Nuveen Asset Management LLC Increases Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Nuveen Asset Management LLC raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 796.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,446,722 shares of the company's stock after purchasing an additional 1,285,355 shares during the period. Nuveen Asset Management LLC owned 0.25% of Super Micro Computer worth $44,096,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Trust Co. of Vermont boosted its holdings in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after acquiring an additional 900 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC grew its position 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 purchasing an additional 893 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in Super Micro Computer during the 4th quarter worth approximately $31,000. Finally, AlphaQuest LLC increased its stake in Super Micro Computer by 233.0% during the 4th 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. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Transactions at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on 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 sale, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This trade represents a 78.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This represents a 0.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SMCI shares. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Raymond James initiated coverage on shares of Super Micro Computer in a research note on Tuesday, May 13th. They set an "outperform" rating and a $41.00 target price on the stock. Finally, The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price target for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $45.63.

Super Micro Computer Trading Down 2.6%

NASDAQ:SMCI traded down $1.12 on Wednesday, reaching $41.65. The company's stock had a trading volume of 54,643,355 shares, compared to its average volume of 72,483,531. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40. The stock has a 50 day moving average price of $35.80 and a 200 day moving average price of $35.28. The firm has a market cap of $24.86 billion, a price-to-earnings ratio of 20.91 and a beta of 1.36. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

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