Meridian Wealth Management LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,776 shares of the company's stock, valued at approximately $266,000.
Several other large investors have also made changes to their positions in SMCI. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company's stock valued at $2,205,322,000 after acquiring an additional 2,415,276 shares in the last quarter. Northern Trust Corp boosted its position in shares of Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after buying an additional 4,605,260 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Super Micro Computer by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,771,630 shares of the company's stock valued at $129,141,000 after buying an additional 120,496 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Super Micro Computer by 416,945.0% during the 4th quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock valued at $114,404,000 after buying an additional 3,752,505 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Super Micro Computer by 6,368.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,815,996 shares of the company's stock worth $85,832,000 after acquiring an additional 2,772,464 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Super Micro Computer
In other news, CEO Charles Liang sold 200,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 40,426,120 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the 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 transaction, the chief financial officer directly owned 88,599 shares of the company's stock, valued at $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,067,000 shares of company stock worth $53,949,340 in the last ninety days. 16.30% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on SMCI. Bank of America assumed coverage on shares of Super Micro Computer in a research report on Wednesday, July 9th. They set an "underperform" rating and a $35.00 target price on the stock. Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Wedbush reissued a "neutral" rating and issued a $30.00 price objective on shares of Super Micro Computer in a research report on Monday, August 4th. Rosenblatt Securities dropped their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Barclays increased their price target on Super Micro Computer from $29.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $44.75.
Read Our Latest Report on SMCI
Super Micro Computer Stock Performance
Shares of Super Micro Computer stock traded down $0.58 on Thursday, reaching $45.49. 22,840,665 shares of the company were exchanged, compared to its average volume of 43,762,760. The firm has a market cap of $27.15 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.15 and a beta of 1.46. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $66.44. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.32 and a current ratio of 5.32. The company's 50-day moving average is $48.88 and its two-hundred day moving average is $41.89.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). Super Micro Computer had a return on equity of 17.14% and a net margin of 4.77%. The company had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.88 billion. During the same period in the prior year, the business earned $6.25 earnings per share. Super Micro Computer's quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.
About Super Micro Computer
(
Free Report)
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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