Voloridge Investment Management LLC Buys 1,059,380 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Voloridge Investment Management LLC raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,224.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,145,913 shares of the company's stock after buying an additional 1,059,380 shares during the period. Voloridge Investment Management LLC owned about 0.20% of Super Micro Computer worth $34,927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC boosted its position in 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 acquiring an additional 893 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in Super Micro Computer during the fourth quarter valued at $31,000. AlphaQuest LLC grew its holdings in Super Micro Computer by 233.0% during the 4th 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. Finally, Quarry LP bought a new position in shares of Super Micro Computer in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 in the last quarter. Insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Raymond James started coverage on Super Micro Computer in a research note on Tuesday, May 13th. They set an "outperform" rating and a $41.00 target price for the company. KGI Securities began coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They set a "neutral" rating for the company. Mizuho lifted their price objective on shares of Super Micro Computer from $32.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday. Citigroup began coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They set a "neutral" rating and a $39.00 target price on the stock. Finally, Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, eleven have given 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.com, Super Micro Computer presently has a consensus rating of "Hold" and an average price target of $45.63.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $41.65 on Thursday. The company has a market capitalization of $24.86 billion, a PE ratio of 20.91 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 stock's 50 day moving average price is $35.79 and its 200-day moving average price is $35.33. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40.

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 the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business's revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. On average, equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

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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