Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Super Micro Computer, Inc. by 3.9%, owning 64,407,769 shares worth approximately $2.2 billion as of the latest SEC filing.
• Insider trading activity included Director Liang Chiu-Chu Sara Liu selling 300,000 shares for $13.5 million, reducing ownership by 0.45%, and CFO David E. Weigand selling 67,000 shares, reducing his ownership by 43.06%.
• Research analysts have mixed views on Super Micro, with price targets ranging from $30.00 to $59.00, and an average rating of "Hold."

Vanguard Group Inc. grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,407,769 shares of the company's stock after buying an additional 2,415,276 shares during the quarter. Vanguard Group Inc. owned approximately 10.79% of Super Micro Computer worth $2,205,322,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Eastern Bank purchased a new position in Super Micro Computer during the 1st quarter valued at $29,000. Bernard Wealth Management Corp. purchased a new stake in Super Micro Computer during the 4th quarter valued at about $33,000. Quarry LP acquired a new position in shares of Super Micro Computer in the 4th quarter valued at about $34,000. Central Pacific Bank Trust Division acquired a new position in shares of Super Micro Computer in the 1st quarter valued at about $34,000. Finally, IMG Wealth Management Inc. lifted its holdings in shares of Super Micro Computer by 90.7% in the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Transactions at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the director directly owned 66,903,640 shares in the company, valued at $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the firm's 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 transaction, the chief financial officer owned 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,067,000 shares of company stock worth $53,949,340 over the last ninety days. Company insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SMCI shares. Bank of America initiated coverage on shares of Super Micro Computer in a research note on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 target price for the company. KGI Securities initiated coverage on Super Micro Computer in a research report on Wednesday, May 7th. They set a "neutral" rating on the stock. 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. Citigroup reissued a "neutral" rating and issued a $52.00 price objective (up from $37.00) on shares of Super Micro Computer in a report on Friday, July 11th. Finally, Needham & Company LLC boosted their price objective on Super Micro Computer from $39.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $44.75.

Super Micro Computer Trading Up 1.3%

Super Micro Computer stock traded up $0.60 during mid-day trading on Monday, hitting $45.20. The company's stock had a trading volume of 31,757,133 shares, compared to its average volume of 57,002,855. The firm has a market capitalization of $26.98 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $66.44. The company has a current ratio of 5.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.74. The stock's fifty day moving average is $48.61 and its two-hundred day moving average is $41.63.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). Super Micro Computer had a return on equity of 17.14% and a net margin of 4.77%. The business had revenue of $5.76 billion during the quarter, compared to analysts' expectations of $5.88 billion. During the same quarter in the previous year, the company posted $6.25 earnings per share. The company's revenue was up 8.5% on a year-over-year basis. On average, analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Super Micro Computer Company 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.