Tieton Capital Management Lowers stake in Super Micro Computer (SMCI)

Super Micro Computer (SMCI) : Tieton Capital Management reduced its stake in Super Micro Computer by 4.67% during the most recent quarter end. The investment management company now holds a total of 199,586 shares of Super Micro Computer which is valued at $4,321,037 after selling 9,770 shares in Super Micro Computer , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Super Micro Computer makes up approximately 3.87% of Tieton Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Japan Ltd boosted its stake in SMCI in the latest quarter, The investment management firm added 515 additional shares and now holds a total of 662 shares of Super Micro Computer which is valued at $14,332.Royce Associates Lp boosted its stake in SMCI in the latest quarter, The investment management firm added 257,327 additional shares and now holds a total of 1,235,744 shares of Super Micro Computer which is valued at $26,741,500. Super Micro Computer makes up approx 0.17% of Royce Associates Lp’s portfolio.First Trust Advisors Lp reduced its stake in SMCI by selling 100,266 shares or 78.62% in the most recent quarter. The Hedge Fund company now holds 27,264 shares of SMCI which is valued at $585,631. Parkside Financial Bank Trust added SMCI to its portfolio by purchasing 885 company shares during the most recent quarter which is valued at $18,178. Super Micro Computer makes up approx 0.01% of Parkside Financial Bank Trust’s portfolio. Ftb Advisors sold out all of its stake in SMCI during the most recent quarter. The investment firm sold 27 shares of SMCI which is valued $582.

Super Micro Computer closed down -0.11 points or -0.51% at $21.46 with 2,58,301 shares getting traded on Friday. Post opening the session at $21.46, the shares hit an intraday low of $21.41 and an intraday high of $21.77 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Downgraded by ROTH Capital to ” Neutral” on Aug 5, 2016. 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.

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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