Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 8.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,071,310 shares of the company's stock after acquiring an additional 87,005 shares during the quarter. Rhumbline Advisers owned about 0.18% of Super Micro Computer worth $36,682,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC lifted its stake in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after acquiring an additional 893 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Super Micro Computer in the 1st quarter valued at $34,000. Bernard Wealth Management Corp. acquired a new stake in shares of Super Micro Computer in the fourth quarter worth $33,000. Finally, AlphaQuest LLC raised its holdings in shares of Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after purchasing an additional 762 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Trading Up 1.9%

Shares of NASDAQ:SMCI traded up $0.78 during midday trading on Friday, reaching $41.55. 25,359,202 shares of the company's stock were exchanged, compared to its average volume of 71,234,943. The stock has a market cap of $24.80 billion, a price-to-earnings ratio of 20.86 and a beta of 1.40. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. The firm's 50 day simple moving average is $36.42 and its two-hundred day simple moving average is $36.74. 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 (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 business had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same period last year, the business earned $0.66 earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, sell-side analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

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 dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SMCI shares. KGI Securities started coverage on Super Micro Computer in a research report on Wednesday, May 7th. They set a "neutral" rating on the stock. Raymond James initiated coverage on Super Micro Computer in a research report on Tuesday, May 13th. They set an "outperform" rating and a $41.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, Citigroup assumed coverage on shares of Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $45.63.

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.