Oppenheimer & Co. Inc. Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Oppenheimer & Co. Inc. raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 7.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 415,230 shares of the company's stock after buying an additional 29,678 shares during the period. Oppenheimer & Co. Inc. owned about 0.07% of Super Micro Computer worth $14,217,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC increased its position in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new stake in Super Micro Computer in the fourth quarter worth about $292,869,000. Invesco Ltd. raised its stake in shares of Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after buying an additional 4,605,260 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Insider Activity at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction dated 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 completion of the transaction, the director now directly owns 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. The trade was a 43.06% 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. Company insiders own 17.60% of the company's stock.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI opened at $45.32 on Monday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $96.33. The stock has a market capitalization of $27.05 billion, a P/E ratio of 23.84 and a beta of 1.40. The firm has a fifty day simple moving average of $38.58 and a two-hundred day simple moving average of $37.39. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. On average, analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Mizuho set a $40.00 target price on shares of Super Micro Computer and gave the stock a "neutral" rating in a report on Monday, May 19th. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Barclays reaffirmed an "equal weight" rating and issued a $34.00 price objective on shares of Super Micro Computer in a research note on Tuesday, May 6th. Finally, Raymond James Financial assumed coverage on 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. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $45.63.

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.

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