Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Moors & Cabot Inc.

Key Points

• Moors & Cabot Inc. increased its stake in Super Micro Computer by 69.9%, acquiring a total of 66,733 shares valued at approximately $2.3 million.
• Super Micro Computer reported $0.31 earnings per share (EPS), exceeding estimates, with a yearly revenue increase of 19.5%, though it fell short of analysts' expectations by $800 million.
• The stock has seen significant trading activity, with insiders selling 1,067,000 shares valued over $53 million in the past ninety days.

Moors & Cabot Inc. grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 69.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,733 shares of the company's stock after purchasing an additional 27,463 shares during the period. Moors & Cabot Inc.'s holdings in Super Micro Computer were worth $2,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Super Micro Computer by 36.2% in the first quarter. US Bancorp DE now owns 39,307 shares of the company's stock valued at $1,346,000 after purchasing an additional 10,444 shares during the period. Harbour Investments Inc. lifted its stake in Super Micro Computer by 779.0% in the 1st quarter. Harbour Investments Inc. now owns 23,646 shares of the company's stock valued at $810,000 after buying an additional 20,956 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Super Micro Computer by 62.3% in the 1st quarter. Natixis Advisors LLC now owns 16,612 shares of the company's stock worth $569,000 after buying an additional 6,379 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in Super Micro Computer during the 1st quarter worth approximately $404,000. Finally, Arkadios Wealth Advisors purchased a new stake in Super Micro Computer during the 1st quarter worth approximately $318,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Stock Down 4.0%

SMCI stock opened at $56.64 on Friday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $66.44. The firm has a market cap of $33.80 billion, a PE ratio of 29.79, a PEG ratio of 2.87 and a beta of 1.46. The firm's 50 day moving average price is $47.62 and its 200-day moving average price is $40.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. 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 firm earned $0.66 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Northland Securities set a $59.00 price target on Super Micro Computer in a research note on Wednesday, May 7th. Wedbush reaffirmed a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Rosenblatt Securities dropped their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Needham & Company LLC reiterated a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 7th. Finally, Citigroup restated a "neutral" rating and set a $52.00 price target (up from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $42.89.

Insider Buying and Selling

In related news, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the sale, the chief financial officer directly owned 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the transaction, the director directly owned 40,426,120 shares of the company's stock, valued at approximately $2,425,567,200. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,067,000 shares of company stock valued at $53,949,340. 17.60% of the stock is currently owned by insiders.

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.

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