214,851 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by TCW Group Inc.

Key Points

• TCW Group Inc. has invested approximately $7.36 million in Super Micro Computer, acquiring 214,851 shares, according to a recent SEC filing.
• In a notable increase in institutional interest, Geode Capital Management boosted its holdings by 914.7% in the last quarter.
• Super Micro Computer reported a net margin of 5.61% and a year-over-year revenue increase of 19.5%, highlighting its ongoing financial growth.

TCW Group Inc. purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 214,851 shares of the company's stock, valued at approximately $7,356,000.

Other large investors have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in Super Micro Computer in the 1st quarter worth approximately $34,000. IMG Wealth Management Inc. increased its position in shares of Super Micro Computer by 90.7% during the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after purchasing an additional 500 shares during the period. Bernard Wealth Management Corp. bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $33,000. Quarry LP bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $34,000. Finally, Versant Capital Management Inc increased its position in shares of Super Micro Computer by 664.9% during the first quarter. Versant Capital Management Inc now owns 1,178 shares of the company's stock valued at $40,000 after purchasing an additional 1,024 shares during the period. Institutional investors own 84.06% of the company's stock.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 300,000 shares of the company's stock in a transaction dated 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 chief executive officer owned 66,903,640 shares in the company, valued at $3,010,663,800. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the sale, the director owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 667,000 shares of company stock worth $29,949,340 in the last 90 days. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer Trading Up 3.6%

SMCI traded up $2.08 during midday trading on Wednesday, hitting $60.71. 47,074,109 shares of the company were exchanged, compared to its average volume of 57,298,230. The firm has a market capitalization of $36.23 billion, a P/E ratio of 31.94, a P/E/G ratio of 2.92 and a beta of 1.43. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $72.44. The firm's 50 day moving average price is $46.56 and its 200-day moving average price is $40.33. 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 (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. As a group, equities analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

SMCI has been the topic of a number of analyst reports. Mizuho upped their price target on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Barclays reissued an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and set a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Raymond James Financial started coverage on Super Micro Computer in a research note on Wednesday, June 25th. They issued an "outperform" rating for the company. Finally, Citigroup reissued a "neutral" rating and set a $52.00 price target (up from $37.00) on shares of Super Micro Computer in a report on Friday, July 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and a consensus price target of $42.89.

Super Micro Computer 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.