Westwood Holdings Group Inc. Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Westwood Holdings Group Inc. bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,889 shares of the company's stock, valued at approximately $339,000.

Other large investors have also modified their holdings of the company. FMR LLC purchased a new stake in Super Micro Computer in the 4th quarter valued at about $292,869,000. Invesco Ltd. boosted its stake in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares during the period. Northern Trust Corp increased its position in shares of Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after acquiring an additional 4,605,260 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Super Micro Computer by 416,945.0% in the 4th quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock valued at $114,404,000 after acquiring an additional 3,752,505 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Super Micro Computer by 649.5% in the 4th quarter. Legal & General Group Plc now owns 3,739,323 shares of the company's stock worth $113,975,000 after acquiring an additional 3,240,401 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insiders Place Their Bets

In related news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 88,599 shares of the company's stock, valued at $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the completion of the transaction, the director owned 40,426,120 shares in the company, valued at $2,425,567,200. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,067,000 shares of company stock valued at $53,949,340 in the last ninety days. Insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 0.3%

NASDAQ SMCI opened at $46.67 on Friday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $66.44. The firm has a 50 day moving average of $48.51 and a two-hundred day moving average of $41.43. The company has a quick ratio of 3.95, a current ratio of 5.32 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $27.85 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 2.28 and a beta of 1.46.

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Citigroup reiterated a "neutral" rating and issued a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a report on Friday, July 11th. Northland Securities set a $59.00 price target on Super Micro Computer in a research report on Wednesday, May 7th. Rosenblatt Securities cut their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays increased their target price on Super Micro Computer from $29.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on Super Micro Computer from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $44.75.

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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