18,512 Shares in Super Micro Computer, Inc. $SMCI Acquired by Allstate Corp

Key Points

• Allstate Corp recently acquired 18,512 shares of Super Micro Computer, Inc. for approximately $634,000, indicating growing institutional interest in the company.
• Several hedge funds increased their holdings in Super Micro Computer during the first quarter, with institutional investors now owning 84.06% of the company's stock.
• Super Micro Computer reported mixed quarterly earnings, posting $0.41 EPS, which missed estimates, alongside revenue of $5.76 billion, below the forecast of $5.88 billion.

Allstate Corp bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,512 shares of the company's stock, valued at approximately $634,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. bought a new stake in Super Micro Computer during the 1st quarter worth approximately $5,408,000. Gibraltar Capital Management Inc. bought a new stake in Super Micro Computer during the 1st quarter worth approximately $205,000. Sequoia Financial Advisors LLC increased its holdings in Super Micro Computer by 43.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 19,243 shares of the company's stock worth $659,000 after acquiring an additional 5,804 shares during the period. Capital Advisors Inc. OK increased its holdings in Super Micro Computer by 39.8% during the 1st quarter. Capital Advisors Inc. OK now owns 47,251 shares of the company's stock worth $1,618,000 after acquiring an additional 13,451 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in Super Micro Computer by 796.5% during the 4th quarter. Nuveen Asset Management LLC now owns 1,446,722 shares of the company's stock worth $44,096,000 after acquiring an additional 1,285,355 shares during the period. Institutional investors own 84.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Needham & Company LLC increased their price target on shares of Super Micro Computer from $39.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Bank of America assumed coverage on shares of Super Micro Computer in a report on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price target on the stock. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a report on Wednesday, May 7th. Wedbush reissued a "neutral" rating and issued a $30.00 price target on shares of Super Micro Computer in a report on Monday, August 4th. Finally, Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $44.75.

Super Micro Computer Trading Up 0.4%

Shares of SMCI opened at $44.07 on Tuesday. The stock has a market capitalization of $26.30 billion, a P/E ratio of 26.55, a PEG ratio of 1.09 and a beta of 1.46. The company has a quick ratio of 3.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $49.04 and a two-hundred day simple moving average of $42.73. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $66.44.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $5.76 billion for the quarter, compared to analysts' expectations of $5.88 billion. Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $6.25 EPS. Super Micro Computer has set its Q1 2026 guidance at 0.400-0.520 EPS. FY 2026 guidance at EPS. On average, research analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the completion of the sale, the director owned 40,426,120 shares of the company's stock, valued at $2,425,567,200. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Charles Liang sold 200,000 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the sale, the chief executive officer directly owned 40,426,120 shares of the company's stock, valued at $2,425,567,200. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,000,000 shares of company stock valued at $51,000,000 in the last three months. 16.30% 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.

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