Super Micro Computer (SMCI) : Gray Financial Group Ga Adv Adv reduced its stake in Super Micro Computer by 6.06% during the most recent quarter end. The investment management company now holds a total of 7,745 shares of Super Micro Computer which is valued at $151,492 after selling 500 shares in Super Micro Computer , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Super Micro Computer makes up approximately 0.06% of Gray Financial Group Ga Adv Adv’s portfolio.
Other Hedge Funds, Including , Simplex Trading added SMCI to its portfolio by purchasing 1,135 company shares during the most recent quarter which is valued at $22,201.Anderson Hoagland Co reduced its stake in SMCI by selling 190 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 73,345 shares of SMCI which is valued at $1,434,628. Super Micro Computer makes up approx 0.88% of Anderson Hoagland Co’s portfolio.Hall Laurie J Trustee boosted its stake in SMCI in the latest quarter, The investment management firm added 460 additional shares and now holds a total of 780 shares of Super Micro Computer which is valued at $20,335. Super Micro Computer makes up approx 0.01% of Hall Laurie J Trustee’s portfolio. Cutler Group Lp added SMCI to its portfolio by purchasing 1,269 company shares during the most recent quarter which is valued at $33,083.
Super Micro Computer opened for trading at $19.09 and hit $19.59 on the upside on Wednesday, eventually ending the session at $19.56, with a gain of 2.84% or 0.54 points. The heightened volatility saw the trading volume jump to 22,01,829 shares. Company has a market cap of $947 M.
On the company’s financial health, Super Micro Computer reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.35. The company had revenue of $532.70 million for the quarter, compared to analysts expectations of $530.85 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on Super Micro Computer. Super Micro Computer was Downgraded by Stifel to ” Hold” on Jul 19, 2016. Shares were Reiterated by Needham on Jul 19, 2016 to “Buy” and Lowered the Price Target to $ 25 from a previous price target of $31 .Shares were Reiterated by Maxim Group on Jun 13, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $46 .
Super Micro Computer Inc. offers server technology. The Company develops and provides end-to-end green computing solutions to the data center cloud computing enterprise information technology information technology (IT) big data high performance computing (HPC) and 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. It sells its server systems and server subsystems and accessories through a combination of distributors including value added resellers and system integrators and other equipment manufacturers (OEMs) as well as through its direct sales force. As of June 30 2015 the Company offered over 4550 stock keeping units (SKUs) including SKUs for server and storage systems serverboards chassis power supplies and other accessories. The Company develops and manufactures server solutions based upon a modular and open architecture.