Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Super Micro Computer by 62.3%, now owning 16,612 shares valued at approximately $569,000.
• CEO Charles Liang and Director Liang Chiu-Chu Sara Liu each sold 300,000 shares for $13.5 million, which represents a 0.45% decrease in their ownership after the sale.
• Analysts have mixed ratings on Super Micro Computer, with a consensus rating of "Hold" and a target price of $44.75, reflecting a range of opinions from "sell" to "strong buy."

Natixis Advisors LLC raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 62.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,612 shares of the company's stock after acquiring an additional 6,379 shares during the quarter. Natixis Advisors LLC's holdings in Super Micro Computer were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SMCI. Baader Bank Aktiengesellschaft bought a new position in shares of Super Micro Computer in the first quarter worth about $404,000. Arkadios Wealth Advisors bought a new position in shares of Super Micro Computer in the first quarter worth about $318,000. Eastern Bank bought a new position in shares of Super Micro Computer in the first quarter worth about $29,000. Banque Cantonale Vaudoise bought a new position in shares of Super Micro Computer in the first quarter worth about $43,000. Finally, Foundations Investment Advisors LLC raised its stake in shares of Super Micro Computer by 19.6% in the first quarter. Foundations Investment Advisors LLC now owns 38,583 shares of the company's stock worth $1,321,000 after buying an additional 6,314 shares during the period. Institutional investors own 84.06% of the company's stock.

Insider Buying and Selling

In related news, CEO Charles Liang sold 300,000 shares of the business'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 completion of the transaction, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, the director directly owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,067,000 shares of company stock worth $53,949,340. Company insiders own 16.30% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on SMCI. KGI Securities began coverage on Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating on the stock. Needham & Company LLC increased their target price on Super Micro Computer from $39.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Citigroup reiterated a "neutral" rating and set a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. The Goldman Sachs Group increased their target price on Super Micro Computer from $24.00 to $27.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Finally, Rosenblatt Securities cut their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Three 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $44.75.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded up $1.23 during midday trading on Tuesday, hitting $46.43. The company had a trading volume of 30,277,353 shares, compared to its average volume of 45,544,592. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $66.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.32 and a quick ratio of 3.32. The stock has a market cap of $27.71 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 1.20 and a beta of 1.46. The business's 50-day simple moving average is $48.75 and its 200-day simple moving average is $41.74.

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 net margin of 4.77% and a return on equity of 17.14%. 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 posted $6.25 EPS. Super Micro Computer's revenue for the quarter was up 8.5% compared to the same quarter last year. On average, research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

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.