Resona Asset Management Co. Ltd. grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,713 shares of the company's stock after acquiring an additional 7,744 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Super Micro Computer were worth $5,572,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of SMCI. Vanguard Group Inc. grew its holdings in shares of Super Micro Computer by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company's stock worth $2,205,322,000 after purchasing an additional 2,415,276 shares during the period. Northern Trust Corp grew its holdings in shares of Super Micro Computer by 1,573.8% during the 4th 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 period. Charles Schwab Investment Management Inc. grew its holdings in shares of Super Micro Computer by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,771,630 shares of the company's stock worth $129,141,000 after purchasing an additional 120,496 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Super Micro Computer by 6,368.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,815,996 shares of the company's stock worth $85,832,000 after purchasing an additional 2,772,464 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Super Micro Computer during the 1st quarter worth about $53,031,000. Institutional investors and hedge funds own 84.06% of the company's stock.
Super Micro Computer Stock Performance
Super Micro Computer stock opened at $45.37 on Friday. The stock has a market cap of $27.08 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 1.13 and a beta of 1.46. The company has a current ratio of 5.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average of $48.96 and a 200-day moving average of $42.00. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $66.44.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The business had revenue of $5.76 billion for the quarter, compared to analysts' expectations of $5.88 billion. Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The business's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $6.25 earnings per share. On average, analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.
Analysts Set New Price Targets
SMCI has been the subject of a number of research reports. Citigroup reiterated a "neutral" rating and set a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a report on Friday, July 11th. Bank of America assumed coverage on Super Micro Computer in a report on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price target for the company. Raymond James Financial assumed coverage on Super Micro Computer in a report on Wednesday, June 25th. They issued an "outperform" rating for the company. KGI Securities assumed coverage on Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating for the company. Finally, Wedbush restated a "neutral" rating and issued a $30.00 price target on shares of Super Micro Computer in a report on Monday, August 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $44.75.
Check Out Our Latest Report on SMCI
Insider Activity at Super Micro Computer
In related news, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the company's stock in a transaction that occurred on 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 sale, the director directly owned 40,426,120 shares of the company's stock, valued at approximately $2,425,567,200. This represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles Liang sold 200,000 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $60.00, for a total value of $12,000,000.00. Following the sale, the chief executive officer directly owned 40,426,120 shares in the company, valued at approximately $2,425,567,200. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,067,000 shares of company stock valued at $53,949,340. Corporate insiders own 16.30% of the company's stock.
About Super Micro Computer
(
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.
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