Romano Brothers AND Company Invests $605,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Romano Brothers AND Company acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,130 shares of the company's stock, valued at approximately $605,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SMCI. Vanguard Group Inc. grew its stake in Super Micro Computer by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company's stock worth $265,007,000 after purchasing an additional 197,980 shares in the last quarter. BlackRock Inc. grew its stake in Super Micro Computer by 8.7% during the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company's stock worth $131,163,000 after purchasing an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Super Micro Computer by 11.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company's stock worth $62,035,000 after purchasing an additional 171,335 shares in the last quarter. State Street Corp grew its stake in Super Micro Computer by 3.6% during the 1st quarter. State Street Corp now owns 1,532,138 shares of the company's stock worth $163,249,000 after purchasing an additional 53,564 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company's stock worth $375,818,000 after purchasing an additional 1,319,768 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company initiated coverage on Super Micro Computer in a research note on Friday, February 16th. They set an "equal weight" rating and a $960.00 target price for the company. Northland Securities upped their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Monday, March 25th. Wedbush upped their price objective on Super Micro Computer from $250.00 to $530.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 30th. Rosenblatt Securities upped their price objective on Super Micro Computer from $700.00 to $1,300.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th. Finally, Argus initiated coverage on Super Micro Computer in a research report on Wednesday, March 6th. They set a "buy" rating and a $1,350.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $865.23.

Super Micro Computer Stock Performance

SMCI traded down $38.79 on Friday, hitting $898.49. 3,332,228 shares of the company traded hands, compared to its average volume of 6,263,681. The company has a 50 day moving average of $936.49 and a 200-day moving average of $530.01. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $50.25 billion, a PE ratio of 70.14, a PEG ratio of 0.80 and a beta of 1.28. Super Micro Computer, Inc. has a 12-month low of $93.19 and a 12-month high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.94 by $0.65. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The firm's revenue was up 103.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.09 EPS. Sell-side analysts anticipate that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insider Transactions at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the completion of the transaction, the director now directly owns 2,714 shares of the company's stock, valued at approximately $1,292,135.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total value of $458,008.20. Following the transaction, the director now directly owns 2,714 shares of the company's stock, valued at $1,292,135.40. The disclosure for this sale can be found here. In the last three months, insiders sold 34,989 shares of company stock valued at $30,113,681. Corporate insiders own 17.60% of the company's stock.

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.