International Assets Investment Management LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

International Assets Investment Management LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,769 shares of the company's stock, valued at approximately $917,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. boosted 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 worth $38,000 after purchasing an additional 825 shares during the period. Principal Securities Inc. lifted its stake in shares of Super Micro Computer by 250.4% during the 4th quarter. Principal Securities Inc. now owns 3,147 shares of the company's stock valued at $96,000 after buying an additional 2,249 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Super Micro Computer by 529.6% in the 4th quarter. D.A. Davidson & CO. now owns 15,306 shares of the company's stock worth $467,000 after buying an additional 12,875 shares during the period. New York State Common Retirement Fund grew its stake in Super Micro Computer by 823.2% in the 4th quarter. New York State Common Retirement Fund now owns 270,290 shares of the company's stock valued at $8,238,000 after buying an additional 241,011 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Super Micro Computer by 545.6% during the 4th quarter. Private Advisor Group LLC now owns 31,978 shares of the company's stock valued at $975,000 after acquiring an additional 27,025 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Trading Up 5.7%

Shares of SMCI stock traded up $2.66 during trading hours on Thursday, reaching $49.27. The company's stock had a trading volume of 72,121,643 shares, compared to its average volume of 69,959,258. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $96.33. The stock has a market capitalization of $29.41 billion, a P/E ratio of 25.92 and a beta of 1.40. The firm's fifty day simple moving average is $39.21 and its 200 day simple moving average is $37.47.

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 (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the firm earned $0.66 EPS. The company's quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Buying and Selling

In other news, CEO Charles Liang sold 300,000 shares of the 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 now directly owns 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the transaction, the chief financial officer now owns 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% 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 over the last quarter. Corporate insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

SMCI has been the subject of a number of analyst reports. Wedbush reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Wednesday. KGI Securities initiated coverage on Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating for the company. Barclays reiterated an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Citigroup assumed coverage on Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $45.63.

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.