Creative Financial Designs Inc. ADV grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 180.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,230 shares of the company's stock after acquiring an additional 6,580 shares during the quarter. Creative Financial Designs Inc. ADV's holdings in Super Micro Computer were worth $350,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Super Micro Computer by 914.7% during the 4th 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 purchased a new position in shares of Super Micro Computer during the 4th quarter valued at about $292,869,000. Invesco Ltd. raised its holdings in shares of Super Micro Computer by 929.5% during the 4th 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 in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of 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 valued at $149,287,000 after buying an additional 4,605,260 shares in the last quarter. Institutional investors own 84.06% of the company's stock.
Super Micro Computer Stock Down 3.4%
Super Micro Computer stock opened at $47.58 on Friday. The stock has a market cap of $28.40 billion, a PE ratio of 25.03 and a beta of 1.40. 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, Inc. has a one year low of $17.25 and a one year high of $96.33. The stock has a fifty day moving average of $39.89 and a 200 day moving average of $37.56.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. As a group, sell-side analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.
Insider Transactions at Super Micro Computer
In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm's stock in a transaction that occurred on 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 sale, the director now directly owns 66,903,640 shares of the company's stock, valued at $3,010,663,800. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David E. Weigand sold 67,000 shares of the firm's stock in a transaction that occurred on 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 now directly owns 88,599 shares of the company's stock, valued at $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock valued at $29,949,340 over the last 90 days. Company insiders own 17.60% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on SMCI shares. JPMorgan Chase & Co. decreased their price objective on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Barclays reissued an "equal weight" rating and set a $34.00 price objective on shares of Super Micro Computer in a report on Tuesday, May 6th. Mizuho set a $40.00 price objective on Super Micro Computer and gave the company a "neutral" rating in a report on Monday, May 19th. Rosenblatt Securities decreased their price target on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Citigroup assumed coverage on Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and a consensus price target of $45.63.
Read Our Latest Stock Analysis on Super Micro Computer
Super Micro Computer Profile
(
Free Report)
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.
Further Reading
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