Public Employees Retirement System of Ohio Takes $5.37 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Public Employees Retirement System of Ohio bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 176,312 shares of the company's stock, valued at approximately $5,374,000.

A number of other hedge funds also recently modified their holdings of the business. Parkside Financial Bank & Trust grew 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 valued at $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after acquiring an additional 893 shares in the last quarter. AlphaQuest LLC lifted its holdings in Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after buying an additional 762 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Super Micro Computer during the 4th quarter worth $34,000. Finally, Lindbrook Capital LLC lifted its holdings in Super Micro Computer by 763.6% during the 4th quarter. Lindbrook Capital LLC now owns 1,114 shares of the company's stock worth $34,000 after buying an additional 985 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Rosenblatt Securities lowered their price target on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Citigroup assumed coverage on shares of Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price target on the stock. Finally, KGI Securities assumed coverage on shares of Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $45.63.

Insider Transactions at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 88,599 shares of the company's stock, valued at $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 1.9%

SMCI stock traded down $0.81 during trading on Thursday, hitting $41.15. The company had a trading volume of 35,795,347 shares, compared to its average volume of 71,868,448. The firm has a market capitalization of $24.56 billion, a P/E ratio of 20.66 and a beta of 1.36. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40. The company has a 50 day simple moving average of $35.86 and a 200-day simple moving average of $35.99. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same period last year, the business earned $0.66 EPS. Super Micro Computer's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

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.