Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,240 shares of the company's stock after buying an additional 16,835 shares during the period. Asset Management One Co. Ltd.'s holdings in Super Micro Computer were worth $6,343,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its position in Super Micro Computer by 7.7% during the first quarter. Oppenheimer & Co. Inc. now owns 415,230 shares of the company's stock worth $14,217,000 after buying an additional 29,678 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of Super Micro Computer by 2,076.9% in the 1st quarter. JFS Wealth Advisors LLC now owns 2,830 shares of the company's stock valued at $97,000 after purchasing an additional 2,700 shares during the last quarter. Stiles Financial Services Inc grew its stake in shares of Super Micro Computer by 71.5% in the 1st quarter. Stiles Financial Services Inc now owns 19,470 shares of the company's stock valued at $667,000 after purchasing an additional 8,120 shares during the last quarter. Centerpoint Advisory Group purchased a new position in shares of Super Micro Computer in the 1st quarter valued at approximately $457,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Super Micro Computer in the 1st quarter valued at approximately $493,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Buying and Selling

In other news, CFO David E. Weigand sold 67,000 shares of the business's 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 completion of the transaction, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the chief executive officer now directly owns 66,903,640 shares of the company's stock, 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. Over the last ninety days, insiders sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho set a $40.00 target price on Super Micro Computer and gave the company a "neutral" rating in a research note on Monday, May 19th. Northland Securities set a $59.00 target price on Super Micro Computer in a research note on Wednesday, May 7th. Raymond James Financial assumed coverage on Super Micro Computer in a research note on Wednesday. They issued an "outperform" rating on the stock. Citigroup began coverage on Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price on the stock. Finally, Needham & Company LLC restated a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $45.63.

Super Micro Computer Price Performance

SMCI stock traded down $1.69 during midday trading on Friday, hitting $47.58. 53,677,127 shares of the stock were exchanged, compared to its average volume of 69,605,084. The stock's 50-day moving average price is $39.89 and its 200-day moving average price is $37.55. The stock 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 fifty-two week low of $17.25 and a fifty-two week high of $96.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (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 analysts' expectations 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 previous year, the firm posted $0.66 earnings per share. Research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

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.