BNP Paribas Takes $1.41 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

BNP Paribas acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,387 shares of the company’s stock, valued at approximately $1,409,000.

A number of other hedge funds also recently made changes to their positions in SMCI. Optimum Investment Advisors acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $30,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $33,000. Bank of New Hampshire acquired a new stake in shares of Super Micro Computer in the first quarter valued at approximately $35,000. Finally, Allworth Financial LP increased its stake in shares of Super Micro Computer by 28.6% during the fourth quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after purchasing an additional 28 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SMCI. JPMorgan Chase & Co. began coverage on Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. Loop Capital increased their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Northland Securities increased their target price on 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. Finally, The Goldman Sachs Group lowered their target price on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $954.38.

View Our Latest Analysis on SMCI

Insider Activity at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was 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 approximately $3,008,015.58. The transaction was disclosed in a document filed with the SEC, 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 dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated Monday, April 29th. The stock was 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 in the company, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock valued at $1,116,736 in the last 90 days. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Price Performance

Shares of SMCI stock traded up $47.59 during trading hours on Monday, reaching $894.17. The company’s stock had a trading volume of 4,436,812 shares, compared to its average volume of 8,512,160. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a fifty-two week low of $226.59 and a fifty-two week high of $1,229.00. The company has a market capitalization of $50.01 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 0.53 and a beta of 1.27. The firm’s 50 day simple moving average is $839.18 and its 200-day simple moving average is $767.79.

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, beating the consensus estimate of $5.42 by $1.14. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Sell-side analysts forecast that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

About Super Micro Computer

(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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