UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 2,772,464 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 6,368.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,815,996 shares of the company's stock after purchasing an additional 2,772,464 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.48% of Super Micro Computer worth $85,832,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. USS Investment Management Ltd grew its stake in Super Micro Computer by 1.5% in the 4th quarter. USS Investment Management Ltd now owns 115,777 shares of the company's stock worth $3,531,000 after buying an additional 1,727 shares in the last quarter. Union Square Park Capital Management LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth $4,572,000. Voloridge Investment Management LLC grew its position in Super Micro Computer by 1,224.2% in the fourth quarter. Voloridge Investment Management LLC now owns 1,145,913 shares of the company's stock worth $34,927,000 after acquiring an additional 1,059,380 shares in the last quarter. Woodline Partners LP bought a new position in Super Micro Computer in the fourth quarter valued at $922,000. Finally, Vident Advisory LLC raised its position in Super Micro Computer by 3,363.2% during the fourth quarter. Vident Advisory LLC now owns 145,143 shares of the company's stock valued at $4,424,000 after purchasing an additional 140,952 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

Insider Activity

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. The trade was a 78.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,473 shares of company stock worth $9,720,892. Insiders own 17.60% of the company's stock.

Super Micro Computer Trading Up 4.2%

NASDAQ SMCI traded up $1.67 during trading on Tuesday, hitting $41.76. The company had a trading volume of 32,711,319 shares, compared to its average volume of 71,989,570. The company's fifty day moving average is $35.82 and its 200-day moving average is $35.79. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $24.93 billion, a price-to-earnings ratio of 21.03 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter last year, the business posted $0.66 EPS. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, sell-side analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Analysts Set New Price Targets

SMCI has been the subject of a number of research reports. Cfra upgraded 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. Mizuho set a $40.00 target price on Super Micro Computer and gave the stock a "neutral" rating in a research note 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 on the stock in a research report on Wednesday, May 7th. Needham & Company LLC restated a "buy" rating and issued a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer has a consensus rating of "Hold" and a consensus target price of $45.63.

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.