American International Group Inc. Sells 4,329 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

American International Group Inc. decreased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 15.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,808 shares of the technology company’s stock after selling 4,329 shares during the period. American International Group Inc.’s holdings in Super Micro Computer were worth $604,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue increased its position in shares of Super Micro Computer by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 4,160 shares of the technology company’s stock valued at $105,000 after buying an additional 50 shares during the period. US Bancorp DE increased its position in shares of Super Micro Computer by 3.0% in the first quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock valued at $154,000 after buying an additional 176 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Super Micro Computer by 10.9% in the first quarter. BNP Paribas Arbitrage SA now owns 7,695 shares of the technology company’s stock valued at $195,000 after buying an additional 755 shares during the period. Karp Capital Management Corp bought a new position in shares of Super Micro Computer during the first quarter valued at $207,000. Finally, Stevens Capital Management LP bought a new position in shares of Super Micro Computer during the first quarter valued at $213,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer, Inc. (NASDAQ SMCI) traded up 1.70% during trading on Wednesday, hitting $26.90. The stock had a trading volume of 433,558 shares. Super Micro Computer, Inc. has a 1-year low of $19.32 and a 1-year high of $31.75. The firm’s 50-day moving average price is $24.93 and its 200-day moving average price is $25.38. The stock has a market cap of $1.31 billion, a PE ratio of 23.58 and a beta of 0.14.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $631.12 million during the quarter, compared to analyst estimates of $599.02 million. Super Micro Computer had a return on equity of 7.96% and a net margin of 2.53%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. On average, equities research analysts predict that Super Micro Computer, Inc. will post $1.56 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was first posted by BNB Daily and is owned by of BNB Daily. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.baseball-news-blog.com/2017/07/27/super-micro-computer-inc-nasdaqsmci-stake-lowered-by-american-international-group-inc-updated-updated.html.

Several research analysts have weighed in on SMCI shares. Maxim Group reiterated a “buy” rating and issued a $43.00 target price (up from $40.00) on shares of Super Micro Computer in a research note on Friday, April 28th. BidaskClub upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Stifel Nicolaus restated a “hold” rating and issued a $30.00 price target on shares of Super Micro Computer in a research note on Friday, July 14th. ValuEngine upgraded Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $31.00 price target (down from $33.00) on shares of Super Micro Computer in a research note on Sunday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $31.29.

In other news, Director Sherman Tuan sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total value of $245,100.00. Following the completion of the sale, the director now owns 8,000 shares of the company’s stock, valued at $196,080. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the completion of the sale, the vice president now directly owns 3,137 shares of the company’s stock, valued at approximately $76,385.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,000 shares of company stock valued at $511,580. Corporate insiders own 24.00% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

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

Receive News & Ratings for Super Micro Computer Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Super Micro Computer Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply