M&T Bank Corp Raises Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

M&T Bank Corp grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 44.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,015 shares of the company’s stock after buying an additional 9,479 shares during the period. M&T Bank Corp’s holdings in Super Micro Computer were worth $1,062,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in Super Micro Computer by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company’s stock valued at $854,000 after purchasing an additional 302 shares during the period. Wahed Invest LLC grew its holdings in Super Micro Computer by 2.9% during the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock valued at $377,000 after buying an additional 352 shares in the last quarter. Shelton Capital Management raised its position in shares of Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company’s stock valued at $240,000 after buying an additional 480 shares during the last quarter. IMG Wealth Management Inc. lifted its holdings in shares of Super Micro Computer by 90.7% in the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company’s stock worth $36,000 after buying an additional 500 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of Super Micro Computer by 60.0% during the first quarter. Golden State Wealth Management LLC now owns 1,776 shares of the company’s stock worth $61,000 after acquiring an additional 666 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Trading Up 1.0%

Shares of NASDAQ SMCI opened at $49.73 on Tuesday. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $96.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The company has a market cap of $29.68 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 2.25 and a beta of 1.43. The business’s 50 day moving average price is $43.26 and its 200-day moving average price is $38.75.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. On average, sell-side analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Transactions at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the sale, the chief financial officer owned 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the transaction, the director directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Raymond James Financial began coverage on shares of Super Micro Computer in a report on Wednesday, June 25th. They issued an “outperform” rating on the stock. KGI Securities assumed coverage on Super Micro Computer in a report on Wednesday, May 7th. They issued a “neutral” rating on the stock. Mizuho boosted their target price on Super Micro Computer from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. cut their price target on Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Finally, Bank of America started coverage on Super Micro Computer in a research note on Wednesday, July 9th. They issued an “underperform” rating and a $35.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.47.

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.