California Public Employees Retirement System Has $25.71 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

California Public Employees Retirement System lowered its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,435 shares of the company's stock after selling 5,349 shares during the period. California Public Employees Retirement System owned 0.17% of Super Micro Computer worth $25,707,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in shares of Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company's stock valued at $375,818,000 after acquiring an additional 1,319,768 shares during the last quarter. Northern Trust Corp lifted its position in Super Micro Computer by 7.4% during the third quarter. Northern Trust Corp now owns 651,010 shares of the company's stock worth $178,520,000 after buying an additional 44,678 shares during the period. William Blair Investment Management LLC purchased a new position in Super Micro Computer during the third quarter worth about $140,751,000. Bank of New York Mellon Corp lifted its position in Super Micro Computer by 4.3% during the third quarter. Bank of New York Mellon Corp now owns 487,044 shares of the company's stock worth $133,557,000 after buying an additional 20,296 shares during the period. Finally, FMR LLC lifted its position in Super Micro Computer by 161.2% during the third quarter. FMR LLC now owns 479,338 shares of the company's stock worth $131,444,000 after buying an additional 295,835 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the business's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares of the company's stock, valued at approximately $1,845,342.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the business's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares of the company's stock, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock valued at $30,113,681 in the last ninety days. Company insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SMCI shares. KeyCorp started coverage on Super Micro Computer in a research report on Wednesday. They set a "sector weight" rating on the stock. Wedbush restated a "neutral" rating and issued a $530.00 price objective on shares of Super Micro Computer in a report on Wednesday. JPMorgan Chase & Co. started coverage on Super Micro Computer in a report on Monday, March 25th. They issued an "overweight" rating and a $1,150.00 price objective on the stock. Barclays raised their price objective on Super Micro Computer from $691.00 to $961.00 and gave the stock an "overweight" rating in a report on Tuesday, February 13th. Finally, Argus began coverage on Super Micro Computer in a report on Wednesday, March 6th. They set a "buy" rating and a $1,350.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $949.85.

Super Micro Computer Stock Performance

NASDAQ SMCI traded up $70.04 during trading hours on Friday, hitting $857.44. The company had a trading volume of 7,068,025 shares, compared to its average volume of 5,787,591. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The firm has a market cap of $47.96 billion, a P/E ratio of 66.94, a price-to-earnings-growth ratio of 0.76 and a beta of 1.28. Super Micro Computer, Inc. has a fifty-two week low of $93.34 and a fifty-two week high of $1,229.00. The business has a fifty day simple moving average of $948.90 and a 200-day simple moving average of $568.53.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping the consensus estimate of $4.94 by $0.65. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company's quarterly revenue was up 103.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.09 earnings per share. Equities analysts predict that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

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.