Allspring Global Investments Holdings LLC Acquires 6,679 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Allspring Global Investments Holdings LLC boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 108.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,861 shares of the company’s stock after purchasing an additional 6,679 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Super Micro Computer were worth $3,656,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in shares of Super Micro Computer by 28.6% in the 4th quarter. Allworth Financial LP now owns 126 shares of the company’s stock valued at $36,000 after acquiring an additional 28 shares during the last quarter. Blue Trust Inc. boosted 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 purchasing an additional 41 shares during the period. CWM LLC grew its holdings in shares of Super Micro Computer by 9.4% in the third quarter. CWM LLC now owns 510 shares of the company’s stock worth $140,000 after purchasing an additional 44 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Super Micro Computer by 8.0% in the third quarter. Signaturefd LLC now owns 610 shares of the company’s stock worth $167,000 after purchasing an additional 45 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. increased its stake in shares of Super Micro Computer by 1.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 3,445 shares of the company’s stock worth $945,000 after buying an additional 60 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer 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 sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the transaction, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,989 shares of company stock valued at $30,113,681. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $713.65 on Friday. The company has a market capitalization of $39.91 billion, a price-to-earnings ratio of 55.71, a price-to-earnings-growth ratio of 0.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. Super Micro Computer, Inc. has a one year low of $93.19 and a one year high of $1,229.00. The company’s 50-day moving average is $956.38 and its 200 day moving average is $547.85.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm earned $3.09 earnings per share. The firm’s quarterly revenue was up 103.0% compared to the same quarter last year. Sell-side analysts expect that Super Micro Computer, Inc. will post 20.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SMCI shares. Susquehanna raised their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a report on Tuesday, January 30th. Wells Fargo & Company started coverage on Super Micro Computer in a report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price target on the stock. JPMorgan Chase & Co. started coverage on Super Micro Computer in a report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price objective for the company. Bank of America boosted their target price on 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. Finally, Loop Capital raised their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $949.85.

About Super Micro Computer

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.