Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 298.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,916 shares of the company's stock after purchasing an additional 32,140 shares during the period. G2 Investment Partners Management LLC's holdings in Super Micro Computer were worth $1,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SMCI. GAMMA Investing LLC increased its holdings in Super Micro Computer by 1,160.6% during the 4th quarter. GAMMA Investing LLC now owns 6,341 shares of the company's stock valued at $193,000 after acquiring an additional 5,838 shares in the last quarter. Czech National Bank grew its position in shares of Super Micro Computer by 963.7% in the fourth quarter. Czech National Bank now owns 109,175 shares of the company's stock valued at $3,328,000 after purchasing an additional 98,911 shares during the last quarter. Brookstone Capital Management raised its position in shares of Super Micro Computer by 930.2% during the 4th quarter. Brookstone Capital Management now owns 6,995 shares of the company's stock worth $213,000 after purchasing an additional 6,316 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $43,000. Finally, Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Performance

Shares of SMCI opened at $32.11 on Friday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The company has a 50-day moving average of $35.51 and a two-hundred day moving average of $35.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market cap of $19.16 billion, a price-to-earnings ratio of 16.12 and a beta of 1.36.

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, beating analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $4.60 billion during 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 revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, equities research analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Activity

In related news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was 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. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 in the last ninety days. Corporate insiders own 17.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SMCI. Barclays reissued an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a report on Wednesday. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a report on Thursday. Finally, Citigroup started coverage on shares of Super Micro Computer in a research note on Tuesday. They issued a "neutral" rating and a $39.00 price target for the company. Three equities 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 stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and an average target price of $45.53.

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.

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