ASR Vermogensbeheer N.V. Acquires New Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake of 40,808 shares in Super Micro Computer, Inc., valued at approximately $1,397,000.
• Super Micro Computer's stock has exhibited significant volatility, with a twelve month low of $17.25 and a high of $66.44, currently trading at $44.60.
• Insider selling activity was notable, with CEO Charles Liang offloading 200,000 shares for $12,000,000, reducing his ownership by 0.49%.

ASR Vermogensbeheer N.V. acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,808 shares of the company's stock, valued at approximately $1,397,000.

Other institutional investors also recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in Super Micro Computer during the first quarter valued at about $29,000. Bernard Wealth Management Corp. bought a new stake in Super Micro Computer during the fourth quarter valued at about $33,000. Quarry LP bought a new stake in Super Micro Computer during the fourth quarter valued at about $34,000. Central Pacific Bank Trust Division bought a new stake in Super Micro Computer during the first quarter valued at about $34,000. Finally, IMG Wealth Management Inc. boosted its position in 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 purchasing an additional 500 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $44.60 on Friday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $66.44. The company has a market cap of $26.62 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.19 and a beta of 1.46. The company's 50 day moving average is $48.61 and its 200 day moving average is $41.52. The company has a current ratio of 5.32, a quick ratio of 3.95 and a debt-to-equity ratio of 0.74.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). The company had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.88 billion. Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The company's revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.25 earnings per share. On average, sell-side analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Activity

In other news, CEO Charles Liang sold 200,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $60.00, for a total value of $12,000,000.00. Following the completion of the sale, the chief executive officer directly owned 40,426,120 shares in the company, valued at $2,425,567,200. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value 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 $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,067,000 shares of company stock worth $53,949,340 over the last three months. 17.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SMCI shares. Northland Securities set a $59.00 price objective on Super Micro Computer in a research report on Wednesday, May 7th. Needham & Company LLC raised their price target on Super Micro Computer from $39.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday. Rosenblatt Securities lowered their price target on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. The Goldman Sachs Group raised their price target on Super Micro Computer from $24.00 to $27.00 and gave the stock a "sell" rating in a report on Wednesday. Finally, Bank of America started coverage on Super Micro Computer in a report on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price target for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $44.75.

About Super Micro Computer

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.

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