California State Teachers Retirement System Purchases 4,856 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

California State Teachers Retirement System lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 6.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 80,929 shares of the company’s stock after acquiring an additional 4,856 shares during the quarter. California State Teachers Retirement System’s holdings in Super Micro Computer were worth $81,741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC grew its position in shares of Super Micro Computer by 14.4% during the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after buying an additional 13 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after buying an additional 15 shares in the last quarter. TFC Financial Management Inc. grew its position in shares of Super Micro Computer by 23.1% during the 1st quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock worth $81,000 after buying an additional 15 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Super Micro Computer by 1.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock worth $1,283,000 after buying an additional 16 shares in the last quarter. Finally, Forum Financial Management LP grew its position in shares of Super Micro Computer by 0.8% during the 1st quarter. Forum Financial Management LP now owns 1,943 shares of the company’s stock worth $1,962,000 after buying an additional 16 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Up 5.3 %

NASDAQ SMCI traded up $35.34 during trading on Wednesday, hitting $701.65. The company’s stock had a trading volume of 4,915,275 shares, compared to its average volume of 8,219,280. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The company has a market cap of $39.24 billion, a PE ratio of 39.33, a P/E/G ratio of 0.44 and a beta of 1.27. The business’s 50 day simple moving average is $825.36 and its 200-day simple moving average is $827.24. Super Micro Computer, Inc. has a fifty-two week low of $226.59 and a fifty-two week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.42 by $1.14. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. On average, equities analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Loop Capital increased their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. The Goldman Sachs Group dropped their price objective on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Susquehanna raised their price objective on Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research report on Monday, July 15th. Finally, Wedbush raised their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $999.92.

Insider Transactions at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the transaction, the director now owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The disclosure for this sale can be found here. Company insiders own 17.60% of the company’s stock.

About Super Micro Computer

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.