Sovereign s Capital Management LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Sovereign s Capital Management LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 177,778 shares of the company's stock, valued at approximately $5,419,000. Super Micro Computer accounts for about 3.5% of Sovereign s Capital Management LLC's investment portfolio, making the stock its largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after buying an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the last quarter. FMR LLC bought a new position in shares of Super Micro Computer in the 4th quarter valued at $292,869,000. Invesco Ltd. raised its position in Super Micro Computer by 929.5% during the 4th 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 during the last quarter. Finally, Northern Trust Corp raised its position in 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 purchasing an additional 4,605,260 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SMCI. JPMorgan Chase & Co. reduced their target price on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Northland Securities set a $59.00 target price on Super Micro Computer in a research note on Wednesday, May 7th. Raymond James began coverage on shares of Super Micro Computer in a report on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 price target on the stock. Citigroup assumed coverage on shares of Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 target price on the stock. Finally, StockNews.com raised shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.63.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI traded down $1.12 during trading on Wednesday, reaching $41.65. 54,643,355 shares of the company traded hands, compared to its average volume of 72,537,384. The firm's fifty day simple moving average is $35.80 and its 200 day simple moving average is $35.28. The stock has a market cap of $24.86 billion, a P/E ratio of 20.91 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 has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

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 for the quarter, beating the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the business earned $0.66 EPS. Super Micro Computer's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, research analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company's stock.

About Super Micro Computer

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.