TD Asset Management Inc increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 247,645 shares of the company's stock after purchasing an additional 5,022 shares during the quarter. TD Asset Management Inc's holdings in Super Micro Computer were worth $8,479,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in shares of Super Micro Computer by 8.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,357 shares of the company's stock worth $651,000 after purchasing an additional 1,597 shares during the last quarter. American Century Companies Inc. boosted its stake in Super Micro Computer by 111.0% in the 4th quarter. American Century Companies Inc. now owns 161,007 shares of the company's stock worth $4,907,000 after purchasing an additional 84,691 shares during the period. Sei Investments Co. boosted its stake in Super Micro Computer by 617.0% in the 4th quarter. Sei Investments Co. now owns 34,422 shares of the company's stock worth $1,049,000 after purchasing an additional 29,621 shares during the period. Norges Bank purchased a new stake in shares of Super Micro Computer in the fourth quarter worth about $10,514,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of Super Micro Computer by 912.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 211,163 shares of the company's stock worth $6,436,000 after buying an additional 190,308 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.
Insider Transactions at Super Micro Computer
In other news, CEO Charles Liang sold 200,000 shares of the firm's 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 sale, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,067,000 shares of company stock valued at $53,949,340. 17.60% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Needham & Company LLC restated a "buy" rating and set a $39.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. Bank of America started coverage on Super Micro Computer in a research note on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price objective on the stock. KGI Securities started coverage on Super Micro Computer in a research report on Wednesday, May 7th. They issued a "neutral" rating for the company. Northland Securities set a $59.00 target price on Super Micro Computer in a report on Wednesday, May 7th. Finally, Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $42.89.
Get Our Latest Report on SMCI
Super Micro Computer Price Performance
Shares of Super Micro Computer stock traded down $2.33 on Friday, hitting $56.64. 40,774,767 shares of the company were exchanged, compared to its average volume of 36,665,812. The stock has a market capitalization of $33.80 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.87 and a beta of 1.46. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $47.62 and a 200 day moving average price of $40.84. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $66.44.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.
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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