Blueshift Asset Management LLC Has $432,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• Blueshift Asset Management LLC has increased its holdings in Super Micro Computer, Inc. by 56.1%, now owning 12,613 shares valued at $432,000.
• Various institutional investors are actively adjusting their stakes, with Moors & Cabot Inc. increasing its holdings by 69.9% and Harbour Investments Inc. seeing a 779.0% rise during the first quarter.
• Analysts have varying price targets for Super Micro Computer, with JPMorgan raising its target to $46.00 and Rosenblatt Securities lowering it to $50.00, while the stock has a consensus rating of "Hold".

Blueshift Asset Management LLC increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 56.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,613 shares of the company's stock after buying an additional 4,532 shares during the period. Blueshift Asset Management LLC's holdings in Super Micro Computer were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. increased its stake in shares of Super Micro Computer by 69.9% during the 1st quarter. Moors & Cabot Inc. now owns 66,733 shares of the company's stock worth $2,285,000 after purchasing an additional 27,463 shares during the last quarter. US Bancorp DE grew its holdings in Super Micro Computer by 36.2% during the first quarter. US Bancorp DE now owns 39,307 shares of the company's stock worth $1,346,000 after purchasing an additional 10,444 shares during the period. Harbour Investments Inc. grew its holdings in Super Micro Computer by 779.0% during the first quarter. Harbour Investments Inc. now owns 23,646 shares of the company's stock worth $810,000 after purchasing an additional 20,956 shares during the period. Natixis Advisors LLC increased its position in Super Micro Computer by 62.3% during the first quarter. Natixis Advisors LLC now owns 16,612 shares of the company's stock worth $569,000 after buying an additional 6,379 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in Super Micro Computer in the first quarter valued at approximately $404,000. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $56.64 on Friday. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $33.80 billion, a PE ratio of 29.79, a P/E/G ratio of 2.87 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. The business's 50-day moving average price is $47.62 and its two-hundred day moving average price is $40.84.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted 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. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. As a group, analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on SMCI. JPMorgan Chase & Co. raised their price objective on shares of Super Micro Computer from $35.00 to $46.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Raymond James Financial started coverage on shares of Super Micro Computer in a research report on Wednesday, June 25th. They issued an "outperform" rating for the company. Rosenblatt Securities lowered their price target on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Finally, KGI Securities assumed coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They set a "neutral" rating on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $42.89.

Insider Buying and Selling at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the sale, the director owned 40,426,120 shares of the company's stock, valued at $2,425,567,200. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles Liang sold 200,000 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 40,426,120 shares in the company, valued at $2,425,567,200. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,067,000 shares of company stock worth $53,949,340 over the last quarter. Corporate insiders own 17.60% of the company's stock.

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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