Oliver Lagore Vanvalin Investment Group Acquires 1,319 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 70.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,182 shares of the company's stock after purchasing an additional 1,319 shares during the quarter. Oliver Lagore Vanvalin Investment Group's holdings in Super Micro Computer were worth $905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Super Micro Computer by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company's stock valued at $265,007,000 after buying an additional 197,980 shares during the last quarter. BlackRock Inc. grew its position in shares of Super Micro Computer by 8.7% in the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company's stock valued at $131,163,000 after purchasing an additional 275,725 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Super Micro Computer by 11.8% in the first 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 during the period. State Street Corp lifted its position in shares of 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 during the last quarter. Finally, International Assets Investment Management LLC boosted 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 valued at $375,818,000 after purchasing an additional 1,319,768 shares during the period. Institutional investors own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SMCI shares. The Goldman Sachs Group initiated coverage on Super Micro Computer in a report on Monday, March 4th. They set a "neutral" rating and a $941.00 price target for the company. Rosenblatt Securities increased their price target on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. Susquehanna boosted their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a "negative" rating in a report on Tuesday, January 30th. Barclays increased their target price on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. Finally, Loop Capital upped their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the company a "buy" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Super Micro Computer has an average rating of "Moderate Buy" and a consensus target price of $949.85.

Insider Buying and Selling

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the transaction, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value 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 $19,326,319.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders have sold a total of 34,989 shares of company stock worth $30,113,681 in the last three months. Insiders own 17.60% of the company's stock.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded down $31.60 during midday trading on Thursday, reaching $928.48. 4,292,468 shares of the company traded hands, compared to its average volume of 9,827,878. Super Micro Computer, Inc. has a 12 month low of $93.19 and a 12 month high of $1,229.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The stock's 50-day simple moving average is $956.91 and its 200-day simple moving average is $544.90. The firm has a market cap of $51.93 billion, a PE ratio of 72.48, a PEG ratio of 0.86 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (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 net margin of 7.92% and a return on equity of 32.34%. The firm's quarterly revenue was up 103.0% on a year-over-year basis. During the same period last year, the firm posted $3.09 EPS. As a group, equities analysts anticipate that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

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.