California State Teachers Retirement System Raises Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

California State Teachers Retirement System increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 916.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 872,355 shares of the company's stock after purchasing an additional 786,568 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Super Micro Computer worth $26,589,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SMCI. Parkside Financial Bank & Trust increased its position in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC boosted its stake in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after buying an additional 893 shares in the last quarter. AlphaQuest LLC boosted its stake in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after buying an additional 762 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in Super Micro Computer in the fourth quarter valued at about $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at about $34,000. Institutional investors own 84.06% of the company's stock.

Insider Buying and Selling

In related news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the transaction, the chief financial officer now owns 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Stock Down 1.9%

Shares of NASDAQ SMCI traded down $0.81 during midday trading on Thursday, hitting $41.15. 35,795,347 shares of the stock traded hands, compared to its average volume of 71,868,448. The company has a market cap of $24.56 billion, a PE ratio of 20.66 and a beta of 1.36. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The business has a 50 day moving average price of $35.86 and a two-hundred day moving average price of $35.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

SMCI has been the topic of several research analyst reports. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Rosenblatt Securities reduced their price target on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Super Micro Computer has a consensus rating of "Hold" and an average target price of $45.63.

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.