MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $9.83 Million Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 219.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 322,345 shares of the company's stock after acquiring an additional 221,395 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Super Micro Computer worth $9,826,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont boosted its holdings in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of 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 buying an additional 954 shares during the period. Larson Financial Group LLC boosted its stake in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after buying an additional 893 shares in the last quarter. Toth Financial Advisory Corp acquired a new stake in Super Micro Computer in the 4th quarter valued at $31,000. Finally, AlphaQuest LLC grew its position in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after acquiring an additional 762 shares during the period. 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, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 over the last three months. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Trading Down 2.9%

Shares of Super Micro Computer stock traded down $1.36 during trading on Monday, reaching $44.79. 45,379,275 shares of the company were exchanged, compared to its average volume of 72,595,219. The business has a 50-day moving average price of $35.68 and a 200-day moving average price of $35.10. The firm has a market capitalization of $26.73 billion, a price-to-earnings ratio of 22.49 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. 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 quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer's revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Sell-side analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on SMCI shares. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research note on Tuesday, February 11th. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Citigroup began coverage on Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price on the stock. Finally, Rosenblatt Securities dropped their price target on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $45.63.

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.