M&T Bank Corp Raises Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

M&T Bank Corp lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 44.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,015 shares of the company's stock after buying an additional 9,479 shares during the quarter. M&T Bank Corp's holdings in Super Micro Computer were worth $1,062,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC raised its stake in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after purchasing an additional 762 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in Super Micro Computer in the fourth quarter valued at approximately $33,000. Quarry LP purchased a new stake in Super Micro Computer in the fourth quarter valued at approximately $34,000. Central Pacific Bank Trust Division purchased a new stake in Super Micro Computer in the first quarter valued at approximately $34,000. Finally, IMG Wealth Management Inc. raised its stake in shares of Super Micro Computer by 90.7% during the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock worth $36,000 after acquiring an additional 500 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Charles Liang sold 300,000 shares of the business's stock in a transaction on 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 sale, the chief executive officer owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's stock in a transaction on 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 sale, the director owned 66,903,640 shares in the company, 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. In the last 90 days, insiders have sold 667,000 shares of company stock worth $29,949,340. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 2.2%

Shares of NASDAQ:SMCI traded down $1.17 on Friday, hitting $51.58. The company had a trading volume of 21,030,443 shares, compared to its average volume of 68,051,660. The firm's 50-day simple moving average is $44.49 and its two-hundred day simple moving average is $39.10. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $83.50. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $30.78 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 2.44 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted 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 net margin of 5.61% and a return on equity of 20.41%. 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 company posted $0.66 EPS. The company's quarterly revenue was up 19.5% compared to the same quarter last year. Equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho lifted their price target on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Bank of America assumed coverage on shares of Super Micro Computer in a research note on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price target on the stock. KGI Securities assumed coverage on shares of Super Micro Computer in a research note on Wednesday, May 7th. They set a "neutral" rating on the stock. Barclays reissued an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research note on Tuesday, May 6th. Finally, Citigroup reissued a "neutral" rating and set a $52.00 price target (up from $37.00) on shares of Super Micro Computer in a research note on Friday, July 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $42.89.

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.