Foundations Investment Advisors LLC grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 19.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 38,583 shares of the company's stock after acquiring an additional 6,314 shares during the period. Foundations Investment Advisors LLC's holdings in Super Micro Computer were worth $1,321,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Thrivent Financial for Lutherans raised its position in shares of Super Micro Computer by 8.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 21,357 shares of the company's stock worth $651,000 after acquiring an additional 1,597 shares in the last quarter. American Century Companies Inc. grew its stake in Super Micro Computer by 111.0% during the fourth quarter. American Century Companies Inc. now owns 161,007 shares of the company's stock worth $4,907,000 after purchasing an additional 84,691 shares during the period. Sei Investments Co. increased its holdings in Super Micro Computer by 617.0% in the fourth quarter. Sei Investments Co. now owns 34,422 shares of the company's stock worth $1,049,000 after purchasing an additional 29,621 shares in the last quarter. LPL Financial LLC boosted its stake in Super Micro Computer by 561.3% during the fourth quarter. LPL Financial LLC now owns 675,605 shares of the company's stock worth $20,592,000 after acquiring an additional 573,439 shares in the last quarter. Finally, Korea Investment CORP bought a new stake in Super Micro Computer in the fourth quarter valued at $5,598,000. Institutional investors and hedge funds own 84.06% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on SMCI shares. Bank of America started coverage on Super Micro Computer in a research note on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price target for the company. Mizuho increased their price target on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Super Micro Computer from $35.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Citigroup reiterated a "neutral" rating and issued a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a report on Friday, July 11th. Finally, Raymond James Financial started coverage on shares of Super Micro Computer in a research report on Wednesday, June 25th. They issued an "outperform" rating for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $42.89.
Check Out Our Latest Stock Report on SMCI
Insider Activity at Super Micro Computer
In related news, CEO Charles Liang sold 200,000 shares of Super Micro Computer stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $60.00, for a total value of $12,000,000.00. Following the completion of the transaction, the chief executive officer owned 40,426,120 shares in the company, valued at approximately $2,425,567,200. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $60.00, for a total value of $12,000,000.00. Following the sale, the director owned 40,426,120 shares in the company, valued at approximately $2,425,567,200. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,067,000 shares of company stock worth $53,949,340. Insiders own 17.60% of the company's stock.
Super Micro Computer Stock Performance
Shares of NASDAQ SMCI traded up $2.08 during trading on Wednesday, reaching $60.71. 52,543,923 shares of the company traded hands, compared to its average volume of 33,995,012. The firm's fifty day simple moving average is $46.94 and its 200 day simple moving average is $40.47. 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 $36.23 billion, a P/E ratio of 31.94, a PEG ratio of 2.85 and a beta of 1.43. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $72.44.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued 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. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. As a group, research analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.
Super Micro Computer Company Profile
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Free Report)
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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