Trust Asset Management LLC Acquires New Position in Super Micro Computer, Inc. $SMCI

Trust Asset Management LLC acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,768 shares of the company's stock, valued at approximately $283,000.

A number of other hedge funds also recently made changes to their positions in the stock. Eastern Bank bought a new position in Super Micro Computer in the 1st quarter worth approximately $29,000. Beaird Harris Wealth Management LLC bought a new position in Super Micro Computer in the 1st quarter worth approximately $34,000. IMG Wealth Management Inc. boosted its stake in Super Micro Computer by 90.7% in the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock worth $36,000 after purchasing an additional 500 shares during the period. Advisors Asset Management Inc. bought a new position in Super Micro Computer in the 1st quarter worth approximately $39,000. Finally, TD Private Client Wealth LLC boosted its stake in Super Micro Computer by 46.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 800 shares of the company's stock worth $39,000 after purchasing an additional 252 shares during the period. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Up 0.8%

NASDAQ SMCI opened at $55.07 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.25 and a current ratio of 5.25. The company has a market capitalization of $32.73 billion, a P/E ratio of 33.17, a P/E/G ratio of 1.36 and a beta of 1.55. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $66.44. The stock has a 50 day moving average price of $46.69 and a 200-day moving average price of $43.12.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). The firm had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.88 billion. Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The firm's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.25 earnings per share. Super Micro Computer has set its Q1 2026 guidance at 0.400-0.520 EPS. FY 2026 guidance at EPS. As a group, equities analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Charles Liang sold 200,000 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $60.00, for a total value of $12,000,000.00. Following the completion of the sale, the chief executive officer directly owned 40,426,120 shares in the company, valued at $2,425,567,200. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David E. Weigand sold 25,000 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $45.14, for a total value of $1,128,500.00. Following the completion of the sale, the chief financial officer owned 100,188 shares of the company's stock, valued at approximately $4,522,486.32. This represents a 19.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 490,000 shares of company stock valued at $27,890,950 in the last three months. Corporate insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SMCI shares. Citigroup restated a "neutral" rating and issued a $52.00 price target (up from $37.00) on shares of Super Micro Computer in a research note on Friday, July 11th. Mizuho upped their price target on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Sanford C. Bernstein upgraded Super Micro Computer to a "hold" rating in a research note on Tuesday, September 16th. Needham & Company LLC upped their price target on Super Micro Computer from $39.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. dropped their price target on Super Micro Computer from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $45.36.

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.

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