Nissay Asset Management Corp Japan ADV Increases Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Nissay Asset Management Corp Japan ADV lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 462.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,072 shares of the company's stock after acquiring an additional 54,321 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Super Micro Computer were worth $2,113,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SMCI. Trust Co. of Vermont lifted its holdings in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 900 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC lifted its holdings in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares during the period. Toth Financial Advisory Corp acquired a new position in Super Micro Computer during the 4th quarter worth about $31,000. Finally, AlphaQuest LLC lifted its holdings in Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after buying an additional 762 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Stock Down 4.5%

Shares of SMCI traded down $2.02 during mid-day trading on Tuesday, reaching $42.77. The company had a trading volume of 42,998,279 shares, compared to its average volume of 72,478,768. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a 50-day moving average price of $35.73 and a 200 day moving average price of $35.23. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40. The company has a market capitalization of $25.53 billion, a price-to-earnings ratio of 21.47 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. On average, sell-side analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on SMCI. Barclays reaffirmed an "equal weight" rating and set a $34.00 target price on shares of Super Micro Computer in a report on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and issued a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. KGI Securities began coverage on Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating on the stock. Raymond James began coverage on Super Micro Computer in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 price objective on the stock. Finally, Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $45.63.

Insider Transactions at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. The trade was a 0.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 in the last three months. Corporate insiders own 17.60% of the company's stock.

About Super Micro Computer

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.