Mutual Advisors LLC Purchases New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mutual Advisors LLC purchased 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 & Exchange Commission. The fund purchased 5,511 shares of the company's stock, valued at approximately $201,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC grew its position in 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 valued at $390,572,000 after acquiring an additional 11,580,677 shares during the last quarter. FMR LLC purchased a new position in shares of Super Micro Computer during the fourth quarter worth approximately $292,869,000. Invesco Ltd. lifted its holdings in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after acquiring an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Super Micro Computer by 1,573.8% in the 4th 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 in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 0.7%

NASDAQ SMCI traded up $0.34 during trading hours on Thursday, reaching $50.36. 33,182,968 shares of the company's stock traded hands, compared to its average volume of 68,645,442. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $96.33. 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 firm has a 50-day simple moving average of $42.25 and a 200 day simple moving average of $38.34. The firm has a market cap of $30.06 billion, a PE ratio of 26.49 and a beta of 1.43.

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

Insiders Place Their Bets

In other news, CEO Charles Liang sold 300,000 shares of the company's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's stock in a transaction dated 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 sale, the director owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 667,000 shares of company stock worth $29,949,340 in the last three months. 17.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. 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. Wedbush restated a "buy" rating on shares of Super Micro Computer in a report on Wednesday, June 25th. Raymond James Financial began coverage on shares of Super Micro Computer in a report on Wednesday, June 25th. They set an "outperform" rating for the company. Finally, Barclays reissued an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $43.88.

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.