TB Alternative Assets Ltd. Takes $8.73 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

TB Alternative Assets Ltd. purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 254,862 shares of the company's stock, valued at approximately $8,726,000. Super Micro Computer comprises about 2.0% of TB Alternative Assets Ltd.'s holdings, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in 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 during the period. Geode Capital Management LLC grew its holdings in 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 during the period. FMR LLC acquired a new position in Super Micro Computer during the fourth quarter valued at approximately $292,869,000. Invesco Ltd. grew its holdings in 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 during the period. Finally, Northern Trust Corp grew its holdings in 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 during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Up 1.9%

Shares of SMCI stock traded up $0.78 during trading on Friday, reaching $41.55. The company's stock had a trading volume of 25,359,202 shares, compared to its average volume of 71,467,860. The business has a fifty day moving average price of $36.55 and a 200-day moving average price of $36.91. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a market cap of $24.80 billion, a price-to-earnings ratio of 20.86 and a beta of 1.40. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Transactions 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 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 sale, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SMCI shares. Needham & Company LLC restated a "buy" rating and set a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $40.00 to $32.00 in a report on Monday, March 24th. Wedbush restated a "neutral" rating and set a $30.00 price objective (down previously from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Raymond James assumed coverage on shares of Super Micro Computer in a report on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $45.63.

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.