Securian Asset Management Inc. Purchases Shares of 26,588 Super Micro Computer, Inc. (NASDAQ:SMCI)

Securian Asset Management Inc. bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,588 shares of the company's stock, valued at approximately $910,000.

Several other hedge funds have also recently added to or reduced their stakes in SMCI. CWM LLC raised its position in shares of Super Micro Computer by 53.4% during the first quarter. CWM LLC now owns 32,068 shares of the company's stock worth $1,098,000 after purchasing an additional 11,166 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Super Micro Computer in the 1st quarter valued at approximately $928,000. Emerald Advisers LLC raised its position in Super Micro Computer by 219.3% in the 1st quarter. Emerald Advisers LLC now owns 49,495 shares of the company's stock valued at $1,695,000 after buying an additional 33,995 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in Super Micro Computer in the 1st quarter valued at approximately $2,005,000. Finally, Arizona State Retirement System acquired a new stake in Super Micro Computer in the 1st quarter valued at approximately $5,215,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's 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 director owned 66,903,640 shares in the company, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Charles Liang sold 300,000 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the sale, the chief executive officer owned 66,903,640 shares in the company, 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 have sold 667,000 shares of company stock worth $29,949,340 in the last 90 days. Insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SMCI shares. KGI Securities started coverage on Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating for the company. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Citigroup restated a "neutral" rating and issued a $52.00 price target (up from $37.00) on shares of Super Micro Computer in a research note on Friday, July 11th. Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three 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 stock. Based on data from 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

NASDAQ SMCI traded down $0.47 during midday trading on Thursday, hitting $52.75. The company had a trading volume of 31,450,845 shares, compared to its average volume of 68,234,894. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $83.50. The company has a market capitalization of $31.48 billion, a PE ratio of 27.70, a P/E/G ratio of 2.44 and a beta of 1.43. The firm has a 50-day moving average price of $44.08 and a 200-day moving average price of $38.95.

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

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.