Raymond James & Associates Has $20.49 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Raymond James & Associates increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) by 52.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 72,087 shares of the company’s stock after purchasing an additional 24,879 shares during the period. Raymond James & Associates owned approximately 0.14% of Super Micro Computer worth $20,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMCI. Hennessy Advisors Inc. boosted its holdings in Super Micro Computer by 28.1% in the 3rd quarter. Hennessy Advisors Inc. now owns 280,300 shares of the company’s stock valued at $76,864,000 after purchasing an additional 61,500 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Super Micro Computer in the 3rd quarter worth approximately $55,943,000. Natixis Advisors L.P. grew its holdings in shares of Super Micro Computer by 31.4% during the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after purchasing an additional 4,118 shares in the last quarter. Shilanski & Associates Inc. increased its position in shares of Super Micro Computer by 2.7% during the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after purchasing an additional 134 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in Super Micro Computer by 26.5% in the third quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company’s stock worth $14,858,000 after purchasing an additional 11,342 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Susquehanna increased their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group began coverage on Super Micro Computer in a research report on Monday, March 4th. They set a “neutral” rating and a $941.00 target price for the company. Bank of America lifted their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. 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. Finally, Argus initiated coverage on Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $865.23.

View Our Latest Stock Analysis on SMCI

Insider Buying and Selling

In related news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the 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 sale, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,289 shares of company stock worth $30,197,681. Insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 1.3 %

SMCI opened at $1,010.03 on Monday. The company has a market cap of $56.49 billion, a P/E ratio of 78.85, a PEG ratio of 0.89 and a beta of 1.27. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $845.88 and its 200-day moving average is $480.24. Super Micro Computer, Inc. has a 1-year low of $93.19 and a 1-year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last announced its earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations 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 prior year, the business posted $3.09 earnings per share. Equities research analysts predict that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

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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