Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Super Micro Computer, Inc. (NASDAQ:SMCI) – Defense World
Posted by admin on Jul 18th, 2022 
Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,815 shares of the company’s stock after buying an additional 459 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Super Micro Computer were worth $183,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp boosted 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 during the last quarter. Wolf Hill Capital Management LP lifted 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 valued at $41,166,000 after purchasing an additional 185,842 shares during the last quarter. Barclays PLC lifted 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 valued at $2,904,000 after purchasing an additional 19,978 shares during the last quarter. Teacher Retirement System of Texas lifted 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 valued at $343,000 after purchasing an additional 1,277 shares during the last quarter. Finally, Walleye Capital LLC lifted 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 valued at $771,000 after purchasing an additional 9,536 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.
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 firm’s fifty day moving average price is $46.68 and its 200-day moving average price is $43.22. The company has a debt-to-equity ratio of 0.11, a quick 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 3rd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.18. Super Micro Computer had a net margin of 3.96% and a return on equity of 15.92%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The business’s quarterly revenue was up 51.3% on a year-over-year basis. Equities research analysts forecast that Super Micro Computer, Inc. will post 4.04 earnings per share for the current fiscal year.
In related news, CEO Charles Liang sold 5,388 shares of the company’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $42.00, for a total value of $226,296.00. Following the completion of the transaction, the chief executive officer now directly owns 45,305 shares in the company, valued at $1,902,810. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 19th. The shares were sold at an average price of $42.00, for a total transaction of $226,296.00. Following the completion of the sale, the chief executive officer now directly owns 45,305 shares in the company, valued at $1,902,810. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sherman Tuan sold 10,000 shares of the company’s stock in a transaction dated Friday, May 13th. 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 for this sale can be found here. 14.50% of the stock is owned by company insiders.
SMCI has been the topic of several research analyst reports. Northland Securities upped their price objective on Super Micro Computer from $70.00 to $85.00 in a research note on Wednesday, May 4th. StockNews.com began coverage on shares of Super Micro Computer in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Loop Capital boosted their target price on shares of Super Micro Computer from $60.00 to $100.00 in a report on Wednesday, May 4th.
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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 support and services.
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