Nicholas Investment Partners LP Purchases Shares of 11,019 Super Micro Computer, Inc. (NASDAQ:SMCI)

Nicholas Investment Partners LP bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,019 shares of the company's stock, valued at approximately $336,000.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust increased its holdings in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC increased its stake in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after buying an additional 893 shares during the period. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $30,000. Trust Co. of Vermont boosted its holdings in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in Super Micro Computer during the fourth quarter worth about $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Mizuho set a $34.00 target price on Super Micro Computer in a research note on Tuesday, May 6th. Wedbush reiterated a "neutral" rating and issued a $30.00 price objective (down previously from $40.00) on shares of Super Micro Computer in a research report on Wednesday, May 7th. Citigroup began coverage on shares of Super Micro Computer in a research report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 target price on the stock. Raymond James assumed coverage on shares of Super Micro Computer in a report on Tuesday. They issued an "outperform" rating and a $41.00 price target for the company. Finally, The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of "Hold" and a consensus target price of $45.25.

Insider Activity

In other news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP George Kao sold 71,720 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 over the last quarter. Company insiders own 17.60% of the company's stock.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded up $2.19 on Friday, hitting $46.15. The company had a trading volume of 98,012,727 shares, compared to its average volume of 72,620,935. The business has a 50 day moving average of $35.68 and a 200 day moving average of $35.05. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40. The company has a market cap of $27.54 billion, a PE ratio of 23.17 and a beta of 1.36. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

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

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.