American Century Companies Inc. Grows Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

American Century Companies Inc. grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,191 shares of the company’s stock after buying an additional 3,419 shares during the quarter. American Century Companies Inc.’s holdings in Super Micro Computer were worth $6,908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of Super Micro Computer during the 3rd quarter valued at approximately $25,000. Allworth Financial LP bought a new position in Super Micro Computer during the third quarter worth $27,000. First Horizon Advisors Inc. bought a new position in Super Micro Computer during the third quarter worth $39,000. Private Trust Co. NA bought a new position in Super Micro Computer during the third quarter worth $55,000. Finally, Orion Capital Management LLC bought a new position in Super Micro Computer during the third quarter worth $55,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wedbush raised their target price on Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group assumed coverage on Super Micro Computer in a research note on Monday, March 4th. They issued a “neutral” rating and a $941.00 target price on the stock. Barclays raised their target price on Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Northland Securities raised their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Argus initiated coverage on Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of “Moderate Buy” and a consensus price target of $865.23.

Check Out Our Latest Research Report on SMCI

Super Micro Computer Trading Up 7.2 %

NASDAQ:SMCI opened at $1,042.79 on Tuesday. Super Micro Computer, Inc. has a 1-year low of $93.19 and a 1-year high of $1,229.00. The firm has a market capitalization of $58.32 billion, a price-to-earnings ratio of 81.40, a price-to-earnings-growth ratio of 0.89 and a beta of 1.27. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $792.10 and a 200 day simple moving average of $459.31.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.65. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The firm’s revenue was up 103.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.09 EPS. Sell-side analysts forecast that Super Micro Computer, Inc. will post 19.66 earnings per share for the current year.

Insider Activity

In related news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $280.00, for a total value of $84,000.00. Following the transaction, the director now directly owns 20,387 shares of the company’s stock, valued at approximately $5,708,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $280.00, for a total value of $84,000.00. Following the transaction, the director now directly owns 20,387 shares of the company’s stock, valued at approximately $5,708,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders sold a total of 35,289 shares of company stock worth $30,197,681 in the last three months. 17.60% of the stock is owned by insiders.

About Super Micro Computer

(Free Report)

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.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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