Wellington Management Group LLP Raises Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Wellington Management Group LLP lifted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 3,337.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,890 shares of the company’s stock after acquiring an additional 310,583 shares during the period. Wellington Management Group LLP’s holdings in Super Micro Computer were worth $34,084,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Panagora Asset Management Inc. bought a new position in shares of Super Micro Computer in the 1st quarter valued at about $402,000. OPTIMAS CAPITAL Ltd bought a new stake in Super Micro Computer in the first quarter worth about $522,000. First Republic Investment Management Inc. bought a new stake in Super Micro Computer in the first quarter worth about $888,000. Keystone Investors PTE Ltd. bought a new stake in Super Micro Computer in the first quarter worth about $268,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Super Micro Computer by 838.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 324,110 shares of the company’s stock worth $34,534,000 after purchasing an additional 289,580 shares during the last quarter. Institutional investors own 72.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Susquehanna raised their price objective on shares of Super Micro Computer from $90.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Northland Securities lifted their price target on shares of Super Micro Computer from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $375.00 price target on shares of Super Micro Computer in a research note on Tuesday, August 8th. Wedbush raised shares of Super Micro Computer from an “underperform” rating to a “neutral” rating and set a $250.00 price target for the company in a research note on Wednesday, August 23rd. Finally, Loop Capital lifted their price objective on shares of Super Micro Computer from $325.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $287.50.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 2,968 shares of Super Micro Computer stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $280.79, for a total value of $833,384.72. Following the transaction, the senior vice president now directly owns 7,590 shares of the company’s stock, valued at $2,131,196.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Charles Liang sold 963 shares of Super Micro Computer stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $329.05, for a total transaction of $316,875.15. Following the completion of the sale, the chief executive officer now directly owns 1,827 shares in the company, valued at $601,174.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 2,968 shares of Super Micro Computer stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $280.79, for a total transaction of $833,384.72. Following the sale, the senior vice president now owns 7,590 shares of the company’s stock, valued at $2,131,196.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,091 shares of company stock valued at $2,815,408. 14.50% of the stock is currently owned by insiders.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $267.48 on Friday. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 23.36 and a beta of 1.29. The company’s 50 day moving average is $283.99 and its 200 day moving average is $193.27. The company has a quick ratio of 1.26, a current ratio of 2.31 and a debt-to-equity ratio of 0.06. Super Micro Computer, Inc. has a 52-week low of $50.28 and a 52-week high of $357.00.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, August 8th. The company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.22. Super Micro Computer had a net margin of 8.98% and a return on equity of 35.13%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. On average, sell-side analysts anticipate that Super Micro Computer, Inc. will post 14.37 EPS for the current fiscal year.

Super Micro Computer Company Profile

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.