valued at approximately $333,321.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Super Micro Computer news, CEO Charles Liang sold 43,932 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 1,827 shares of the company’s stock, valued at approximately $416,355.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Don W. Clegg sold 16,514 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $232.28, for a total transaction of $3,835,871.92. Following the sale, the senior vice president now directly owns 1,435 shares in the company, valued at approximately $333,321.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,569 shares of company stock worth $15,557,559. Insiders own 14.50% of the company’s stock.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $244.06 on Friday. Super Micro Computer, Inc. has a 12 month low of $50.28 and a 12 month high of $357.00. The company has a current ratio of 2.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06. The business’s 50 day simple moving average is $275.08 and its 200 day simple moving average is $174.95. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 21.32 and a beta of 1.24.

Super Micro Computer Company Profile

(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.