Tower Research Capital LLC TRC Buys 4,267 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Tower Research Capital LLC TRC lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) by 144.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,221 shares of the company’s stock after purchasing an additional 4,267 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Super Micro Computer were worth $2,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SMCI. International Assets Investment Management LLC boosted its position in shares of Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after purchasing an additional 1,319,768 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Super Micro Computer in the 3rd quarter worth approximately $140,751,000. Norges Bank bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $95,211,000. FMR LLC boosted its position in shares of Super Micro Computer by 161.2% in the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock worth $131,444,000 after purchasing an additional 295,835 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Super Micro Computer in the 3rd quarter worth approximately $55,943,000. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Trading Down 1.1 %

NASDAQ:SMCI opened at $769.11 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The firm has a market capitalization of $43.02 billion, a price-to-earnings ratio of 43.11, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. Super Micro Computer, Inc. has a one year low of $213.08 and a one year high of $1,229.00. The business has a fifty day moving average price of $856.96 and a 200-day moving average price of $687.72.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $5.42 by $1.14. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. Sell-side analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Buying and Selling

In related news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,325 shares of company stock valued at $1,116,736. Company insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SMCI. KeyCorp initiated coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Argus initiated coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective for the company. Bank of America boosted their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Barclays boosted their target price on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Wells Fargo & Company decreased their target price 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $954.38.

View Our Latest Research Report on SMCI

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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