Schwab Charles Investment Management Inc. boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 8.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 215,831 shares of the technology company’s stock after buying an additional 16,540 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Super Micro Computer were worth $5,472,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SMCI. Norges Bank purchased a new position in shares of Super Micro Computer during the fourth quarter worth approximately $11,432,000. Karp Capital Management Corp purchased a new position in shares of Super Micro Computer during the first quarter worth approximately $207,000. Pacific Ridge Capital Partners LLC boosted its position in shares of Super Micro Computer by 61.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 74,420 shares of the technology company’s stock worth $1,887,000 after buying an additional 28,280 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Super Micro Computer by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 505,486 shares of the technology company’s stock worth $12,813,000 after buying an additional 21,293 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Super Micro Computer by 1.2% in the first quarter. Principal Financial Group Inc. now owns 286,328 shares of the technology company’s stock worth $7,258,000 after buying an additional 3,302 shares during the period. Institutional investors own 71.58% of the company’s stock.

Super Micro Computer, Inc. (NASDAQ SMCI) traded down 0.11% during midday trading on Monday, reaching $27.07. The company had a trading volume of 31,979 shares. The firm has a market capitalization of $1.32 billion, a PE ratio of 23.72 and a beta of 0.17. The firm’s 50-day moving average price is $25.35 and its 200 day moving average price is $25.32. Super Micro Computer, Inc. has a 12 month low of $19.32 and a 12 month high of $31.75.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $717.90 million during 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 revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 earnings per share. Equities analysts anticipate that Super Micro Computer, Inc. will post $1.98 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Schwab Charles Investment Management Inc.” was posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/07/super-micro-computer-inc-nasdaqsmci-shares-bought-by-schwab-charles-investment-management-inc.html.

Several equities analysts have recently issued reports on SMCI shares. Zacks Investment Research cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 price objective on shares of Super Micro Computer in a research note on Friday, July 14th. ValuEngine cut Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Maxim Group reiterated a “buy” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Super Micro Computer in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $31.29.

In other Super Micro Computer news, Director Sherman Tuan sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total transaction of $245,100.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $196,080. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the transaction, the vice president now directly owns 3,137 shares in the company, valued at approximately $76,385.95. The disclosure for this sale can be found here. Insiders sold 21,000 shares of company stock valued at $511,580 in the last three months. 24.00% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding SMCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Super Micro Computer, Inc. (NASDAQ:SMCI).

Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

Receive News & Ratings for Super Micro Computer Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer Inc. and related companies with MarketBeat.com's FREE daily email newsletter.