Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 893.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 303,484 shares of the company's stock after purchasing an additional 272,942 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of Super Micro Computer worth $9,250,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on SMCI. Citigroup began coverage on Super Micro Computer in a report on Tuesday. They issued a "neutral" rating and a $39.00 price objective on the stock. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Barclays restated an "equal weight" rating and set a $34.00 price objective on shares of Super Micro Computer in a research report on Tuesday. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Rosenblatt Securities reduced their price target on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued 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 price target of $46.27.

Super Micro Computer Trading Down 1.2 %

SMCI stock traded down $0.39 during midday trading on Wednesday, hitting $32.55. 58,404,910 shares of the company's stock were exchanged, compared to its average volume of 71,624,500. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $101.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $19.43 billion, a PE ratio of 16.34 and a beta of 1.36. The business has a 50-day simple moving average of $35.76 and a two-hundred day simple moving average of $35.46.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. Super Micro Computer's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, sell-side analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company'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 137,473 shares of company stock worth $6,771,552 over the last ninety days. Corporate insiders own 17.60% of the company's stock.

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.