3Chopt Investment Partners LLC Invests $340,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

3Chopt Investment Partners LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,919 shares of the company's stock, valued at approximately $340,000.

A number of other large investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its position in Super Micro Computer by 69.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 79,377 shares of the company's stock worth $2,718,000 after acquiring an additional 32,666 shares in the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in Super Micro Computer during the first quarter worth approximately $688,000. Western Financial Corp CA bought a new stake in Super Micro Computer during the first quarter worth approximately $926,000. Creative Financial Designs Inc. ADV boosted its holdings in Super Micro Computer by 180.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 10,230 shares of the company's stock worth $350,000 after buying an additional 6,580 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Super Micro Computer during the first quarter worth approximately $5,408,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI traded down $1.69 during trading hours on Friday, reaching $47.58. The stock had a trading volume of 53,677,127 shares, compared to its average volume of 69,605,084. The business's fifty day moving average is $39.89 and its two-hundred day moving average is $37.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The company has a market cap of $28.40 billion, a price-to-earnings ratio of 25.03 and a beta of 1.40. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $96.33.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The business 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%. Super Micro Computer's revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. As a group, research analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SMCI. Raymond James Financial began coverage on shares of Super Micro Computer in a report on Wednesday. They set an "outperform" rating for the company. Mizuho set a $40.00 price objective on Super Micro Computer and gave the stock a "neutral" rating in a report on Monday, May 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Rosenblatt Securities lowered their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Barclays reaffirmed 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 equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45.63.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the 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 completion of the transaction, the director now directly owns 66,903,640 shares in the company, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David E. Weigand sold 67,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer now owns 88,599 shares of the company's stock, valued at $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 667,000 shares of company stock worth $29,949,340. 17.60% of the stock is 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.