Sfmg LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• Sfmg LLC acquired 26,655 shares of Super Micro Computer, Inc., valued at approximately $913,000, as reported in a recent SEC filing.
• Institutional investors now hold 84.06% of Super Micro Computer's stock, indicating significant interest from hedge funds.
• The company reported a net margin of 5.61% and earnings per share of $0.31, surpassing analysts' expectations for the last quarter.

Sfmg LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 26,655 shares of the company's stock, valued at approximately $913,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eastern Bank purchased a new stake in shares of Super Micro Computer during the first quarter valued at approximately $29,000. Bernard Wealth Management Corp. bought a new position in Super Micro Computer in the fourth quarter worth $33,000. Quarry LP bought a new position in Super Micro Computer in the fourth quarter worth $34,000. Central Pacific Bank Trust Division bought a new position in shares of Super Micro Computer during the first quarter valued at $34,000. Finally, IMG Wealth Management Inc. increased its holdings in shares of Super Micro Computer by 90.7% during the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Down 1.7%

Shares of SMCI stock traded down $0.99 during mid-day trading on Tuesday, hitting $57.24. The stock had a trading volume of 15,941,026 shares, compared to its average volume of 56,712,211. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $66.44. The firm has a market capitalization of $34.16 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 2.76 and a beta of 1.46. The firm's 50-day moving average is $47.99 and its two-hundred day moving average is $41.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Northland Securities set a $59.00 price objective on Super Micro Computer in a research report on Wednesday, May 7th. Needham & Company LLC reissued a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 7th. Bank of America began coverage on Super Micro Computer in a research note on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price objective on the stock. Wedbush reissued a "neutral" rating and set a $30.00 target price on shares of Super Micro Computer in a research note on Monday. Finally, Barclays reissued an "equal weight" rating and set a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $42.89.

Insider Transactions at Super Micro Computer

In other news, 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 completion of the transaction, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $13,500,000.00. Following the completion of the transaction, the director directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,067,000 shares of company stock valued at $53,949,340. Corporate insiders own 17.60% of the company's stock.

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.