Comerica Bank Increases Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Comerica Bank increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 14.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,175 shares of the company’s stock after acquiring an additional 2,229 shares during the quarter. Comerica Bank’s holdings in Super Micro Computer were worth $1,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMCI. Arizona State Retirement System lifted its position in shares of Super Micro Computer by 13.9% in the 2nd quarter. Arizona State Retirement System now owns 12,576 shares of the company’s stock worth $507,000 after purchasing an additional 1,531 shares during the period. Cubist Systematic Strategies LLC boosted its position in Super Micro Computer by 511.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 200,171 shares of the company’s stock valued at $8,077,000 after acquiring an additional 167,413 shares in the last quarter. Prelude Capital Management LLC bought a new stake in Super Micro Computer during the 2nd quarter valued at $313,000. Trexquant Investment LP raised its position in shares of Super Micro Computer by 20.3% in the 2nd quarter. Trexquant Investment LP now owns 13,527 shares of the company’s stock worth $546,000 after acquiring an additional 2,287 shares in the last quarter. Finally, Dark Forest Capital Management LP lifted its stake in shares of Super Micro Computer by 19.1% during the 2nd quarter. Dark Forest Capital Management LP now owns 22,597 shares of the company’s stock worth $912,000 after purchasing an additional 3,622 shares during the last quarter. 73.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Northland Securities lifted their target price on Super Micro Computer from $137.00 to $165.00 in a research note on Wednesday, November 2nd. StockNews.com initiated coverage on shares of Super Micro Computer in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Wedbush raised their target price on shares of Super Micro Computer from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, November 2nd.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP Don W. Clegg sold 1,000 shares of Super Micro Computer stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $91.03, for a total transaction of $91,030.00. Following the completion of the sale, the senior vice president now owns 9,117 shares of the company’s stock, valued at approximately $829,920.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Charles Liang sold 44,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $75.00, for a total value of $3,300,000.00. Following the transaction, the chief executive officer now owns 2,646 shares in the company, valued at approximately $198,450. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Don W. Clegg sold 1,000 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $91.03, for a total transaction of $91,030.00. Following the sale, the senior vice president now owns 9,117 shares of the company’s stock, valued at $829,920.51. The disclosure for this sale can be found here. Insiders have sold a total of 143,351 shares of company stock valued at $10,989,504 in the last ninety days. Company insiders own 14.50% of the company’s stock.

Super Micro Computer Stock Performance

SMCI opened at $78.25 on Wednesday. The company has a market cap of $4.14 billion, a P/E ratio of 9.59 and a beta of 1.45. The company has a quick ratio of 0.85, a current ratio of 2.13 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $83.81 and its 200-day moving average price is $68.98. Super Micro Computer, Inc. has a 52-week low of $34.11 and a 52-week high of $95.22.

Super Micro Computer (NASDAQ:SMCI – Get Rating) last released its earnings results on Tuesday, November 1st. The company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.34. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. Super Micro Computer had a net margin of 7.38% and a return on equity of 32.20%. As a group, equities analysts anticipate that Super Micro Computer, Inc. will post 9.24 EPS for the current fiscal year.

About Super Micro Computer

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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.