13,100 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Diligent Investors LLC

Diligent Investors LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,100 shares of the company's stock, valued at approximately $399,000.

Several other large investors have also recently bought and sold shares of SMCI. Vanguard Group Inc. increased its holdings in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC increased its stake in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. FMR LLC purchased a new position in Super Micro Computer in the fourth quarter valued at approximately $292,869,000. Invesco Ltd. raised its holdings in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after buying an additional 4,605,260 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Price Performance

SMCI stock traded down $0.09 on Friday, reaching $32.02. 31,372,163 shares of the company's stock were exchanged, compared to its average volume of 71,740,995. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $35.37 and a 200-day moving average of $35.24. The firm has a market cap of $19.11 billion, a PE ratio of 16.07 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business's revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. As a group, equities analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on SMCI shares. Barclays reiterated an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research note on Tuesday. KGI Securities assumed coverage on Super Micro Computer in a report on Wednesday. They issued a "neutral" rating for the company. Wedbush restated a "neutral" rating and set a $30.00 price target (down previously from $40.00) on shares of Super Micro Computer in a research note on Wednesday. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research note on Thursday. Finally, Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Super Micro Computer has a consensus rating of "Hold" and a consensus target price of $45.53.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.