Mutual of America Capital Management LLC Buys New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mutual of America Capital Management LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 58,555 shares of the company’s stock, valued at approximately $2,005,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC lifted its stake in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new stake in Super Micro Computer during the fourth quarter valued at about $292,869,000. Invesco Ltd. lifted its stake in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after buying an additional 4,605,260 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO David E. Weigand sold 67,000 shares of the 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 of the company’s stock, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Liang sold 300,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the chief executive officer directly owned 66,903,640 shares of the company’s stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock valued at $29,949,340 in the last ninety days. 17.60% of the stock is owned by insiders.

Super Micro Computer Stock Down 1.9%

Shares of NASDAQ:SMCI opened at $51.77 on Friday. The company’s fifty day moving average is $44.89 and its 200-day moving average is $39.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $80.88. The company has a market capitalization of $30.90 billion, a PE ratio of 27.23, a P/E/G ratio of 2.37 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. Equities research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Super Micro Computer from $35.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday. The Goldman Sachs Group lowered shares of Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Citigroup reissued a “neutral” rating and issued a $52.00 price target (up from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. KGI Securities initiated coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They issued a “neutral” rating for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $42.89.

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.