Walleye Capital LLC Lowers Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Walleye Capital LLC reduced its position in Super Micro Computer, Inc. (NASDAQ:SMCIGet Rating) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,353 shares of the company’s stock after selling 2,196 shares during the quarter. Walleye Capital LLC’s holdings in Super Micro Computer were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolf Hill Capital Management LP increased its stake in Super Micro Computer by 51.3% during the first quarter. Wolf Hill Capital Management LP now owns 1,417,069 shares of the company’s stock worth $53,948,000 after acquiring an additional 480,424 shares during the last quarter. BlackRock Inc. increased its position in Super Micro Computer by 8.7% during the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock worth $131,163,000 after purchasing an additional 275,725 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Super Micro Computer in the fourth quarter valued at approximately $8,488,000. Dimensional Fund Advisors LP lifted its position in Super Micro Computer by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock valued at $62,035,000 after buying an additional 171,335 shares in the last quarter. Finally, Castleark Management LLC purchased a new stake in Super Micro Computer during the fourth quarter worth approximately $5,637,000. Institutional investors and hedge funds own 73.61% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several recent research reports. Northland Securities lifted their target price on shares of Super Micro Computer from $85.00 to $97.00 in a report on Thursday, July 21st. Susquehanna cut Super Micro Computer from a “positive” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a research note on Monday. Finally, Susquehanna Bancshares lowered Super Micro Computer to a “neutral” rating and set a $55.00 target price for the company. in a research note on Monday.

Super Micro Computer Price Performance

SMCI opened at $55.03 on Thursday. Super Micro Computer, Inc. has a twelve month low of $34.11 and a twelve month high of $74.93. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 10.40 and a beta of 1.27. The company has a current ratio of 1.91, a quick ratio of 0.86 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $60.22 and a 200 day simple moving average of $49.72.

Super Micro Computer (NASDAQ:SMCIGet Rating) last announced its earnings results on Tuesday, August 9th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.39. Super Micro Computer had a return on equity of 22.79% and a net margin of 5.49%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the firm earned $0.75 earnings per share. The company’s revenue was up 52.8% on a year-over-year basis. Equities research analysts expect that Super Micro Computer, Inc. will post 6.92 EPS for the current fiscal year.

Super Micro Computer Company Profile

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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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