CTC Alternative Strategies Ltd. Acquires Shares of 26,198 Super Micro Computer, Inc. (NASDAQ:SMCI)

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

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Super Micro Computer by 908.4% in the fourth 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 Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares in the last quarter. FMR LLC bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $292,869,000. Invesco Ltd. lifted its position 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 acquiring an additional 6,810,082 shares during the period. Finally, Northern Trust Corp lifted its stake in Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after purchasing an additional 4,605,260 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SMCI. JPMorgan Chase & Co. lowered their price target on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Wedbush reiterated a "neutral" rating and issued a $30.00 target price (down from $40.00) on shares of Super Micro Computer in a research report on Wednesday, May 7th. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Citigroup assumed coverage on shares of Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price objective for the company. Finally, Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.63.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction dated 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. Over the last quarter, insiders sold 204,473 shares of company stock valued at $9,720,892. Company insiders own 17.60% of the company's stock.

Super Micro Computer Trading Up 3.4%

Shares of Super Micro Computer stock traded up $1.38 on Tuesday, reaching $41.47. 36,634,436 shares of the company's stock were exchanged, compared to its average volume of 72,011,813. The firm's 50-day moving average is $35.82 and its two-hundred day moving average is $35.79. The company has a market capitalization of $24.75 billion, a P/E ratio of 20.82 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40.

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 for the quarter, beating 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 net margin of 8.09% and a return on equity of 30.57%. The business's quarterly revenue 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. Sell-side analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

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.