Gateway Investment Advisers LLC Invests $3.48 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)

Gateway Investment Advisers LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 101,602 shares of the company's stock, valued at approximately $3,479,000.

A number of other large investors also recently made changes to their positions in SMCI. Wealth Quarterback LLC bought a new position in Super Micro Computer during the 4th quarter worth $435,000. New York Life Investment Management LLC grew its stake in shares of Super Micro Computer by 907.8% in the fourth quarter. New York Life Investment Management LLC now owns 67,585 shares of the company's stock valued at $2,060,000 after acquiring an additional 60,879 shares in the last quarter. Fisher Asset Management LLC bought a new position in Super Micro Computer during the fourth quarter worth about $209,000. US Bancorp DE raised its stake in Super Micro Computer by 1,147.3% in the 4th quarter. US Bancorp DE now owns 28,863 shares of the company's stock worth $880,000 after purchasing an additional 26,549 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Super Micro Computer by 842.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,065 shares of the company's stock worth $723,000 after purchasing an additional 21,512 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Trading Up 1.9%

Shares of Super Micro Computer stock opened at $41.55 on Friday. The firm's 50 day moving average is $36.55 and its 200 day moving average is $36.91. The firm has a market capitalization of $24.80 billion, a PE ratio of 20.86 and a beta of 1.40. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.66 earnings per share. Equities research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the transaction, the chief financial officer now owns 88,599 shares of the company's stock, valued at $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price target on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $40.00 to $32.00 in a report on Monday, March 24th. Citigroup began coverage on Super Micro Computer in a research report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 target price for the company. Finally, Wedbush restated a "neutral" rating and issued a $30.00 price target (down previously from $40.00) on shares of Super Micro Computer in a research report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $45.63.

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.

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