Kalos Management Lowers stake in Super Micro Computer (SMCI)

Super Micro Computer (SMCI) : Kalos Management reduced its stake in Super Micro Computer by 50.92% during the most recent quarter end. The investment management company now holds a total of 15,166 shares of Super Micro Computer which is valued at $311,510 after selling 15,737 shares in Super Micro Computer , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Super Micro Computer makes up approximately 0.23% of Kalos Management’s portfolio.

Other Hedge Funds, Including , Pillar Pacific Capital Management sold out all of its stake in SMCI during the most recent quarter. The investment firm sold 7,300 shares of SMCI which is valued $149,942.Alps Advisors Inc reduced its stake in SMCI by selling 920 shares or 6.83% in the most recent quarter. The Hedge Fund company now holds 12,542 shares of SMCI which is valued at $267,145. Gemmer Asset Management sold out all of its stake in SMCI during the most recent quarter. The investment firm sold 76 shares of SMCI which is valued $1,524.Nisa Investment Advisors reduced its stake in SMCI by selling 300 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 16,100 shares of SMCI which is valued at $424,074. Super Micro Computer makes up approx 0.01% of Nisa Investment Advisors’s portfolio. Kistler-tiffany Companies added SMCI to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $303.

Super Micro Computer closed down -0.12 points or -0.58% at $20.42 with 4,34,997 shares getting traded on Thursday. Post opening the session at $20.62, the shares hit an intraday low of $20.37 and an intraday high of $20.9 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Super Micro Computer reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.16. The company had revenue of $524.30 million for the quarter, compared to analysts expectations of $523.34 million. The company’s revenue was down -8.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.

Many Wall Street Analysts have commented on Super Micro Computer. Super Micro Computer was Initiated by Pacific Crest to “Sector Weight” on Jul 28, 2016. 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 .

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.

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