Parcion Private Wealth LLC Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Parcion Private Wealth LLC lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 85.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,968 shares of the company's stock after purchasing an additional 8,283 shares during the quarter. Parcion Private Wealth LLC's holdings in Super Micro Computer were worth $615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SMCI. Vanguard Group Inc. boosted 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 worth $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 914.7% in 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 during the period. FMR LLC purchased a new position in Super Micro Computer in the fourth quarter valued at $292,869,000. Invesco Ltd. boosted its holdings in Super Micro Computer by 929.5% in 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 during the period. Finally, Northern Trust Corp boosted its stake 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 valued at $149,287,000 after buying an additional 4,605,260 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Bank of America assumed coverage on Super Micro Computer in a report on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price target for the company. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Rosenblatt Securities decreased their price target on 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 reaffirmed a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on Super Micro Computer from $35.00 to $46.00 and gave the company a "neutral" rating in a report on Thursday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and a consensus price target of $42.89.

Super Micro Computer Stock Down 1.9%

Shares of NASDAQ:SMCI traded down $0.98 during trading on Friday, reaching $51.77. 31,789,538 shares of the company traded hands, compared to its average volume of 68,122,983. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $82.19. The firm has a fifty day simple moving average of $44.89 and a 200 day simple moving average of $39.25. The firm has a market cap of $30.90 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate 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 revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. Analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 88,599 shares in the company, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction on Wednesday, June 18th. The stock was 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 approximately $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 667,000 shares of company stock valued at $29,949,340. Corporate insiders own 17.60% of the company's stock.

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.