Emerald Mutual Fund Advisers Trust Buys 5,637 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Emerald Mutual Fund Advisers Trust increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 281.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,640 shares of the company's stock after buying an additional 5,637 shares during the period. Emerald Mutual Fund Advisers Trust's holdings in Super Micro Computer were worth $262,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SMCI. Vanguard Group Inc. lifted its position in shares of Super Micro Computer by 908.4% in the 4th 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 during the period. Geode Capital Management LLC lifted its position in shares of 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 worth $390,572,000 after purchasing an additional 11,580,677 shares during the period. FMR LLC acquired a new position in shares of Super Micro Computer in the 4th quarter worth approximately $292,869,000. Invesco Ltd. lifted its position in shares of Super Micro Computer by 929.5% in the 4th 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 during the period. Finally, Northern Trust Corp lifted its position in shares of 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 worth $149,287,000 after purchasing an additional 4,605,260 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's 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 sale, the director directly owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Liang sold 300,000 shares of the 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 completion of the sale, the chief executive officer directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 667,000 shares of company stock valued at $29,949,340 over the last three months. 17.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on SMCI. KGI Securities began coverage on shares of Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating for the company. Barclays restated an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research note on Tuesday, May 6th. Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Rosenblatt Securities reduced 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. Finally, Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus price target of $41.47.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI traded down $1.12 during midday trading on Friday, reaching $49.24. The company had a trading volume of 24,813,483 shares, compared to its average volume of 68,660,178. The company's 50 day moving average price is $42.91 and its 200 day moving average price is $38.59. 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 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 52-week low of $17.25 and a 52-week high of $96.33.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The firm's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. As a group, sell-side analysts anticipate 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.