Cresset Asset Management LLC Acquires 34,835 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Cresset Asset Management LLC raised its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 376.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,097 shares of the company's stock after purchasing an additional 34,835 shares during the quarter. Cresset Asset Management LLC's holdings in Super Micro Computer were worth $1,344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Czech National Bank increased its holdings in shares of Super Micro Computer by 963.7% in the fourth quarter. Czech National Bank now owns 109,175 shares of the company's stock valued at $3,328,000 after buying an additional 98,911 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of Super Micro Computer by 930.2% in the 4th quarter. Brookstone Capital Management now owns 6,995 shares of the company's stock worth $213,000 after acquiring an additional 6,316 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $43,000. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $30,000. Finally, Clean Yield Group purchased a new position in Super Micro Computer in the 4th quarter worth about $46,000. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Performance

Shares of SMCI stock traded up $1.53 during trading on Monday, reaching $33.52. The company had a trading volume of 51,173,212 shares, compared to its average volume of 71,794,740. The company has a market capitalization of $20.00 billion, a PE ratio of 16.83 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm's 50 day simple moving average is $35.26 and its two-hundred day simple moving average is $35.00. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued 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. The business had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. Super Micro Computer's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. Sell-side analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 in the last 90 days. 17.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on SMCI. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Citigroup began coverage on shares of Super Micro Computer in a research report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective on the stock. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Wedbush reaffirmed a "neutral" rating and set a $30.00 target price (down previously from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.