Needham Investment Management LLC Raises Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Needham Investment Management LLC lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 978.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,410,000 shares of the company's stock after acquiring an additional 1,279,250 shares during the quarter. Super Micro Computer makes up 3.3% of Needham Investment Management LLC's investment portfolio, making the stock its 2nd largest position. Needham Investment Management LLC owned approximately 0.24% of Super Micro Computer worth $42,977,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Wahed Invest LLC lifted its holdings in shares of Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after purchasing an additional 352 shares during the last quarter. Shelton Capital Management increased its position in Super Micro Computer by 6.5% during the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after buying an additional 480 shares in the last quarter. AlphaQuest LLC raised its stake in Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after buying an additional 762 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after acquiring an additional 825 shares during the last quarter. Finally, Montag A & Associates Inc. raised its position in shares of Super Micro Computer by 103.6% in the 4th quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock worth $52,000 after purchasing an additional 865 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI opened at $33.52 on Tuesday. The stock has a market cap of $20.00 billion, a PE ratio of 16.83 and a beta of 1.36. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The firm has a fifty day moving average price of $35.26 and a 200-day moving average price of $35.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter last year, the business posted $0.66 earnings per share. The firm's revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several recent analyst reports. Northland Securities set a $59.00 target price on Super Micro Computer in a research note on Wednesday, May 7th. Rosenblatt Securities dropped their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Citigroup began coverage on Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of "Hold" and an average price target of $45.53.

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.

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