Rakuten Securities Inc. Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Rakuten Securities Inc. acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,987 shares of the company's stock, valued at approximately $849,000. Super Micro Computer makes up 0.7% of Rakuten Securities Inc.'s investment portfolio, making the stock its 27th largest position.

Several other institutional investors also recently modified their holdings of SMCI. Fairfield Bush & CO. acquired a new stake in Super Micro Computer during the 1st quarter worth about $126,000. MetLife Investment Management LLC grew its stake in shares of Super Micro Computer by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 25,047 shares of the company's stock valued at $954,000 after buying an additional 8,927 shares during the period. BlackRock Inc. grew its stake in shares of Super Micro Computer by 8.7% in the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company's stock valued at $131,163,000 after buying an additional 275,725 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Super Micro Computer by 21.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company's stock valued at $114,000 after buying an additional 493 shares during the period. Finally, LSV Asset Management acquired a new stake in shares of Super Micro Computer in the 1st quarter valued at about $259,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SMCI has been the subject of several research reports. The Goldman Sachs Group started coverage on Super Micro Computer in a research note on Monday, March 4th. They issued a "neutral" rating and a $941.00 target price for the company. Susquehanna raised their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a "negative" rating in a research report on Tuesday, January 30th. Wells Fargo & Company started coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They issued an "equal weight" rating and a $960.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They issued an "overweight" rating and a $1,150.00 price target on the stock. Finally, Wedbush raised their price target on shares of Super Micro Computer from $250.00 to $530.00 and gave the company a "neutral" rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of "Moderate Buy" and a consensus target price of $949.85.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded down $16.22 on Wednesday, reaching $960.08. The company's stock had a trading volume of 7,160,107 shares, compared to its average volume of 9,902,687. The company has a 50-day simple moving average of $952.30 and a 200 day simple moving average of $542.21. The company has a market cap of $53.70 billion, a P/E ratio of 74.95, a PEG ratio of 0.78 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. Super Micro Computer, Inc. has a 52-week low of $93.19 and a 52-week high of $1,229.00.

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

Insiders Place Their Bets

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the sale, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,989 shares of company stock valued at $30,113,681. Insiders own 17.60% of the company's stock.

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.