Stiles Financial Services Inc grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 71.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,470 shares of the company's stock after buying an additional 8,120 shares during the quarter. Stiles Financial Services Inc's holdings in Super Micro Computer were worth $667,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC raised its holdings in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. FMR LLC acquired a new position in Super Micro Computer during the fourth quarter worth $292,869,000. Invesco Ltd. raised its holdings in 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 purchasing an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Super Micro Computer by 1,573.8% during the fourth 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 during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer now owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the sale, the director now directly owns 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock valued at $29,949,340 over the last quarter. Company insiders own 17.60% of the company's stock.
Super Micro Computer Price Performance
Shares of NASDAQ:SMCI opened at $45.32 on Monday. The company has a market cap of $27.05 billion, a P/E ratio of 23.84 and a beta of 1.40. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $96.33. The business has a fifty day simple moving average of $38.58 and a 200-day simple moving average of $37.39.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 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 the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. Equities research analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts recently issued reports on SMCI shares. KGI Securities started coverage on Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating for the company. Mizuho set a $40.00 price objective on Super Micro Computer and gave the stock a "neutral" rating in a report on Monday, May 19th. Wall Street Zen raised Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Northland Securities set a $59.00 price objective on Super Micro Computer in a report on Wednesday, May 7th. Finally, Rosenblatt Securities reduced their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Three 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $45.63.
View Our Latest Research Report on SMCI
Super Micro Computer Company Profile
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding SMCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Super Micro Computer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Micro Computer wasn't on the list.
While Super Micro Computer currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
