Woodline Partners LP Takes $922,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Woodline Partners LP purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 30,242 shares of the company's stock, valued at approximately $922,000.

Several other institutional investors and hedge funds have also modified their holdings of SMCI. Parkside Financial Bank & Trust boosted its holdings in Super Micro Computer by 2,890.9% in the fourth 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 boosted its holdings in Super Micro Computer by 902.0% in the fourth 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. AlphaQuest LLC boosted its holdings in Super Micro Computer by 233.0% in the fourth 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. Quarry LP bought a new stake in Super Micro Computer in the fourth quarter worth $34,000. Finally, Golden State Wealth Management LLC bought a new stake in Super Micro Computer during the fourth quarter valued at about $34,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 transaction of $2,949,340.00. Following the sale, the chief financial officer now owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 17.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SMCI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Barclays reiterated an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Wedbush reiterated a "neutral" rating and issued a $30.00 target price (down previously from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, Citigroup started coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $45.63.

Super Micro Computer Trading Down 3.1%

Shares of NASDAQ:SMCI traded down $1.27 during midday trading on Friday, hitting $39.88. The company had a trading volume of 14,478,766 shares, compared to its average volume of 71,645,958. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 19.95 and a beta of 1.36. The firm has a fifty day simple moving average of $35.86 and a 200 day simple moving average of $35.99.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm's revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. On average, analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

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.