Gladstone Institutional Advisory LLC Invests $315,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Gladstone Institutional Advisory LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,107 shares of the company's stock, valued at approximately $315,000.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Super Micro Computer by 83.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,182 shares of the company's stock worth $1,695,000 after acquiring an additional 2,821 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Super Micro Computer by 67.7% in the 3rd quarter. Fifth Third Bancorp now owns 374 shares of the company's stock worth $103,000 after purchasing an additional 151 shares during the last quarter. Allworth Financial LP bought a new position in Super Micro Computer in the 3rd quarter worth about $27,000. California Public Employees Retirement System increased its stake in Super Micro Computer by 5.0% during the 3rd quarter. California Public Employees Retirement System now owns 95,784 shares of the company's stock valued at $26,266,000 after purchasing an additional 4,594 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in Super Micro Computer in the third quarter worth about $297,000. 84.06% of the stock is owned by institutional investors.

Insider Transactions at Super Micro Computer

In other news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders own 17.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on SMCI shares. Northland Securities increased their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Monday, March 25th. KeyCorp assumed coverage on Super Micro Computer in a report on Wednesday, April 24th. They issued a "sector weight" rating for the company. Loop Capital upped their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. The Goldman Sachs Group reduced their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating for the company in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They set an "overweight" rating and a $1,150.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $954.38.

Super Micro Computer Price Performance

NASDAQ:SMCI traded up $36.50 during trading hours on Friday, hitting $883.88. 6,836,593 shares of the stock traded hands, compared to its average volume of 9,061,102. The stock has a 50 day moving average price of $895.89 and a 200 day moving average price of $640.69. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The company has a market cap of $49.44 billion, a price-to-earnings ratio of 50.36, a price-to-earnings-growth ratio of 0.79 and a beta of 1.34. Super Micro Computer, Inc. has a 1 year low of $192.50 and a 1 year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $5.42 by $1.14. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. Sell-side analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS 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.