Easterly Investment Partners LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Easterly Investment Partners LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,460 shares of the company's stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SMCI. Proficio Capital Partners LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at about $1,176,000. AlphaQuest LLC lifted its position in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after purchasing an additional 762 shares during the period. Farther Finance Advisors LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at about $151,000. Commonwealth Equity Services LLC lifted its position in Super Micro Computer by 869.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 278,804 shares of the company's stock valued at $8,498,000 after purchasing an additional 250,059 shares during the period. Finally, Natixis Advisors LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at about $312,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Activity at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the transaction, the chief financial officer owned 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the chief executive officer owned 66,903,640 shares in the company, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 667,000 shares of company stock worth $29,949,340. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Trading Down 1.9%

Shares of NASDAQ SMCI traded down $0.98 during trading on Friday, hitting $51.77. 31,789,538 shares of the company traded hands, compared to its average volume of 68,122,975. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $82.19. The company has a 50-day moving average price of $44.49 and a 200-day moving average price of $39.10. The firm has a market capitalization of $30.90 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.41 and a beta of 1.43. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38.

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 the consensus estimate of $0.30 by $0.01. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same period in the previous year, the company earned $0.66 EPS. The business's quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Super Micro Computer from $35.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday. Rosenblatt Securities reduced their price target on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Bank of America initiated coverage on shares of Super Micro Computer in a research report on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price target for the company. Finally, The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price target for the company from $40.00 to $32.00 in a research report on Monday, March 24th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $42.89.

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.