Super Micro Computer, Inc. (NASDAQ:SMCI) Position Raised by Toronto Dominion Bank

Toronto Dominion Bank raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 835.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,578 shares of the company's stock after purchasing 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.

Other large investors have also modified their holdings of the company. Parkside Financial Bank & Trust grew its position in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the period. AlphaQuest LLC grew its holdings in Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after acquiring an additional 762 shares during the period. Golden State Wealth Management LLC purchased a new stake in Super Micro Computer during the fourth quarter valued at about $34,000. Finally, Lindbrook Capital LLC increased its holdings in shares of Super Micro Computer by 763.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,114 shares of the company's stock valued at $34,000 after purchasing an additional 985 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Down 3.5%

NASDAQ SMCI traded down $1.42 during trading hours on Friday, hitting $39.73. 34,776,375 shares of the company were exchanged, compared to its average volume of 71,818,247. The firm has a market cap of $23.71 billion, a price-to-earnings ratio of 19.94 and a beta of 1.36. 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 50 day moving average of $35.84 and a two-hundred day moving average of $36.12. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results 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 analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. Equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO David E. Weigand sold 67,000 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SMCI. Barclays reiterated an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a report on Tuesday, May 6th. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research 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. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.