CTC Alternative Strategies Ltd. Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

CTC Alternative Strategies Ltd. bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,198 shares of the company's stock, valued at approximately $799,000. Super Micro Computer makes up about 1.0% of CTC Alternative Strategies Ltd.'s investment portfolio, making the stock its 17th biggest position.

Several other large investors have also recently made changes to their positions in SMCI. Vanguard Group Inc. boosted its stake 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 worth $1,889,531,000 after acquiring an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC boosted its position in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing 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 approximately $292,869,000. Invesco Ltd. raised its holdings in shares of Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after acquiring an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp boosted its stake 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 purchasing an additional 4,605,260 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

SMCI stock traded up $0.04 during midday trading on Wednesday, hitting $41.61. 17,919,227 shares of the company traded hands, compared to its average volume of 71,800,226. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40. The stock has a market capitalization of $24.83 billion, a price-to-earnings ratio of 20.89 and a beta of 1.36. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business has a 50 day simple moving average of $35.87 and a 200-day simple moving average of $35.83.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company 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 EPS. The business'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 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wedbush reissued a "neutral" rating and set a $30.00 target price (down previously from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Citigroup assumed coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price objective for the company. JPMorgan Chase & Co. reduced their price target on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $45.63.

Insider Activity

In other news, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. 17.60% of the stock is 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.