6,274 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Interchange Capital Partners LLC

Interchange Capital Partners LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,274 shares of the company's stock, valued at approximately $215,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital Advisors Inc. OK raised its stake in shares of Super Micro Computer by 39.8% in the 1st quarter. Capital Advisors Inc. OK now owns 47,251 shares of the company's stock valued at $1,618,000 after buying an additional 13,451 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Super Micro Computer by 17.6% in the 1st quarter. Penserra Capital Management LLC now owns 19,390 shares of the company's stock valued at $662,000 after buying an additional 2,908 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of Super Micro Computer by 172,907.7% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 22,491 shares of the company's stock valued at $770,000 after buying an additional 22,478 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Super Micro Computer by 47.0% in the 1st quarter. Concurrent Investment Advisors LLC now owns 32,818 shares of the company's stock valued at $1,124,000 after buying an additional 10,489 shares in the last quarter. Finally, Huntleigh Advisors Inc. acquired a new position in shares of Super Micro Computer in the 1st quarter valued at $588,000. 84.06% of the stock is owned by institutional investors.

Insider Transactions at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer owned 88,599 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Also, 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 stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the sale, the director owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock worth $29,949,340 in the last quarter. 17.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of recent research reports. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Barclays reiterated an "equal weight" rating and set a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. Citigroup increased their target price on shares of Super Micro Computer from $37.00 to $52.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Mizuho increased their target price on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $41.47.

Super Micro Computer Price Performance

SMCI traded down $1.12 during midday trading on Friday, hitting $49.24. The company had a trading volume of 24,813,483 shares, compared to its average volume of 68,591,936. 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 market capitalization of $29.39 billion, a PE ratio of 25.90, a P/E/G ratio of 2.31 and a beta of 1.43. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $96.33. The firm's 50-day simple moving average is $42.91 and its 200-day simple moving average is $38.57.

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 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 company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. Equities research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

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.