Louisiana State Employees Retirement System Takes $928,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Louisiana State Employees Retirement System acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,100 shares of the company's stock, valued at approximately $928,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMCI. AlphaQuest LLC grew its position in 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. Bernard Wealth Management Corp. purchased a new stake in Super Micro Computer during the fourth quarter valued at about $33,000. Quarry LP purchased a new stake in Super Micro Computer during the fourth quarter valued at about $34,000. Central Pacific Bank Trust Division purchased a new stake in Super Micro Computer during the first quarter valued at about $34,000. Finally, IMG Wealth Management Inc. grew its position in Super Micro Computer by 90.7% during the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SMCI shares. Mizuho upped their target price on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 7th. Barclays reaffirmed an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upped their target price on Super Micro Computer from $35.00 to $46.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Wedbush reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Super Micro Computer has an average rating of "Hold" and an average target price of $42.89.

Super Micro Computer Stock Down 1.9%

Shares of Super Micro Computer stock opened at $51.77 on Friday. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The business's 50 day simple moving average is $44.89 and its 200-day simple moving average is $39.25. The stock has a market capitalization of $30.90 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 2.41 and a beta of 1.43. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $82.19.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results 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 20.41% and a net margin of 5.61%. The firm had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. During the same period last year, the firm earned $0.66 EPS. The firm's revenue was up 19.5% compared to the same quarter last year. Equities research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Activity

In related news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer directly owned 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the transaction, the director owned 66,903,640 shares in the company, valued at $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 667,000 shares of company stock worth $29,949,340. 17.60% of the stock is owned by company insiders.

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.

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