DAVENPORT & Co LLC Raises Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

DAVENPORT & Co LLC lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 47.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,998 shares of the company's stock after purchasing an additional 10,368 shares during the period. DAVENPORT & Co LLC's holdings in Super Micro Computer were worth $1,096,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SMCI. Vanguard Group Inc. lifted its position in shares of Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 valued at $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at about $292,869,000. Invesco Ltd. lifted its position 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 valued at $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of 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 valued at $149,287,000 after purchasing an additional 4,605,260 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Price Performance

Super Micro Computer stock traded down $0.24 during mid-day trading on Friday, hitting $48.51. 18,665,575 shares of the company traded hands, compared to its average volume of 69,330,447. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $96.33. The stock has a market cap of $28.95 billion, a price-to-earnings ratio of 25.52 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The stock has a fifty day moving average price of $41.42 and a 200-day moving average price of $38.03.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. On average, equities analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SMCI shares. Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Wedbush restated a "buy" rating on shares of Super Micro Computer in a report on Wednesday, June 25th. Barclays restated an "equal weight" rating and set a $34.00 price objective on shares of Super Micro Computer in a report on Tuesday, May 6th. Citigroup started coverage on shares of Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective for the company. Finally, Raymond James Financial started coverage on shares of Super Micro Computer in a report on Wednesday, June 25th. They set an "outperform" rating for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $46.06.

Insider Activity at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of the company's 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 directly owned 88,599 shares in the company, valued at $3,900,127.98. This represents a 43.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the sale, the director owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 667,000 shares of company stock worth $29,949,340 in the last three months. 17.60% of the stock is owned by insiders.

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.