13,176 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Purchased by Blair William & Co. IL

Key Points

• Blair William & Co. IL purchased a new stake in Super Micro Computer, acquiring 13,176 shares valued at approximately $451,000 in the first quarter.
• Institutional investors own 84.06% of Super Micro Computer's stock, with several firms such as PNC Financial Services and Harbour Investments significantly increasing their holdings.
• Super Micro Computer recently reported $0.41 earnings per share for the last quarter, falling short of analysts' estimates, with revenue of $5.76 billion, below expected figures.

Blair William & Co. IL bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,176 shares of the company's stock, valued at approximately $451,000.

A number of other institutional investors also recently modified their holdings of SMCI. PNC Financial Services Group Inc. raised its holdings in Super Micro Computer by 20.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 48,396 shares of the company's stock valued at $1,657,000 after buying an additional 8,148 shares during the last quarter. Blueshift Asset Management LLC grew its position in shares of Super Micro Computer by 56.1% during the 1st quarter. Blueshift Asset Management LLC now owns 12,613 shares of the company's stock worth $432,000 after buying an additional 4,532 shares during the period. Moors & Cabot Inc. grew its position in Super Micro Computer by 69.9% in the 1st quarter. Moors & Cabot Inc. now owns 66,733 shares of the company's stock valued at $2,285,000 after purchasing an additional 27,463 shares during the period. US Bancorp DE grew its position in Super Micro Computer by 36.2% in the 1st quarter. US Bancorp DE now owns 39,307 shares of the company's stock valued at $1,346,000 after purchasing an additional 10,444 shares during the period. Finally, Harbour Investments Inc. lifted its stake in Super Micro Computer by 779.0% during the 1st quarter. Harbour Investments Inc. now owns 23,646 shares of the company's stock valued at $810,000 after acquiring an additional 20,956 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on SMCI. Northland Securities set a $59.00 target price on Super Micro Computer in a research note on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price objective on Super Micro Computer from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. KGI Securities started coverage on Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating for the company. Barclays lifted their price objective on Super Micro Computer from $29.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Finally, Mizuho lifted their price objective on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $44.75.

Insider Buying and Selling

In other news, 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 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 $3,010,663,800. The trade was a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,067,000 shares of company stock worth $53,949,340 in the last ninety days. 16.30% of the stock is owned by insiders.

Super Micro Computer Stock Up 2.7%

NASDAQ SMCI traded up $1.23 on Tuesday, reaching $46.43. 30,277,353 shares of the stock traded hands, compared to its average volume of 45,544,592. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.32 and a current ratio of 5.32. The company has a fifty day moving average price of $48.75 and a 200-day moving average price of $41.74. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.20 and a beta of 1.46. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $66.44.

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). Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The company had revenue of $5.76 billion during the quarter, compared to analysts' expectations of $5.88 billion. During the same quarter in the prior year, the business posted $6.25 earnings per share. The company's revenue was up 8.5% compared to the same quarter last year. As a group, research analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

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.