Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 96.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,777 shares of the company's stock after purchasing an additional 80,371 shares during the period. Assenagon Asset Management S.A.'s holdings in Super Micro Computer were worth $5,608,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Wahed Invest LLC grew its holdings in shares of Super Micro Computer by 2.9% in the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after purchasing an additional 352 shares during the last quarter. Shelton Capital Management grew its holdings in Super Micro Computer by 6.5% during the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after acquiring an additional 480 shares in the last quarter. AlphaQuest LLC grew its holdings in Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after acquiring an additional 762 shares in the last quarter. Griffith & Werner Inc. grew its holdings in Super Micro Computer by 3.6% during the 1st quarter. Griffith & Werner Inc. now owns 23,786 shares of the company's stock worth $814,000 after acquiring an additional 820 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Super Micro Computer by 203.2% during the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after acquiring an additional 825 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded down $1.80 during midday trading on Friday, hitting $41.56. The company had a trading volume of 36,424,358 shares, compared to its average volume of 70,831,651. The stock has a market cap of $24.80 billion, a price-to-earnings ratio of 20.86 and a beta of 1.40. 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 company has a fifty day simple moving average of $37.59 and a 200 day simple moving average of $37.22. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during 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 last year, the firm posted $0.66 EPS. As a group, analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on SMCI shares. Raymond James started coverage on shares of Super Micro Computer in a report on Tuesday, May 13th. They set an "outperform" rating and a $41.00 target price on the stock. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. KGI Securities started coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating 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. Finally, Wedbush reiterated a "neutral" rating and set a $30.00 target price (down from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Three equities research 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 stock. According to MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $45.63.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the sale, the chief financial officer now owns 88,599 shares of the company's stock, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer 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.