Maxi Investments CY Ltd Has $2.73 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• Maxi Investments CY Ltd increased its stake in Super Micro Computer, Inc. by 94.0% in the first quarter, owning a total of 79,702 shares valued at approximately $2.73 million.
• Insider sales included CFO David E. Weigand selling 67,000 shares for about $2.95 million, and CEO Charles Liang selling 200,000 shares for $12 million, representing decreases in their respective holdings.
• Super Micro Computer reported earnings of $0.31 per share, surpassing estimates, but with revenue falling short of expectations at $4.60 billion for the quarter.

Maxi Investments CY Ltd raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 94.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,702 shares of the company's stock after purchasing an additional 38,608 shares during the quarter. Maxi Investments CY Ltd's holdings in Super Micro Computer were worth $2,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of Super Micro Computer during the first quarter valued at $5,408,000. Gibraltar Capital Management Inc. acquired a new stake in shares of Super Micro Computer in the first quarter valued at approximately $205,000. Sequoia Financial Advisors LLC raised its holdings in shares of Super Micro Computer by 43.2% during the first quarter. Sequoia Financial Advisors LLC now owns 19,243 shares of the company's stock valued at $659,000 after buying an additional 5,804 shares during the last quarter. Capital Advisors Inc. OK boosted its position in shares of Super Micro Computer by 39.8% during the first quarter. Capital Advisors Inc. OK now owns 47,251 shares of the company's stock worth $1,618,000 after buying an additional 13,451 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Super Micro Computer by 796.5% in the 4th quarter. Nuveen Asset Management LLC now owns 1,446,722 shares of the company's stock worth $44,096,000 after buying an additional 1,285,355 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Trading Down 18.3%

NASDAQ SMCI traded down $10.47 on Wednesday, hitting $46.79. 114,843,986 shares of the stock were exchanged, compared to its average volume of 39,743,072. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $66.44. The company's 50-day moving average price is $48.30 and its two-hundred day moving average price is $41.28. The company has a market capitalization of $27.93 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 2.79 and a beta of 1.46.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). Super Micro Computer had a return on equity of 17.24% and a net margin of 4.77%. The company had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same quarter in the prior year, the business posted $6.25 earnings per share. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. Research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SMCI shares. Raymond James Financial started coverage on shares of Super Micro Computer in a research note on Wednesday, June 25th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. cut their target price on Super Micro Computer from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday. Citigroup reiterated a "neutral" rating and set a $52.00 price target (up from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. The Goldman Sachs Group upped their price objective on Super Micro Computer from $24.00 to $27.00 and gave the company a "sell" rating in a report on Wednesday. Finally, Wedbush reaffirmed a "neutral" rating and set a $30.00 target price on shares of Super Micro Computer in a report on Monday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer has an average rating of "Hold" and an average target price of $43.96.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the transaction, the director owned 40,426,120 shares of the company's stock, valued at approximately $2,425,567,200. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 88,599 shares of the company's stock, valued at $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,067,000 shares of company stock valued at $53,949,340. Company 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.