Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 69.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,377 shares of the company's stock after purchasing an additional 32,666 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Super Micro Computer were worth $2,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SMCI. Vanguard Group Inc. increased its position in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC bought a new stake in shares of Super Micro Computer in the 4th quarter worth about $292,869,000. Invesco Ltd. increased its stake in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after acquiring an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Super Micro Computer by 1,573.8% during the 4th 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. Hedge funds and other institutional investors own 84.06% of the company's stock.

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 that occurred on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the director owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 300,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the chief executive officer owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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 Stock Performance

Shares of SMCI traded down $0.24 during mid-day trading on Friday, reaching $48.51. The company had a trading volume of 18,665,575 shares, compared to its average volume of 69,330,447. The stock has a market capitalization of $28.95 billion, a P/E ratio of 25.52 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 has a 50 day moving average of $41.42 and a two-hundred day moving average of $38.03. 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 released its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate 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 return on equity of 20.41% and a net margin of 5.61%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SMCI. Wedbush reaffirmed a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Mizuho boosted their price target on shares of Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday. KGI Securities began coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating on the stock. Rosenblatt Securities lowered their price target on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Northland Securities set a $59.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $46.06.

Super Micro Computer Company 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.