Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 343.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,182 shares of the company's stock after purchasing an additional 151,911 shares during the quarter. Rafferty Asset Management LLC's holdings in Super Micro Computer were worth $5,980,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SMCI. Brookstone Capital Management boosted its position in Super Micro Computer by 930.2% during the 4th quarter. Brookstone Capital Management now owns 6,995 shares of the company's stock valued at $213,000 after acquiring an additional 6,316 shares in the last quarter. Oak Thistle LLC bought a new stake in Super Micro Computer during the 4th quarter valued at $277,000. Assenagon Asset Management S.A. bought a new stake in Super Micro Computer during the 4th quarter valued at $2,542,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Super Micro Computer by 1,266.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,197 shares of the company's stock valued at $97,000 after purchasing an additional 2,963 shares during the last quarter. Finally, Burney Co. lifted its holdings in shares of Super Micro Computer by 547.2% during the 4th quarter. Burney Co. now owns 6,757 shares of the company's stock valued at $206,000 after purchasing an additional 5,713 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com upgraded Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Northland Securities set a $59.00 price objective on Super Micro Computer in a report on Wednesday, May 7th. Raymond James assumed coverage on Super Micro Computer in a report on Tuesday, May 13th. They set an "outperform" rating and a $41.00 price objective for the company. Wedbush reiterated a "neutral" rating and set a $30.00 price objective (down previously from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Three equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $45.63.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded down $2.02 during trading on Tuesday, reaching $42.77. 42,998,279 shares of the company's stock traded hands, compared to its average volume of 72,554,308. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. 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 cap of $25.53 billion, a PE ratio of 21.47 and a beta of 1.36. The company has a 50-day simple moving average of $35.73 and a 200-day simple moving average of $35.23.

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

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In 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.

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.