KBC Group NV Purchases 9,476 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

KBC Group NV raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 22.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,422 shares of the company's stock after purchasing an additional 9,476 shares during the quarter. KBC Group NV's holdings in Super Micro Computer were worth $1,761,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SMCI. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC raised its holdings in Super Micro Computer by 914.7% in the fourth 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 in the last quarter. FMR LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at $292,869,000. Invesco Ltd. increased its holdings in Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp grew its position in Super Micro Computer by 1,573.8% during 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 period. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Down 3.0%

SMCI traded down $1.45 on Monday, reaching $47.11. 32,931,802 shares of the company traded hands, compared to its average volume of 69,185,152. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The company has a market cap of $28.12 billion, a price-to-earnings ratio of 24.78 and a beta of 1.43. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $96.33. The stock's 50 day moving average price is $41.62 and its 200-day moving average price is $38.18.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same period last year, the business earned $0.66 earnings per share. Super Micro Computer's quarterly revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and set a $39.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Wedbush reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Wednesday, June 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of "Hold" and a consensus target price of $46.06.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction dated 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 directly owned 66,903,640 shares in the company, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 300,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer 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. Over the last 90 days, insiders sold 667,000 shares of company stock valued at $29,949,340. Corporate insiders own 17.60% of the company's stock.

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.