Super Micro Computer, Inc. (NASDAQ:SMCI) Position Trimmed by Walleye Capital LLC

Walleye Capital LLC trimmed its stake in Super Micro Computer, Inc. (NASDAQ:SMCIGet Rating) by 12.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,353 shares of the company’s stock after selling 2,196 shares during the quarter. Walleye Capital LLC’s holdings in Super Micro Computer were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Disciplined Growth Investors Inc. MN increased its stake in Super Micro Computer by 1.7% in the 1st quarter. Disciplined Growth Investors Inc. MN now owns 4,512,092 shares of the company’s stock valued at $171,775,000 after buying an additional 77,339 shares during the period. Vanguard Group Inc. boosted its stake in shares of Super Micro Computer by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 4,414,947 shares of the company’s stock valued at $168,077,000 after buying an additional 66,035 shares during the period. BlackRock Inc. grew its holdings in shares of Super Micro Computer by 8.7% during the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after acquiring an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Super Micro Computer by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock worth $62,035,000 after acquiring an additional 171,335 shares during the last quarter. Finally, Hawk Ridge Capital Management LP raised its holdings in shares of Super Micro Computer by 2.2% during the first quarter. Hawk Ridge Capital Management LP now owns 1,619,061 shares of the company’s stock worth $61,638,000 after acquiring an additional 34,900 shares in the last quarter. 73.61% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

NASDAQ SMCI opened at $55.03 on Thursday. Super Micro Computer, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $74.93. The stock’s 50-day moving average is $60.22 and its two-hundred day moving average is $49.72. The firm has a market cap of $2.88 billion, a P/E ratio of 10.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 0.86.

Super Micro Computer (NASDAQ:SMCIGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.39. Super Micro Computer had a return on equity of 22.79% and a net margin of 5.49%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 52.8% on a year-over-year basis. On average, analysts anticipate that Super Micro Computer, Inc. will post 6.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SMCI shares. Northland Securities upped their target price on Super Micro Computer from $85.00 to $97.00 in a research report on Thursday, July 21st. Susquehanna downgraded Super Micro Computer from a “positive” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a report on Monday. Finally, Susquehanna Bancshares cut shares of Super Micro Computer to a “neutral” rating and set a $55.00 target price for the company. in a research note on Monday.

Super Micro Computer Profile

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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.

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

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