RWQ Financial Management Services Inc. Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

RWQ Financial Management Services Inc. purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,950 shares of the company's stock, valued at approximately $820,000. Super Micro Computer makes up 0.5% of RWQ Financial Management Services Inc.'s holdings, making the stock its 17th largest holding.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 908.4% in the fourth 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 position in shares of Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after acquiring an additional 11,580,677 shares during the last quarter. FMR LLC bought a new stake in Super Micro Computer in the fourth quarter valued at about $292,869,000. Invesco Ltd. increased its holdings in Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after buying an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after purchasing an additional 4,605,260 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer owned 88,599 shares of the company's stock, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the sale, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock valued at $29,949,340 over the last quarter. Corporate insiders own 17.60% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on SMCI. Wall Street Zen raised Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on Super Micro Computer from $35.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Barclays reissued an "equal weight" rating and set a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. Finally, Wedbush reissued a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $42.89.

Super Micro Computer Price Performance

SMCI traded down $0.47 during midday trading on Thursday, reaching $52.75. 31,450,845 shares of the company's stock were exchanged, compared to its average volume of 68,234,894. The firm has a market capitalization of $31.48 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 2.44 and a beta of 1.43. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $83.50. The business has a 50-day simple moving average of $44.49 and a two-hundred day simple moving average of $39.10.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The company's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.66 earnings per share. As a group, research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Super Micro Computer 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.