Nisa Investment Advisors LLC Acquires 557 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Nisa Investment Advisors LLC grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 6.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,822 shares of the company’s stock after buying an additional 557 shares during the period. Nisa Investment Advisors LLC’s holdings in Super Micro Computer were worth $2,792,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Allworth Financial LP grew its stake in shares of Super Micro Computer by 28.6% during the fourth quarter. Allworth Financial LP now owns 126 shares of the company’s stock valued at $36,000 after buying an additional 28 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Super Micro Computer by 29.5% during the fourth quarter. Blue Trust Inc. now owns 180 shares of the company’s stock valued at $49,000 after buying an additional 41 shares during the last quarter. CWM LLC grew its stake in shares of Super Micro Computer by 9.4% during the third quarter. CWM LLC now owns 510 shares of the company’s stock valued at $140,000 after buying an additional 44 shares during the last quarter. Signaturefd LLC grew its stake in shares of Super Micro Computer by 8.0% during the third quarter. Signaturefd LLC now owns 610 shares of the company’s stock valued at $167,000 after buying an additional 45 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. grew its stake in shares of Super Micro Computer by 1.8% during the third quarter. Quintet Private Bank Europe S.A. now owns 3,445 shares of the company’s stock valued at $945,000 after buying an additional 60 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Down 4.1 %

Super Micro Computer stock opened at $898.49 on Friday. The business has a fifty day moving average of $936.49 and a two-hundred day moving average of $526.16. 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 firm has a market cap of $50.25 billion, a P/E ratio of 70.14, a P/E/G ratio of 0.83 and a beta of 1.28. Super Micro Computer, Inc. has a twelve month low of $93.19 and a twelve month high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the business earned $3.09 earnings per share. Super Micro Computer’s revenue was up 103.0% on a year-over-year basis. On average, analysts forecast that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the sale, the director now owns 20,087 shares in the company, valued at approximately $10,846,980. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the completion of the sale, the director now owns 2,714 shares in the company, valued at approximately $1,292,135.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the transaction, the director now directly owns 20,087 shares in the company, valued at $10,846,980. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,989 shares of company stock worth $30,113,681. Insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays upped 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. Susquehanna boosted their price target on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a report on Tuesday, January 30th. Wedbush boosted their price target on Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Bank of America boosted their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, Wells Fargo & Company started coverage on Super Micro Computer in a report on Friday, February 16th. They issued an “equal weight” rating and a $960.00 price target for the company. One research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $865.23.

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.