Kentucky Retirement Systems Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Kentucky Retirement Systems purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,824 shares of the company's stock, valued at approximately $1,158,000.

Several other large investors have also made changes to their positions in the company. Wahed Invest LLC lifted its stake in shares of Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after acquiring an additional 352 shares during the period. Shelton Capital Management lifted its stake in shares of Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after acquiring an additional 480 shares during the period. AlphaQuest LLC lifted its stake in shares of Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after acquiring an additional 762 shares during the period. Griffith & Werner Inc. lifted its stake in shares of Super Micro Computer by 3.6% during the first quarter. Griffith & Werner Inc. now owns 23,786 shares of the company's stock valued at $814,000 after acquiring an additional 820 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock valued at $38,000 after acquiring an additional 825 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Transactions at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the transaction, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, the director now directly owns 66,903,640 shares of the company's stock, valued at $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 667,000 shares of company stock valued at $29,949,340 over the last three months. Company insiders own 17.60% of the company's stock.

Super Micro Computer Stock Up 4.8%

Shares of Super Micro Computer stock opened at $42.84 on Wednesday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $96.33. The business has a 50-day moving average of $38.92 and a two-hundred day moving average of $37.41. The company has a market capitalization of $25.57 billion, a P/E ratio of 22.54 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. Super Micro Computer's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, equities analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays reaffirmed an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research note on Tuesday, May 6th. Citigroup initiated coverage on Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price objective for the company. Rosenblatt Securities dropped their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Mizuho set a $40.00 price objective on Super Micro Computer and gave the company a "neutral" rating in a report on Monday, May 19th. Finally, Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer has a consensus rating of "Hold" and an average price target of $45.63.

Super Micro Computer Company 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.

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