Ballentine Partners LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Ballentine Partners LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,388 shares of the company's stock, valued at approximately $219,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Super Micro Computer by 908.4% in the 4th 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 in the last quarter. Geode Capital Management LLC grew its holdings in Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. FMR LLC bought a new position in Super Micro Computer during the 4th quarter valued at about $292,869,000. Invesco Ltd. boosted its position in Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after buying an additional 6,810,082 shares during the period. Finally, Northern Trust Corp boosted its position in 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 buying an additional 4,605,260 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Trading Up 0.1%

NASDAQ SMCI opened at $53.22 on Thursday. The firm has a market cap of $31.76 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.43 and a beta of 1.43. The stock's 50-day moving average is $44.08 and its 200-day moving average is $38.95. 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, Inc. has a one year low of $17.25 and a one year high of $84.67.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly 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 company had revenue of $4.60 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $0.66 earnings per share. Sell-side analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SMCI. Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Citigroup restated a "neutral" rating and set a $52.00 price objective (up previously from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Needham & Company LLC reissued a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Rosenblatt Securities cut their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their target price on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $42.11.

Insider Transactions at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction that occurred 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 owned 66,903,640 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer owned 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 667,000 shares of company stock valued at $29,949,340. Corporate insiders own 17.60% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.