CIBC Private Wealth Group LLC Increases Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

CIBC Private Wealth Group LLC boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) by 369.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,107 shares of the company’s stock after buying an additional 4,807 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Super Micro Computer were worth $1,736,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after buying an additional 1,319,768 shares during the period. Northern Trust Corp boosted its stake in Super Micro Computer by 7.4% during the third quarter. Northern Trust Corp now owns 651,010 shares of the company’s stock worth $178,520,000 after buying an additional 44,678 shares during the period. William Blair Investment Management LLC purchased a new position in Super Micro Computer during the third quarter worth about $140,751,000. FMR LLC boosted its stake in Super Micro Computer by 161.2% during the third quarter. FMR LLC now owns 479,338 shares of the company’s stock worth $131,444,000 after buying an additional 295,835 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Super Micro Computer by 89.1% during the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock worth $96,234,000 after buying an additional 165,353 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Northland Securities increased their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Wells Fargo & Company lowered their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 1st. Bank of America raised their price objective 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. Finally, KeyCorp started coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $954.38.

Read Our Latest Research Report on Super Micro Computer

Insiders Place Their Bets

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,325 shares of company stock valued at $1,116,736. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Stock Down 1.1 %

SMCI stock opened at $769.11 on Friday. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a twelve month low of $213.08 and a twelve month high of $1,229.00. The company’s 50 day moving average is $856.96 and its two-hundred day moving average is $684.92. The stock has a market cap of $43.02 billion, a P/E ratio of 43.11, a PEG ratio of 0.70 and a beta of 1.23.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Research analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Super Micro Computer Company Profile

(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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