Park Square Financial Group LLC Buys Shares of 15,574 Super Micro Computer, Inc. (NASDAQ:SMCI)

Park Square Financial Group LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,574 shares of the company's stock, valued at approximately $475,000.

A number of other large investors have also recently made changes to their positions in SMCI. Vanguard Group Inc. grew its holdings in shares of Super Micro Computer by 908.4% in the fourth 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC acquired a new stake in Super Micro Computer in the 4th quarter worth approximately $292,869,000. Invesco Ltd. boosted its stake in Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after purchasing an additional 4,605,260 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Trading Up 0.9%

NASDAQ:SMCI traded up $0.39 on Wednesday, reaching $41.96. 38,625,516 shares of the company's stock were exchanged, compared to its average volume of 71,922,460. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $25.04 billion, a price-to-earnings ratio of 21.06 and a beta of 1.36. The business has a fifty day moving average of $35.87 and a 200-day moving average of $35.83. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results 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 net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value 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 $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SMCI shares. Needham & Company LLC reissued a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a report on Wednesday, May 7th. Wedbush reissued a "neutral" rating and issued a $30.00 price target (down previously from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and an average target price 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.