Caas Capital Management LP Makes New $301,000 Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Caas Capital Management LP acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,800 shares of the company's stock, valued at approximately $301,000.

Several other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after purchasing an additional 762 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of Super Micro Computer in the 4th quarter valued at about $33,000. Quarry LP purchased a new position in shares of Super Micro Computer in the 4th quarter valued at about $34,000. Finally, Central Pacific Bank Trust Division purchased a new stake in Super Micro Computer during the 1st quarter worth approximately $34,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of the firm'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 sale, the chief financial officer owned 88,599 shares in the company, valued at $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the transaction, the director directly owned 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 quarter, insiders sold 667,000 shares of company stock worth $29,949,340. Company insiders own 17.60% of the company's stock.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $50.36 on Friday. The stock's 50-day moving average is $42.60 and its two-hundred day moving average is $38.46. The firm has a market cap of $30.06 billion, a price-to-earnings ratio of 26.49 and a beta of 1.43. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year 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 announced its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $5.40 billion. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The business's quarterly revenue was up 19.5% compared to the same quarter last year. Analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on SMCI. Rosenblatt Securities cut their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Barclays reiterated an "equal weight" rating and issued a $34.00 price objective on shares of Super Micro Computer in a report on Tuesday, May 6th. Citigroup started coverage on Super Micro Computer in a research note on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price target on the stock. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Wedbush reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $40.60.

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.

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