Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,288 shares of the company’s stock after acquiring an additional 973 shares during the quarter. Mackenzie Financial Corp’s holdings in Super Micro Computer were worth $2,640,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP purchased a new stake in Super Micro Computer during the third quarter worth $27,000. Optimum Investment Advisors purchased a new stake in shares of Super Micro Computer during the 4th quarter worth about $28,000. First Horizon Advisors Inc. acquired a new stake in shares of Super Micro Computer during the 3rd quarter valued at about $39,000. UMB Bank n.a. grew its position in shares of Super Micro Computer by 216.3% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the company’s stock valued at $44,000 after acquiring an additional 106 shares during the period. Finally, Anchor Investment Management LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the transaction, the director now directly owns 20,087 shares in the company, valued at $10,846,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the sale, the director now owns 20,087 shares in the company, valued at $10,846,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were 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 directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock worth $30,113,681 in the last 90 days. Insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Bank of America boosted their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Northland Securities upped their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Wells Fargo & Company started coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They issued an “equal weight” rating and a $960.00 target price on the stock. Susquehanna upped their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research report on Tuesday, January 30th. Finally, Barclays lifted their price objective on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $949.85.

Super Micro Computer Stock Up 0.5 %

Shares of NASDAQ:SMCI opened at $717.02 on Tuesday. Super Micro Computer, Inc. has a 52-week low of $93.19 and a 52-week high of $1,229.00. The stock has a market cap of $40.10 billion, a P/E ratio of 55.97, a PEG ratio of 0.63 and a beta of 1.28. The business has a fifty day moving average of $955.26 and a two-hundred day moving average of $554.71. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm 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 firm posted $3.09 earnings per share. Super Micro Computer’s quarterly revenue was up 103.0% on a year-over-year basis. On average, research analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

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.