Fifth Lane Capital LP Takes $291,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• Fifth Lane Capital LP acquired a new stake in Super Micro Computer, purchasing 8,500 shares valued at approximately $291,000, which now constitutes about 1.3% of its holdings.
• Institutional investors own 84.06% of Super Micro Computer's stock, with major stake increases from firms like Northern Trust Corp and UBS AM in the last quarter.
• Super Micro Computer reported a net margin of 4.77% and a revenue of $5.76 billion for the quarter, missing estimates and reflecting a year-over-year growth of 8.5%.

Fifth Lane Capital LP acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,500 shares of the company's stock, valued at approximately $291,000. Super Micro Computer comprises about 1.3% of Fifth Lane Capital LP's holdings, making the stock its 11th biggest holding.

Several other large investors also recently made changes to their positions in the stock. Northern Trust Corp raised 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 acquiring an additional 4,605,260 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Super Micro Computer by 6,368.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,815,996 shares of the company's stock valued at $85,832,000 after acquiring an additional 2,772,464 shares during the period. Vanguard Group Inc. raised its stake in Super Micro Computer by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company's stock valued at $2,205,322,000 after acquiring an additional 2,415,276 shares during the period. Nuveen LLC bought a new stake in Super Micro Computer in the 1st quarter valued at $53,031,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Super Micro Computer by 1,029.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,419,255 shares of the company's stock valued at $43,260,000 after acquiring an additional 1,293,647 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SMCI shares. Zacks Research raised shares of Super Micro Computer to a "hold" rating in a research report on Monday, August 11th. Barclays boosted their target price on shares of Super Micro Computer from $29.00 to $45.00 and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Bank of America started coverage on shares of Super Micro Computer in a research report on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 target price for the company. Wedbush reissued a "neutral" rating and issued a $30.00 target price on shares of Super Micro Computer in a research report on Monday, August 4th. Finally, KGI Securities initiated coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They issued a "neutral" rating for the company. Three analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $44.75.

Super Micro Computer Price Performance

Shares of SMCI opened at $45.37 on Friday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $66.44. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.32 and a current ratio of 5.32. The business's 50 day moving average price is $48.96 and its two-hundred day moving average price is $42.00. The firm has a market cap of $27.08 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.13 and a beta of 1.46.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The business had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.88 billion. During the same period last year, the firm posted $6.25 earnings per share. Super Micro Computer's quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Liang sold 300,000 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at $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 1,067,000 shares of company stock valued at $53,949,340 over the last ninety days. 16.30% of the stock is owned by company insiders.

About Super Micro Computer

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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