Toronto Dominion Bank Grows Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Toronto Dominion Bank grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 835.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,578 shares of the company's stock after buying an additional 162,158 shares during the period. Toronto Dominion Bank's holdings in Super Micro Computer were worth $5,535,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Snowden Capital Advisors LLC increased its position in Super Micro Computer by 623.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 44,688 shares of the company's stock worth $1,362,000 after buying an additional 38,514 shares in the last quarter. Shell Asset Management Co. increased its position in Super Micro Computer by 446.1% during the fourth quarter. Shell Asset Management Co. now owns 4,030 shares of the company's stock worth $123,000 after buying an additional 3,292 shares in the last quarter. Royal Bank of Canada increased its position in Super Micro Computer by 597,348.0% during the fourth quarter. Royal Bank of Canada now owns 746,810 shares of the company's stock worth $22,762,000 after buying an additional 746,685 shares in the last quarter. Rafferty Asset Management LLC increased its position in Super Micro Computer by 343.1% during the fourth quarter. Rafferty Asset Management LLC now owns 196,182 shares of the company's stock worth $5,980,000 after buying an additional 151,911 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in Super Micro Computer during the fourth quarter worth $175,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Price Performance

SMCI stock opened at $41.65 on Thursday. The stock has a 50-day moving average price of $35.79 and a two-hundred day moving average price of $35.33. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $24.86 billion, a PE ratio of 20.91 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly 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. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. As a group, research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insiders Place Their Bets

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 over the last quarter. 17.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on SMCI shares. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Raymond James initiated coverage on Super Micro Computer in a report on Tuesday, May 13th. They set an "outperform" rating and a $41.00 price objective on the stock. Northland Securities set a $59.00 price objective on Super Micro Computer in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price objective on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Mizuho raised their price objective on Super Micro Computer from $32.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $45.63.

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.

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