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

Kentucky Retirement Systems bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,696 shares of the company’s stock, valued at approximately $3,733,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in Super Micro Computer by 14.4% in the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after acquiring an additional 13 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after purchasing an additional 15 shares in the last quarter. TFC Financial Management Inc. boosted its position in shares of Super Micro Computer by 23.1% during the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock valued at $81,000 after buying an additional 15 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in Super Micro Computer by 1.3% in 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 raised its position in Super Micro Computer by 0.8% in 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 during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction on 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 transaction, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Super Micro Computer 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 value of $240,600.00. Following the sale, the director now 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 this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now owns 3,459 shares of the company’s stock, 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 worth $1,116,736 over the last quarter. Insiders own 17.60% of the company’s stock.

Super Micro Computer Price Performance

Super Micro Computer stock traded up $16.58 during mid-day trading on Friday, hitting $712.19. The stock had a trading volume of 4,382,184 shares, compared to its average volume of 6,271,515. Super Micro Computer, Inc. has a one year low of $226.59 and a one year high of $1,229.00. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $39.83 billion, a P/E ratio of 39.92, a P/E/G ratio of 0.45 and a beta of 1.27. The firm’s 50 day moving average is $837.57 and its 200 day moving average is $819.96.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data 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. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, sell-side analysts forecast that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of recent analyst reports. Loop Capital raised their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Susquehanna increased their price target on Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a report on Monday, July 15th. KeyCorp started coverage on Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Nomura Securities downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, Wedbush raised their target price on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Two research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $999.92.

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.