KBC Group NV Has $1.76 Million Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

KBC Group NV increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 22.6% in the first quarter, according to its most recent Form 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 period. KBC Group NV's holdings in Super Micro Computer were worth $1,761,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Sovran Advisors LLC bought a new stake in Super Micro Computer in the first quarter worth $295,000. Golden State Wealth Management LLC boosted its holdings in Super Micro Computer by 60.0% in the first quarter. Golden State Wealth Management LLC now owns 1,776 shares of the company's stock worth $61,000 after purchasing an additional 666 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Super Micro Computer by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company's stock worth $854,000 after purchasing an additional 302 shares in the last quarter. 3Chopt Investment Partners LLC bought a new stake in Super Micro Computer in the first quarter worth $340,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Super Micro Computer by 69.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 79,377 shares of the company's stock worth $2,718,000 after purchasing an additional 32,666 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Trading Down 0.5%

NASDAQ SMCI traded down $0.24 during trading hours on Friday, hitting $48.51. The company's stock had a trading volume of 18,665,575 shares, compared to its average volume of 69,245,496. The stock has a fifty day moving average of $41.42 and a 200 day moving average of $37.99. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $96.33. The firm has a market capitalization of $28.95 billion, a P/E ratio of 25.52 and a beta of 1.43. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The business 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 firm's quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the business posted $0.66 earnings per share. Equities research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 88,599 shares of the company's stock, valued at $3,900,127.98. This trade represents a 43.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction dated 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 transaction, the director directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This trade 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 valued at $29,949,340 in the last quarter. Company insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of recent research reports. KGI Securities initiated coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating for the company. Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Citigroup initiated coverage on shares of Super Micro Computer in a research report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 target price for the company. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Rosenblatt Securities lowered their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $46.06.

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.