Wellington Management Group LLP boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 461.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,133 shares of the company's stock after purchasing an additional 30,525 shares during the period. Wellington Management Group LLP's holdings in Super Micro Computer were worth $1,132,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its position in Super Micro Computer by 2,890.9% during 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 in the last quarter. Larson Financial Group LLC increased its position in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in Super Micro Computer during the 4th quarter worth about $33,000. AlphaQuest LLC increased its position 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 purchasing an additional 762 shares in the last quarter. Finally, Quarry LP purchased a new stake in Super Micro Computer during the 4th quarter worth about $34,000. 84.06% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the sale, the chief financial officer now directly owns 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.60% of the stock is owned by company insiders.
Super Micro Computer Stock Up 1.9%
Super Micro Computer stock traded up $0.78 during midday trading on Friday, hitting $41.55. 25,359,202 shares of the company were exchanged, compared to its average volume of 71,319,786. The company's fifty day moving average price is $36.55 and its 200-day moving average price is $36.84. The company has a market cap of $24.80 billion, a PE ratio of 20.86 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the company posted $0.66 EPS. Super Micro Computer's revenue for the quarter was up 19.5% on a year-over-year basis. On average, research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on SMCI. Citigroup began coverage on Super Micro Computer in a research report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective for the company. Mizuho set a $40.00 price target on Super Micro Computer and gave the stock a "neutral" rating in a research note on Monday, May 19th. Wedbush reissued a "neutral" rating and issued a $30.00 price target (down from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. Raymond James started coverage on Super Micro Computer in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 price target on the stock. Finally, Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research note on Tuesday, February 11th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $45.63.
Check Out Our Latest Research Report on Super Micro Computer
Super Micro Computer Company Profile
(
Free Report)
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.
Featured Articles

Before you consider Super Micro Computer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Micro Computer wasn't on the list.
While Super Micro Computer currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.