Texas Permanent School Fund Corp Decreases Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Texas Permanent School Fund Corp decreased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 74.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,412 shares of the company’s stock after selling 29,679 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Super Micro Computer were worth $10,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sound Income Strategies LLC boosted its position in shares of Super Micro Computer by 14.4% during the first quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after acquiring an additional 13 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after acquiring an additional 15 shares during the last quarter. TFC Financial Management Inc. raised its stake in Super Micro Computer by 23.1% during the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock valued at $81,000 after purchasing an additional 15 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Super Micro Computer by 1.3% during the first quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock valued at $1,283,000 after purchasing an additional 16 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in Super Micro Computer by 0.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock valued at $1,160,000 after purchasing an additional 18 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of recent research reports. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Nomura downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price on the stock. in a research note on Wednesday. Northland Securities raised their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. The Goldman Sachs Group lowered their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Finally, Wells Fargo & Company lowered their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $994.15.

Insider Buying and Selling at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the transaction, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,325 shares of company stock valued at $1,116,736. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Up 0.2 %

NASDAQ SMCI traded up $1.64 during trading on Friday, reaching $890.86. 277,931 shares of the company’s stock traded hands, compared to its average volume of 8,428,264. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The firm has a market cap of $49.83 billion, a price-to-earnings ratio of 49.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.27. The company’s 50 day simple moving average is $845.87 and its two-hundred day simple moving average is $777.89. Super Micro Computer, Inc. has a 12-month low of $226.59 and a 12-month high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. As a group, sell-side analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal 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.