MetLife Investment Management LLC Purchases 1,408 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

MetLife Investment Management LLC grew its position in Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,169 shares of the company’s stock after acquiring an additional 1,408 shares during the quarter. MetLife Investment Management LLC’s holdings in Super Micro Computer were worth $1,331,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its holdings in Super Micro Computer by 30.4% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 75,100 shares of the company’s stock valued at $4,136,000 after purchasing an additional 17,500 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Super Micro Computer by 106.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 32,721 shares of the company’s stock valued at $1,802,000 after purchasing an additional 16,846 shares in the last quarter. Credit Suisse AG increased its holdings in Super Micro Computer by 21.7% during the 3rd quarter. Credit Suisse AG now owns 41,649 shares of the company’s stock valued at $2,294,000 after purchasing an additional 7,431 shares in the last quarter. ExodusPoint Capital Management LP increased its holdings in Super Micro Computer by 14.7% during the 3rd quarter. ExodusPoint Capital Management LP now owns 199,656 shares of the company’s stock valued at $10,995,000 after purchasing an additional 25,663 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Super Micro Computer by 5.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,943,248 shares of the company’s stock valued at $107,014,000 after purchasing an additional 95,215 shares in the last quarter. Institutional investors own 73.08% of the company’s stock.

Super Micro Computer Stock Down 3.1 %

NASDAQ:SMCI opened at $97.97 on Wednesday. Super Micro Computer, Inc. has a 12-month low of $34.11 and a 12-month high of $103.98. The company has a quick ratio of 1.34, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $5.26 billion, a P/E ratio of 9.31 and a beta of 1.38. The stock’s fifty day simple moving average is $83.56 and its 200-day simple moving average is $75.35.

Super Micro Computer (NASDAQ:SMCI – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.14. Super Micro Computer had a return on equity of 37.49% and a net margin of 8.70%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. Equities research analysts expect that Super Micro Computer, Inc. will post 9.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SMCI. Wedbush lifted their target price on Super Micro Computer from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, November 2nd. Northland Securities lifted their target price on Super Micro Computer from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $90.00.

Insider Transactions at Super Micro Computer

In other news, Director Sherman Tuan sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $87.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 24,696 shares in the company, valued at approximately $2,148,552. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 1,000 shares of Super Micro Computer stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $87.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 24,696 shares in the company, valued at $2,148,552. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles Liang sold 43,772 shares of Super Micro Computer stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $71.26, for a total value of $3,119,192.72. Following the transaction, the chief executive officer now owns 6,722,717 shares in the company, valued at $479,060,813.42. The disclosure for this sale can be found here. Insiders have sold 101,772 shares of company stock worth $7,917,123 in the last three months. Insiders own 14.50% of the company’s stock.

Super Micro Computer Profile

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Super Micro Computer, Inc engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products.