Emerald Advisers LLC Acquires 33,995 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Emerald Advisers LLC grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 219.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,495 shares of the company's stock after acquiring an additional 33,995 shares during the period. Emerald Advisers LLC's holdings in Super Micro Computer were worth $1,695,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 worth $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Super Micro Computer by 914.7% in 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 stake in shares of Super Micro Computer in the fourth quarter worth $292,869,000. Invesco Ltd. increased its stake in shares of Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Super Micro Computer by 1,573.8% in the fourth 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 in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the director directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 667,000 shares of company stock valued at $29,949,340. Company insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 2.2%

SMCI opened at $49.24 on Monday. The firm has a market cap of $29.39 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.25 and a beta of 1.43. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $96.33. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $42.91 and a 200 day moving average of $38.63.

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. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter last year, the business posted $0.66 earnings per share. The firm's revenue was up 19.5% on a year-over-year basis. As a group, research analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analysts Set New Price Targets

SMCI has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of Super Micro Computer in a research note on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Citigroup raised their target price on shares of Super Micro Computer from $37.00 to $52.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Rosenblatt Securities cut their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given 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 $41.47.

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.

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