6,780 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,780 shares of the company's stock, valued at approximately $207,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at $292,869,000. Invesco Ltd. raised its holdings in shares of Super Micro Computer by 929.5% in the fourth 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 last quarter. Finally, Northern Trust Corp lifted its position in Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after buying an additional 4,605,260 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SMCI shares. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a report on Wednesday, May 7th. Rosenblatt Securities lowered their target price 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. Raymond James started coverage on Super Micro Computer in a research note on Tuesday, May 13th. They set an "outperform" rating and a $41.00 price target on the stock. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $45.63.

Super Micro Computer Stock Down 1.9%

Shares of NASDAQ:SMCI traded down $0.81 during mid-day trading on Thursday, reaching $41.15. 35,795,347 shares of the stock were exchanged, compared to its average volume of 71,778,444. The company has a market cap of $24.56 billion, a P/E ratio of 20.66 and a beta of 1.36. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The stock's 50 day simple moving average is $35.87 and its 200-day simple moving average is $35.87. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The firm's revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Buying and Selling

In other news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, May 20th. The stock was 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 now directly owns 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by corporate insiders.

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.