Gibraltar Capital Management Inc. Purchases Shares of 6,001 Super Micro Computer, Inc. (NASDAQ:SMCI)

Gibraltar Capital Management Inc. purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,001 shares of the company's stock, valued at approximately $205,000.

Several other institutional investors also recently modified their holdings of SMCI. Fisher Asset Management LLC acquired a new position in shares of Super Micro Computer in the 4th quarter worth approximately $209,000. US Bancorp DE grew its holdings in Super Micro Computer by 1,147.3% during the 4th quarter. US Bancorp DE now owns 28,863 shares of the company's stock worth $880,000 after acquiring an additional 26,549 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Super Micro Computer by 931.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,196 shares of the company's stock worth $37,000 after acquiring an additional 1,080 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Super Micro Computer by 1,359.9% in the 4th quarter. Jones Financial Companies Lllp now owns 26,964 shares of the company's stock valued at $822,000 after purchasing an additional 25,117 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Super Micro Computer by 1,175.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,266 shares of the company's stock valued at $313,000 after purchasing an additional 9,461 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction that occurred 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 transaction, the director 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the stock in a transaction 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 sale, the chief financial officer owned 88,599 shares in the company, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is owned by insiders.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded up $0.91 during trading hours on Wednesday, hitting $50.02. 34,948,391 shares of the company's stock traded hands, compared to its average volume of 68,787,134. The stock has a market capitalization of $29.85 billion, a price-to-earnings ratio of 26.31 and a beta of 1.43. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $96.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The company has a fifty day simple moving average of $42.25 and a 200-day simple moving average of $38.34.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the company posted $0.66 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMCI has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Wedbush reissued a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Mizuho lifted their price target on shares of Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group lowered shares of 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. Finally, Raymond James Financial started coverage on Super Micro Computer in a research note on Wednesday, June 25th. They set an "outperform" rating on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $43.88.

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.