CVA Family Office LLC Increases Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

CVA Family Office LLC grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 9,060.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,964 shares of the company's stock after purchasing an additional 30,626 shares during the period. CVA Family Office LLC's holdings in Super Micro Computer were worth $1,060,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SMCI. Vanguard Group Inc. lifted its stake 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 worth $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC lifted its stake 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 worth $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new position in Super Micro Computer during the 4th quarter valued at approximately $292,869,000. Invesco Ltd. increased its position in Super Micro Computer by 929.5% in 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 increased its holdings in shares of 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 buying an additional 4,605,260 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Down 4.2%

SMCI stock traded down $1.80 during midday trading on Friday, hitting $41.56. The company's stock had a trading volume of 36,424,358 shares, compared to its average volume of 70,812,275. The firm has a market capitalization of $24.80 billion, a P/E ratio of 20.86 and a beta of 1.40. The firm has a 50-day simple moving average of $37.59 and a 200-day simple moving average of $37.20. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The firm's revenue was up 19.5% on a year-over-year basis. As a group, equities analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SMCI. Barclays restated an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a report on Tuesday, May 6th. KGI Securities started coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating on the stock. Wedbush reissued a "neutral" rating and issued a $30.00 price target (down from $40.00) on shares of Super Micro Computer in a research report on Wednesday, May 7th. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $45.63.

Insider Activity at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were 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 in the company, valued at $3,900,127.98. This represents a 43.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.60% of the company's stock.

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.