Kentucky Retirement Systems Insurance Trust Fund Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 1st quarter, Holdings Channel reports. The firm purchased 1,606 shares of the company’s stock, valued at approximately $1,622,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after buying an additional 1,319,768 shares during the last quarter. GQG Partners LLC purchased a new stake in shares of Super Micro Computer during the 1st quarter worth approximately $1,325,466,000. Vanguard Group Inc. raised its position in Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after purchasing an additional 1,265,542 shares during the last quarter. Norges Bank purchased a new stake in Super Micro Computer in the 4th quarter valued at $95,211,000. Finally, Wolf Hill Capital Management LP purchased a new stake in Super Micro Computer in the 4th quarter valued at $77,996,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. KeyCorp assumed coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Nomura Securities downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Wedbush upped their price target on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $999.92.

Insider Transactions at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the sale, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock valued at $1,116,736 in the last ninety days. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded up $16.58 on Friday, reaching $712.19. 4,382,184 shares of the company were exchanged, compared to its average volume of 6,271,515. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a 1-year low of $226.59 and a 1-year high of $1,229.00. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 39.92, a price-to-earnings-growth ratio of 0.45 and a beta of 1.27. The company has a 50-day moving average of $837.57 and a 200-day moving average of $819.96.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Equities analysts forecast that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Super Micro Computer Profile

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.