Prudential Financial Inc. Buys 159,715 Shares of Super Micro Computer Inc. (SMCI)
Prudential Financial Inc. increased its stake in shares of Super Micro Computer Inc. (NASDAQ:SMCI) by 147.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,118 shares of the company’s stock after buying an additional 159,715 shares during the period. Prudential Financial Inc. owned about 0.55% of Super Micro Computer worth $6,662,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Northpointe Capital LLC raised its stake in Super Micro Computer by 41.2% in the second quarter. Northpointe Capital LLC now owns 415,062 shares of the company’s stock valued at $10,314,000 after buying an additional 121,090 shares in the last quarter. BlackRock Group LTD raised its stake in Super Micro Computer by 7.7% in the first quarter. BlackRock Group LTD now owns 36,464 shares of the company’s stock valued at $1,242,000 after buying an additional 2,603 shares in the last quarter. HBK Investments L P bought a new stake in Super Micro Computer during the first quarter valued at about $267,000. OLD National Bancorp IN raised its stake in Super Micro Computer by 44.9% in the second quarter. OLD National Bancorp IN now owns 36,220 shares of the company’s stock valued at $900,000 after buying an additional 11,220 shares in the last quarter. Finally, Skyline Asset Management LP raised its stake in Super Micro Computer by 4.2% in the first quarter. Skyline Asset Management LP now owns 492,072 shares of the company’s stock valued at $16,770,000 after buying an additional 19,900 shares in the last quarter. 73.25% of the stock is owned by institutional investors and hedge funds.
Shares of Super Micro Computer Inc. (NASDAQ:SMCI) opened at 22.45 on Monday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 16.15 and a beta of 0.66. The company has a 50 day moving average price of $22.23 and a 200-day moving average price of $25.19. Super Micro Computer Inc. has a 52-week low of $18.60 and a 52-week high of $34.69.
Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.01. The company had revenue of $524.30 million for the quarter, compared to analyst estimates of $599.48 million. Super Micro Computer had a return on equity of 11.48% and a net margin of 3.54%. Super Micro Computer’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. On average, analysts predict that Super Micro Computer Inc. will post $1.40 earnings per share for the current fiscal year.
Several analysts have issued reports on SMCI shares. TheStreet lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Monday, August 22nd. Zacks Investment Research upgraded Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 21st. Maxim Group boosted their price objective on Super Micro Computer from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Stifel Nicolaus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Finally, DA Davidson downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $19.00 in a research report on Tuesday, July 19th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.31.
In other Super Micro Computer news, insider Yih-Shyan Wally Liaw sold 20,000 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $21.51, for a total transaction of $430,200.00. Following the sale, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $430,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Howard Hideshima sold 20,312 shares of the stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $21.65, for a total value of $439,754.80. Following the sale, the chief financial officer now directly owns 20,312 shares in the company, valued at $439,754.80. The disclosure for this sale can be found here. Company insiders own 24.00% of the company’s stock.
Super Micro Computer Company Profile
Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and 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.
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