Johnson Investment Counsel Inc. Invests $223,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Johnson Investment Counsel Inc. purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,510 shares of the company's stock, valued at approximately $223,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wahed Invest LLC raised its position in Super Micro Computer by 2.9% during the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after purchasing an additional 352 shares in the last quarter. Shelton Capital Management increased its stake in shares of Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after buying an additional 480 shares during the period. AlphaQuest LLC raised its holdings in shares of Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after acquiring an additional 762 shares in the last quarter. Griffith & Werner Inc. raised its holdings in shares of Super Micro Computer by 3.6% in the first quarter. Griffith & Werner Inc. now owns 23,786 shares of the company's stock valued at $814,000 after acquiring an additional 820 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after acquiring an additional 825 shares during the period. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Trading Up 1.9%

Shares of Super Micro Computer stock opened at $45.32 on Monday. The firm's 50 day simple moving average is $38.58 and its two-hundred day simple moving average is $37.39. The firm has a market capitalization of $27.05 billion, a price-to-earnings ratio of 23.84 and a beta of 1.40. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $96.33. 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 (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $0.66 earnings per share. Analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Activity

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm's 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 completion of the sale, the director now directly owns 66,903,640 shares of the company's stock, valued at $3,010,663,800. This trade represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer now owns 88,599 shares in the company, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 667,000 shares of company stock worth $29,949,340 over the last three months. Insiders own 17.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Raymond James Financial assumed coverage on shares of Super Micro Computer in a research note on Tuesday, May 13th. They set an "outperform" rating and a $41.00 price objective on the stock. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lowered their target price on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, Citigroup assumed coverage on Super Micro Computer in a research report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 target price on the stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45.63.

Super Micro Computer 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.

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