FORA Capital LLC Makes New $6.05 Million Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

FORA Capital LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 198,477 shares of the company's stock, valued at approximately $6,050,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Super Micro Computer by 1,160.6% during the fourth quarter. GAMMA Investing LLC now owns 6,341 shares of the company's stock valued at $193,000 after acquiring an additional 5,838 shares during the last quarter. Czech National Bank increased its holdings in Super Micro Computer by 963.7% during the 4th quarter. Czech National Bank now owns 109,175 shares of the company's stock valued at $3,328,000 after purchasing an additional 98,911 shares during the period. Brookstone Capital Management raised its position in Super Micro Computer by 930.2% during the 4th quarter. Brookstone Capital Management now owns 6,995 shares of the company's stock valued at $213,000 after purchasing an additional 6,316 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in Super Micro Computer in the 4th quarter worth approximately $43,000. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $30,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on SMCI shares. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research note on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday. Finally, Wedbush reaffirmed a "neutral" rating and set a $30.00 price objective (down from $40.00) 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.53.

Super Micro Computer Stock Down 0.3 %

NASDAQ:SMCI traded down $0.09 on Friday, reaching $32.02. 31,372,163 shares of the stock traded hands, compared to its average volume of 71,741,000. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 16.07 and a beta of 1.36. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40. The company's fifty day simple moving average is $35.37 and its 200 day simple moving average is $35.24.

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

Insider Activity

In other news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 over the last ninety days. 17.60% of the stock is currently owned by corporate insiders.

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.