Mackenzie Financial Corp Boosts Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mackenzie Financial Corp raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 445.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,660 shares of the company's stock after acquiring an additional 25,859 shares during the quarter. Mackenzie Financial Corp's holdings in Super Micro Computer were worth $965,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of SMCI. Wahed Invest LLC lifted its holdings in shares of Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after purchasing an additional 352 shares during the last quarter. Shelton Capital Management lifted its stake in Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after buying an additional 480 shares in the last quarter. AlphaQuest LLC lifted its stake in Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after buying an additional 762 shares in the last quarter. Blue Trust Inc. lifted its stake in Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock valued at $38,000 after buying an additional 825 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its stake in Super Micro Computer by 103.6% during the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock valued at $52,000 after buying an additional 865 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SMCI shares. Wedbush restated a "neutral" rating and issued a $30.00 target price (down previously from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Barclays reissued an "equal weight" rating and issued a $34.00 price objective on shares of Super Micro Computer in a research note on Tuesday, May 6th. Mizuho set a $40.00 price target on shares of Super Micro Computer and gave the stock a "neutral" rating in a research report on Monday, May 19th. Rosenblatt Securities reduced 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 research report on Wednesday, May 7th. Finally, Raymond James started coverage on shares of Super Micro Computer in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 target price for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and a consensus price target of $45.63.

Super Micro Computer Price Performance

Shares of SMCI stock traded up $1.72 on Tuesday, hitting $42.92. 35,080,919 shares of the company's stock were exchanged, compared to its average volume of 71,484,229. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40. The stock has a market cap of $25.62 billion, a P/E ratio of 21.57 and a beta of 1.36. The company has a 50 day moving average of $35.92 and a 200 day moving average of $36.51.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The business 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%. The firm's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned $0.66 EPS. On average, equities research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Activity at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of the 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 completion of the sale, the chief financial officer now owns 88,599 shares in the company, valued at $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.60% of the stock is owned by corporate insiders.

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.