Gibraltar Capital Management Inc. Acquires New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

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

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after buying an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC bought a new stake in shares of Super Micro Computer in the fourth quarter worth $292,869,000. Invesco Ltd. lifted its position in shares of Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $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.

Insider Transactions at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the sale, the director directly owned 66,903,640 shares in the company, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Liang sold 300,000 shares of Super Micro Computer 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 sale, the chief executive officer owned 66,903,640 shares in the company, 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 667,000 shares of company stock worth $29,949,340 in the last ninety days. Company insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SMCI. JPMorgan Chase & Co. cut their price objective on shares of 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 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 research report on Monday, March 24th. Mizuho increased their price objective on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Rosenblatt Securities reduced their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Northland Securities set a $59.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus price target of $43.88.

Super Micro Computer Trading Up 0.7%

Shares of SMCI stock traded up $0.34 during trading hours on Thursday, hitting $50.36. 33,182,968 shares of the company were exchanged, compared to its average volume of 68,645,391. The firm has a market cap of $30.06 billion, a P/E ratio of 26.49 and a beta of 1.43. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week 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 50 day simple moving average of $42.25 and a two-hundred day simple moving average of $38.34.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. During the same period last year, the business earned $0.66 EPS. The business's revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

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.