Heartland Bank & Trust Co Acquires New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Heartland Bank & Trust Co acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,319 shares of the company's stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SMCI. Allspring Global Investments Holdings LLC grew its position in Super Micro Computer by 842.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,065 shares of the company's stock valued at $723,000 after purchasing an additional 21,512 shares in the last quarter. Blue Trust Inc. grew its position in Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock valued at $38,000 after purchasing an additional 825 shares in the last quarter. Principal Securities Inc. lifted its stake in Super Micro Computer by 250.4% in the fourth quarter. Principal Securities Inc. now owns 3,147 shares of the company's stock valued at $96,000 after acquiring an additional 2,249 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Super Micro Computer by 887.7% in the fourth quarter. Principal Financial Group Inc. now owns 625,339 shares of the company's stock valued at $19,060,000 after acquiring an additional 562,029 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Super Micro Computer by 529.6% in the fourth quarter. D.A. Davidson & CO. now owns 15,306 shares of the company's stock valued at $467,000 after acquiring an additional 12,875 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $45.32 on Monday. The stock has a market cap of $27.05 billion, a P/E ratio of 23.84 and a beta of 1.40. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $96.33. The company has a fifty day moving average price of $38.58 and a 200 day moving average price of $37.39. 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 released its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. Analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the sale, the chief financial officer now owns 88,599 shares of the company's stock, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the chief executive officer now directly owns 66,903,640 shares in the company, valued at $3,010,663,800. This trade represents a 0.45% decrease in their position. 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 90 days. 17.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SMCI. The Goldman Sachs Group cut 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. Needham & Company LLC reiterated a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Raymond James Financial began coverage on shares of Super Micro Computer in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 target price for the company. Rosenblatt Securities reduced their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $45.63.

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.

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