Quantinno Capital Management LP Acquires 19,899 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Quantinno Capital Management LP increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 3,294.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,503 shares of the company's stock after purchasing an additional 19,899 shares during the quarter. Quantinno Capital Management LP's holdings in Super Micro Computer were worth $625,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position 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 purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC increased 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 in the last quarter. Toth Financial Advisory Corp bought a new stake in Super Micro Computer during the 4th quarter worth approximately $31,000. AlphaQuest LLC increased its position in Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after acquiring an additional 762 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in Super Micro Computer in the 4th quarter valued at approximately $34,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 204,473 shares of company stock valued at $9,720,892 over the last ninety days. 17.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SMCI has been the subject of several recent research reports. Citigroup initiated coverage on shares of Super Micro Computer in a research report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price target for the company. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. KGI Securities initiated coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They issued a "neutral" rating for the company. Finally, Barclays restated an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $45.63.

Super Micro Computer Stock Up 5.6%

NASDAQ SMCI traded up $2.25 on Tuesday, hitting $42.34. 29,790,583 shares of the company were exchanged, compared to its average volume of 71,976,020. The company has a market cap of $25.27 billion, a PE ratio of 21.35 and a beta of 1.36. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40. The stock has a fifty day moving average of $35.82 and a 200-day moving average of $35.79. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

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

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.