Fifth Third Bancorp Raises Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Fifth Third Bancorp lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 73.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,323 shares of the company's stock after purchasing an additional 9,057 shares during the quarter. Fifth Third Bancorp's holdings in Super Micro Computer were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMCI. Vanguard Group Inc. increased its holdings in 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 acquiring an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 worth $390,572,000 after acquiring an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new stake in Super Micro Computer in the 4th quarter worth $292,869,000. Invesco Ltd. increased its holdings 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 acquiring an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp increased its holdings 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 acquiring an additional 4,605,260 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now owns 88,599 shares of the company's stock, valued at $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 17.60% of the company's stock.

Super Micro Computer Trading Up 3.2%

Shares of NASDAQ SMCI traded up $1.36 during trading on Wednesday, hitting $44.47. 40,540,883 shares of the company were exchanged, compared to its average volume of 70,222,516. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The company has a fifty day moving average price of $37.96 and a 200-day moving average price of $37.35. The firm has a market capitalization of $26.54 billion, a PE ratio of 22.44 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Citigroup assumed coverage on shares of Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price target for the company. Rosenblatt Securities cut their price target on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given 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.

Super Micro Computer Company 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.