GAMMA Investing LLC Buys 8,202 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

GAMMA Investing LLC increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 129.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,543 shares of the company's stock after acquiring an additional 8,202 shares during the quarter. GAMMA Investing LLC's holdings in Super Micro Computer were worth $498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after buying an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC boosted its stake in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at $292,869,000. Invesco Ltd. boosted its stake 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 valued at $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp boosted its stake 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 valued at $149,287,000 after purchasing an additional 4,605,260 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Down 0.5%

NASDAQ SMCI traded down $0.24 during trading hours on Friday, reaching $48.51. 18,665,575 shares of the company's stock were exchanged, compared to its average volume of 69,330,447. The company's 50-day moving average is $41.42 and its two-hundred day moving average is $37.99. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $96.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The company has a market capitalization of $28.95 billion, a price-to-earnings ratio of 25.52 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released 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. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. The business's revenue was up 19.5% on a year-over-year basis. On average, analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SMCI shares. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Wedbush restated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Needham & Company LLC reiterated a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Finally, KGI Securities started coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They set a "neutral" rating on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of "Hold" and a consensus target price of $46.06.

Insiders Place Their Bets

In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction that occurred 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 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 owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock valued at $29,949,340 in the last quarter. 17.60% of the stock is currently owned by insiders.

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.