Tower Research Capital LLC TRC Purchases 1,841 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Tower Research Capital LLC TRC boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 128.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,269 shares of the company’s stock after acquiring an additional 1,841 shares during the period. Tower Research Capital LLC TRC’s holdings in Super Micro Computer were worth $180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of Super Micro Computer by 379.5% during the second quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock valued at $24,586,000 after buying an additional 482,230 shares during the last quarter. Cannell & Co. raised its position in shares of Super Micro Computer by 2,372.4% during the third quarter. Cannell & Co. now owns 446,265 shares of the company’s stock valued at $24,576,000 after buying an additional 428,215 shares during the last quarter. BlackRock Inc. raised its position in shares of Super Micro Computer by 8.7% during the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after buying an additional 275,725 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Super Micro Computer by 580.4% during the third quarter. Allianz Asset Management GmbH now owns 296,233 shares of the company’s stock valued at $16,313,000 after buying an additional 252,698 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of Super Micro Computer during the third quarter valued at approximately $10,100,000. Institutional investors own 73.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Northland Securities raised their target price on shares of Super Micro Computer from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $90.00.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 2,000 shares of Super Micro Computer stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $85.04, for a total transaction of $170,080.00. Following the completion of the transaction, the senior vice president now directly owns 7,149 shares of the company’s stock, valued at $607,950.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Charles Liang sold 43,772 shares of the business’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $71.26, for a total transaction of $3,119,192.72. Following the completion of the sale, the chief executive officer now directly owns 6,722,717 shares of the company’s stock, valued at $479,060,813.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP George Kao sold 2,000 shares of the business’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $85.04, for a total transaction of $170,080.00. Following the sale, the senior vice president now directly owns 7,149 shares of the company’s stock, valued at $607,950.96. The disclosure for this sale can be found here. Insiders sold 101,772 shares of company stock valued at $7,917,123 over the last three months. 14.50% of the stock is owned by company insiders.

Super Micro Computer Stock Up 0.2 %

NASDAQ SMCI opened at $98.51 on Wednesday. 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 company has a fifty day moving average of $85.19 and a two-hundred day moving average of $76.42. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 9.36 and a beta of 1.26. Super Micro Computer, Inc. has a 52 week low of $34.11 and a 52 week high of $103.98.

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

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.