Zurcher Kantonalbank Zurich Cantonalbank Acquires 717 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 9.1% in the 4th quarter, HoldingsChannel reports. The firm owned 8,630 shares of the company’s stock after acquiring an additional 717 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Super Micro Computer were worth $2,453,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in Super Micro Computer during the 3rd quarter worth approximately $27,000. Optimum Investment Advisors acquired a new position in shares of Super Micro Computer during the fourth quarter valued at about $28,000. First Horizon Advisors Inc. bought a new position in Super Micro Computer in the third quarter worth approximately $39,000. UMB Bank n.a. lifted its holdings in shares of Super Micro Computer by 216.3% in the 4th quarter. UMB Bank n.a. now owns 155 shares of the company’s stock worth $44,000 after purchasing an additional 106 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new position in shares of Super Micro Computer in the fourth quarter valued at $48,000. Institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SMCI. Wedbush boosted their target price on Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Rosenblatt Securities upped their price objective on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Susquehanna raised their price target on 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 initiated 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 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of “Moderate Buy” and an average target price of $949.85.

Insider Activity at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, 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 transaction of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The disclosure for this sale can be found here. Insiders sold a total of 34,989 shares of company stock worth $30,113,681 over the last quarter. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Price Performance

SMCI stock opened at $761.86 on Wednesday. The firm’s fifty day moving average is $954.67 and its 200 day moving average is $558.04. Super Micro Computer, Inc. has a 52 week low of $93.19 and a 52 week high of $1,229.00. The firm has a market cap of $42.61 billion, a P/E ratio of 59.47, a P/E/G ratio of 0.63 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 (NASDAQ:SMCI) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm earned $3.09 EPS. The company’s revenue was up 103.0% on a year-over-year basis. Research analysts predict that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

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.