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Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Super Micro Computer, Inc. (NASDAQ:SMCI)



Zurcher Kantonalbank Zurich Cantonalbank increased its assets in Super Micro Computer, Inc. (NASDAQ: SMCI-Get Rating) by 10.5% during the first quarter, according to its latest 13F filing with the Securities & Exchange Commission. The fund owns 4,815 shares of the company’s stock after buying an additional 459 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s Super Micro Computer assets were valued at $ 183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently restructured their company assets. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Super Micro Computer by 68.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,700 shares of the company’s stock worth $ 163,000 after buying an additional 1,500 shares last quarter. Wolf Hill Capital Management LP raised its stake in Super Micro Computer by 24.8% in the fourth quarter. Wolf Hill Capital Management LP now owns 936,645 shares of the company’s stock worth $ 41,166,000 after buying an additional 185,842 shares last quarter. Barclays PLC raised its stake in Super Micro Computer by 43.3% in the fourth quarter. Barclays PLC now owns 66,092 shares of the company’s stock worth $ 2,904,000 after buying an additional 19,978 shares last quarter. Texas Teacher Retirement System raised its stake in Super Micro Computer by 19.6% in the fourth quarter. Teacher Retirement System of Texas now owns 7,798 shares of the company’s stock worth $ 343,000 after buying an additional 1,277 shares last quarter. Finally, Walleye Capital LLC raised its stake in Super Micro Computer by 119.0% in the fourth quarter. Walleye Capital LLC now owns 17,549 shares of the company’s stock worth $ 771,000 after buying an additional 9,536 shares in the previous quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

Super Micro Computer Trading Up 2.7 %

Super Micro Computer stock opened at $ 42.16 on Monday. The stock has a market cap of $ 2.19 billion, a P/E ratio of 12.29 and a beta of 1.24. Super Micro Computer, Inc. has a fifty-two week low of $ 33.48 and a fifty-two week high of $ 58.34. The company’s fifty-day average moving price is $ 46.68 and its 200-day average moving price is $ 43.22. The company has a debt-to-equity ratio of 0.11, a quick fix ratio of 0.73 and a current ratio of 1.79.

Super Micro Computer (NASDAQ: SMCI-Get Rating) last released its quarterly earnings results on Tuesday, May 3. The company reported $ 1.45 earnings per share for the quarter, ahead of an estimated $ 1.27. at $ 0.18. Super Micro Computer has a net margin of 3.96% and a return on equity of 15.92%. The company had revenue of $ 1.36 billion for the quarter, compared to analysts ’expectations of $ 1.26 billion. During the same quarter last year, the company posted $ 0.39 earnings per share. Quarterly business revenue increased 51.3% on a year-on-year basis. Equities research analysts predict that Super Micro Computer, Inc. will post 4.04 earnings per share for the current financial year.

Insider Buying and Selling

In related news, CEO Charles Liang sold 5,388 shares of the company’s stock in a transaction on Tuesday, April 19. The shares were sold at an average price of $ 42.00, for a total value of $ 226,296.00. Upon completion of the transaction, the chief executive officer now directly owns 45,305 shares of the company, valued at $ 1,902,810. The sale is disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other Super Micro Computer news, CEO Charles Liang sold 5,388 shares of the company’s stock in a transaction dated Tuesday, April 19. The shares were sold at an average price of $ 42.00, for the total transaction. of $ 226,296.00. Following the completion of the sale, the chief executive officer now directly owns 45,305 shares of the company, valued at $ 1,902,810. The transaction is disclosed in a document filed with the SEC, which can be accessed via this link. Also, Director Sherman Tuan sold 10,000 shares of the company’s stock in a transaction dated Friday, May 13. The shares were sold at an average price of $ 51.95, for a total transaction of $ 519,500.00. Following the sale, the director now owns 24,889 shares of the company’s stock, valued at $ 1,292,983.55. The disclosure of this sale can be found here. 14.50% of the stock is owned by company insiders.

Wall Street Analysts Predict Growth

SMCI has been the subject of numerous research analyst reports. Northland Securities raised their price target for the Super Micro Computer from $ 70.00 to $ 85.00 on a research note on Wednesday, May 4. StockNews.com began covering Super Micro Computer shares in a report on Thursday. , March 31. They placed a “hold” rating on the stock. Finally, Loop Capital raised their target price on Super Micro Computer shares from $ 60.00 to $ 100.00 in a report on Wednesday, May 4th.

About Super Micro Computer

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Super Micro Computer, Inc., along 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 support and services.

See Also

Want to see what other hedge funds are holding SMCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Super Micro Computer, Inc. (NASDAQ: SMCI – Get Rating).

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



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