Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Investment Management Corp of Ontario

Investment Management Corp of Ontario lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,336.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,874 shares of the company's stock after purchasing an additional 23,142 shares during the period. Investment Management Corp of Ontario's holdings in Super Micro Computer were worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wahed Invest LLC increased its position 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 worth $377,000 after purchasing an additional 352 shares in the last quarter. Shelton Capital Management increased its position in shares of Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after purchasing an additional 480 shares in the last quarter. AlphaQuest LLC increased its position in shares of Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after purchasing an additional 762 shares in the last quarter. Blue Trust Inc. increased its position in shares of Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after purchasing an additional 825 shares in the last quarter. Finally, Montag A & Associates Inc. increased its position in shares of Super Micro Computer by 103.6% during the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock worth $52,000 after purchasing an additional 865 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $33.52 on Tuesday. The business's 50 day simple moving average is $35.26 and its 200-day simple moving average is $35.00. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 16.83 and a beta of 1.36. 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, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40.

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

Insider Transactions at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This represents a 78.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last quarter. 17.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on SMCI shares. KGI Securities started coverage on Super Micro Computer in a research report on Wednesday, May 7th. They issued a "neutral" rating on the stock. Northland Securities set a $59.00 price target on Super Micro Computer in a research report on Wednesday, May 7th. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price target for the company from $40.00 to $32.00 in a research report on Monday, March 24th. JPMorgan Chase & Co. dropped their price target on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Barclays restated an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $45.53.

Super Micro Computer Company 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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