UMB Bank n.a. Purchases New Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

UMB Bank n.a. acquired a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,434 shares of the company’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMCI. Empowered Funds LLC lifted its stake in Super Micro Computer by 12.9% in the fourth quarter. Empowered Funds LLC now owns 10,010 shares of the company’s stock valued at $305,000 after buying an additional 1,140 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Super Micro Computer by 819.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 26,069 shares of the company’s stock valued at $795,000 after acquiring an additional 23,234 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at approximately $954,000. Allspring Global Investments Holdings LLC boosted its stake in Super Micro Computer by 842.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,065 shares of the company’s stock worth $723,000 after acquiring an additional 21,512 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Super Micro Computer by 9.5% during the 4th quarter. Van ECK Associates Corp now owns 147,494 shares of the company’s stock worth $4,496,000 after acquiring an additional 12,824 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $41.56 on Friday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm’s 50-day simple moving average is $37.59 and its 200 day simple moving average is $37.22. The firm has a market cap of $24.80 billion, a price-to-earnings ratio of 20.86 and a beta of 1.40.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. As a group, sell-side analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO David E. Weigand sold 67,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the transaction, the chief financial officer now directly owns 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SMCI shares. Wall Street Zen raised shares of Super Micro Computer to a “sell” rating in a report on Thursday, May 8th. Citigroup began coverage on Super Micro Computer in a report on Tuesday, May 6th. They issued a “neutral” rating and a $39.00 price target for the company. Raymond James assumed coverage on Super Micro Computer in a report on Tuesday, May 13th. They set an “outperform” rating and a $41.00 price objective on the stock. Rosenblatt Securities lowered their target price on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group downgraded shares of Super Micro Computer from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $45.63.

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.