Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 62.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,858 shares of the company's stock after purchasing an additional 40,259 shares during the period. ProShare Advisors LLC's holdings in Super Micro Computer were worth $3,196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SMCI. Vanguard Group Inc. boosted its stake in shares of Super Micro Computer by 908.4% in the fourth 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 during the last quarter. Geode Capital Management LLC lifted 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 valued at $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC acquired a new stake in Super Micro Computer during the 4th quarter worth $292,869,000. Invesco Ltd. grew its holdings in shares of Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp lifted its stake 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 purchasing an additional 4,605,260 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Buying and Selling at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of recent research reports. Northland Securities set a $59.00 target price on Super Micro Computer in a research note on Wednesday, May 7th. KGI Securities started coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating for the company. Citigroup initiated coverage on Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price objective on the stock. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased 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 research report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $45.63.

Super Micro Computer Stock Down 2.6%

SMCI stock traded down $1.12 during midday trading on Wednesday, reaching $41.65. 54,643,355 shares of the company were exchanged, compared to its average volume of 72,537,384. The stock's 50-day simple moving average is $35.79 and its 200 day simple moving average is $35.33. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $101.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a market cap of $24.86 billion, a price-to-earnings ratio of 20.91 and a beta of 1.36.

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

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.