Harbour Investments Inc. Acquires 20,956 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• Harbour Investments Inc. significantly increased its stake in Super Micro Computer, acquiring a total of 23,646 shares, representing a 779% increase during the first quarter.
• Analysts have issued mixed ratings on Super Micro Computer, with a consensus target price of $42.89 and ratings ranging from "strong buy" to "underperform."
• CEO Charles Liang sold 300,000 shares of Super Micro Computer's stock, valued at approximately $13.5 million, indicating a decrease in his ownership stake.

Harbour Investments Inc. lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 779.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,646 shares of the company's stock after acquiring an additional 20,956 shares during the quarter. Harbour Investments Inc.'s holdings in Super Micro Computer were worth $810,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SMCI. American Century Companies Inc. grew its position in Super Micro Computer by 111.0% during the fourth quarter. American Century Companies Inc. now owns 161,007 shares of the company's stock valued at $4,907,000 after buying an additional 84,691 shares during the period. Sei Investments Co. grew its position in Super Micro Computer by 617.0% during the fourth quarter. Sei Investments Co. now owns 34,422 shares of the company's stock valued at $1,049,000 after buying an additional 29,621 shares during the period. Norges Bank bought a new position in Super Micro Computer during the fourth quarter valued at about $10,514,000. O Shaughnessy Asset Management LLC bought a new position in Super Micro Computer during the fourth quarter valued at about $657,000. Finally, Wellington Management Group LLP grew its position in Super Micro Computer by 461.9% during the fourth quarter. Wellington Management Group LLP now owns 37,133 shares of the company's stock valued at $1,132,000 after buying an additional 30,525 shares during the period. Institutional investors own 84.06% of the company's stock.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the transaction, the director directly owned 40,426,120 shares in the company, valued at $2,425,567,200. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $2,949,340.00. Following the transaction, the chief financial officer owned 88,599 shares in the company, 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 have sold 1,067,000 shares of company stock valued at $53,949,340 over the last three months. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Price Performance

SMCI traded down $1.13 on Tuesday, reaching $57.10. The company had a trading volume of 10,626,955 shares, compared to its average volume of 56,665,730. The business has a 50 day simple moving average of $47.99 and a 200 day simple moving average of $41.17. The company has a market cap of $34.08 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 2.76 and a beta of 1.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $66.44.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on SMCI. KGI Securities assumed coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They set a "neutral" rating for the company. Barclays reiterated an "equal weight" rating and set a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. Bank of America assumed coverage on shares of Super Micro Computer in a research report on Wednesday, July 9th. They set an "underperform" rating and a $35.00 target price for the company. Mizuho increased their target price on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Super Micro Computer from $35.00 to $46.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and an average price target of $42.89.

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.