CenterBook Partners LP Purchases New Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

CenterBook Partners LP acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,582 shares of the company's stock, valued at approximately $328,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in Super Micro Computer by 1.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company's stock valued at $854,000 after buying an additional 302 shares during the period. Wahed Invest LLC raised its stake in Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after purchasing an additional 352 shares during the period. Victory Capital Management Inc. raised its stake in Super Micro Computer by 0.3% during the first quarter. Victory Capital Management Inc. now owns 162,589 shares of the company's stock worth $5,567,000 after purchasing an additional 457 shares during the period. Shelton Capital Management raised its stake in Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after purchasing an additional 480 shares during the period. Finally, IMG Wealth Management Inc. raised its stake in Super Micro Computer by 90.7% during the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock worth $36,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer directly owned 88,599 shares of the company's stock, valued at $3,900,127.98. This represents a 43.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's 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 director directly 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 disclosure for this sale can be found here. Insiders have sold a total of 667,000 shares of company stock valued at $29,949,340 in the last three months. Corporate insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. KGI Securities initiated coverage on Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating for the company. Needham & Company LLC reiterated a "buy" rating and set a $39.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. Citigroup reiterated a "neutral" rating and set a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a report on Friday, July 11th. Finally, Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a report on Wednesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $42.89.

Super Micro Computer Stock Down 1.9%

Super Micro Computer stock traded down $0.98 during midday trading on Friday, hitting $51.77. 31,789,538 shares of the company were exchanged, compared to its average volume of 68,122,975. The company's fifty day moving average price is $44.89 and its 200-day moving average price is $39.25. The company has a market cap of $30.90 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $82.19.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly 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. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. Super Micro Computer's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. On average, research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Super Micro Computer Company 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.