National Pension Service Boosts Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• The National Pension Service increased its holdings in Super Micro Computer, Inc. by 8.3% in the first quarter, owning over 1 million shares now valued at approximately $35.2 million.
• Several other institutional investors also significantly increased their stakes in the company during the fourth quarter, with notable increases in holdings by Cerity Partners LLC and Bessemer Group Inc.
• Super Micro Computer recently reported an earnings per share (EPS) of $0.41 for the quarter, missing analyst expectations by $0.03, with revenues of $5.76 billion, below the forecast of $5.88 billion.

National Pension Service increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,028,024 shares of the company's stock after purchasing an additional 78,804 shares during the period. National Pension Service owned approximately 0.17% of Super Micro Computer worth $35,200,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new position in Super Micro Computer in the fourth quarter valued at about $1,624,000. Cerity Partners LLC increased its holdings in Super Micro Computer by 495.0% in the fourth quarter. Cerity Partners LLC now owns 16,106 shares of the company's stock valued at $491,000 after buying an additional 13,399 shares in the last quarter. Bessemer Group Inc. increased its holdings in Super Micro Computer by 1,014.7% in the fourth quarter. Bessemer Group Inc. now owns 2,118 shares of the company's stock valued at $65,000 after buying an additional 1,928 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Super Micro Computer by 787.8% in the fourth quarter. Sterling Capital Management LLC now owns 8,008 shares of the company's stock valued at $244,000 after buying an additional 7,106 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in Super Micro Computer by 535.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 151,842 shares of the company's stock valued at $4,628,000 after buying an additional 127,949 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SMCI shares. Bank of America started coverage on shares of Super Micro Computer in a report on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 target price for the company. KGI Securities started coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating for the company. Zacks Research raised shares of Super Micro Computer to a "hold" rating in a report on Monday, August 11th. Mizuho increased their target price on shares of Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Finally, Rosenblatt Securities dropped their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $44.75.

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 Super Micro Computer stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, the director owned 66,903,640 shares in the company, valued at $3,010,663,800. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the transaction, the chief financial officer owned 88,599 shares in the company, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their position. 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 quarter. 16.30% of the stock is owned by insiders.

Super Micro Computer Stock Down 0.3%

Shares of NASDAQ SMCI opened at $45.37 on Friday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $66.44. The firm's 50 day moving average price is $48.96 and its 200 day moving average price is $42.00. The firm has a market cap of $27.08 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 1.13 and a beta of 1.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.32 and a current ratio of 5.32.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same quarter last year, the business posted $6.25 EPS. The firm's revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

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.

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