Teacher Retirement System of Texas Makes New $2.64 Million Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Teacher Retirement System of Texas acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 77,045 shares of the company's stock, valued at approximately $2,638,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SMCI. Smartleaf Asset Management LLC increased its stake in shares of Super Micro Computer by 931.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,196 shares of the company's stock valued at $37,000 after purchasing an additional 1,080 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Super Micro Computer by 1,175.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,266 shares of the company's stock valued at $313,000 after purchasing an additional 9,461 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Super Micro Computer by 280.2% in the 4th quarter. Victory Capital Management Inc. now owns 162,132 shares of the company's stock valued at $4,942,000 after purchasing an additional 119,490 shares during the last quarter. M&T Bank Corp increased its stake in shares of Super Micro Computer by 703.3% in the 4th quarter. M&T Bank Corp now owns 21,536 shares of the company's stock valued at $656,000 after purchasing an additional 18,855 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter valued at $1,176,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Trading Down 1.0%

Shares of NASDAQ:SMCI traded down $0.49 during midday trading on Friday, reaching $49.87. The company's stock had a trading volume of 15,958,757 shares, compared to its average volume of 68,509,385. The firm has a market capitalization of $29.77 billion, a price-to-earnings ratio of 26.24 and a beta of 1.43. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $96.33. The firm has a 50 day moving average price of $42.60 and a two-hundred day moving average price of $38.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66.

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. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. KGI Securities assumed coverage on Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating on the stock. Mizuho raised their price objective on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Citigroup assumed coverage on Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective on the stock. Wall Street Zen raised Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Finally, Wedbush reissued a "buy" rating on shares of Super Micro Computer in a report on Wednesday, June 25th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $40.60.

Insider Activity

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the sale, the director directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $2,949,340.00. Following the sale, the chief financial officer directly owned 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 disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock worth $29,949,340 over the last quarter. 17.60% of the stock is currently owned by corporate insiders.

About Super Micro Computer

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.