6,132 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Purchased by Greenleaf Trust

Greenleaf Trust bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,132 shares of the company's stock, valued at approximately $210,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 55,845,073 shares during the period. Geode Capital Management LLC boosted its stake in Super Micro Computer by 914.7% during the 4th 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 during the period. FMR LLC purchased a new position in Super Micro Computer during the 4th quarter worth $292,869,000. Invesco Ltd. increased its stake in Super Micro Computer by 929.5% in the fourth 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 during the period. Finally, Northern Trust Corp raised its holdings 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 valued at $149,287,000 after buying an additional 4,605,260 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded up $0.49 on Monday, hitting $49.73. The company's stock had a trading volume of 25,553,267 shares, compared to its average volume of 58,753,590. The stock has a 50 day moving average of $42.91 and a 200-day moving average of $38.63. The company has a market capitalization of $29.68 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 2.25 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.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results 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 firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter last year, the business earned $0.66 earnings per share. Super Micro Computer's revenue was up 19.5% compared to the same quarter last year. As a group, research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Mizuho boosted their target price on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Rosenblatt Securities lowered 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 report on Wednesday, May 7th. Finally, Wedbush restated a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $41.47.

Insider Activity

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

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.