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

Blackhawk Capital Partners LLC. acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 51,050 shares of the company's stock, valued at approximately $1,748,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. purchased a new position in shares of Super Micro Computer in the first quarter worth about $5,408,000. Gibraltar Capital Management Inc. purchased a new position in shares of Super Micro Computer in the first quarter worth about $205,000. Sequoia Financial Advisors LLC lifted its stake in shares of Super Micro Computer by 43.2% in the first quarter. Sequoia Financial Advisors LLC now owns 19,243 shares of the company's stock worth $659,000 after buying an additional 5,804 shares in the last quarter. US Bancorp DE lifted its stake in shares of Super Micro Computer by 1,147.3% in the fourth quarter. US Bancorp DE now owns 28,863 shares of the company's stock worth $880,000 after buying an additional 26,549 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Super Micro Computer by 561.3% in the fourth quarter. LPL Financial LLC now owns 675,605 shares of the company's stock worth $20,592,000 after buying an additional 573,439 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Trading Down 0.5%

Shares of SMCI traded down $0.22 during trading on Wednesday, reaching $48.89. 14,047,994 shares of the company traded hands, compared to its average volume of 68,692,901. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $96.33. The stock has a market cap of $29.18 billion, a PE ratio of 25.74 and a beta of 1.43. The stock has a 50-day simple moving average of $41.88 and a 200-day simple moving average of $38.26. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly 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 analysts' expectations of $5.40 billion. During the same period last year, the business earned $0.66 earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on SMCI. Citigroup began coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price target on the stock. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Bank of America initiated coverage on shares of Super Micro Computer in a research note on Wednesday. They set an "underperform" rating and a $35.00 target price on the stock. 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. Finally, Mizuho lifted their target price on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $43.88.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, June 18th. The shares were 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 owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 667,000 shares of company stock worth $29,949,340. Corporate insiders own 17.60% of the company's stock.

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.