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

Teacher Retirement System of Texas acquired a new position 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 and Exchange Commission. The institutional investor acquired 77,045 shares of the company's stock, valued at approximately $2,638,000.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of Super Micro Computer by 902.0% during the 4th 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 raised its position in shares of 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 purchasing an additional 762 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Super Micro Computer during the 4th quarter worth about $33,000. Quarry LP purchased a new position in Super Micro Computer in the 4th quarter valued at about $34,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Super Micro Computer in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Up 0.7%

Shares of SMCI traded up $0.34 during mid-day trading on Thursday, hitting $50.36. 33,182,968 shares of the company's stock were exchanged, compared to its average volume of 68,645,442. The stock's 50-day moving average is $42.25 and its 200-day moving average is $38.34. 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, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $96.33. The company has a market cap of $30.06 billion, a price-to-earnings ratio of 26.49 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The firm's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. On average, sell-side analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SMCI. Needham & Company LLC reaffirmed a "buy" rating and set a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Bank of America assumed coverage on shares of Super Micro Computer in a research note on Wednesday. They set an "underperform" rating and a $35.00 price objective for the company. Mizuho raised their target price on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price target for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Wedbush reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Wednesday, June 25th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $43.88.

Insiders Place Their Bets

In other news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 88,599 shares in the company, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Liang sold 300,000 shares of the company'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 sale, the chief executive officer 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. Insiders have sold a total of 667,000 shares of company stock worth $29,949,340 in the last quarter. 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.