Blair William & Co. IL Buys New Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Blair William & Co. IL bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,176 shares of the company’s stock, valued at approximately $451,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its position in Super Micro Computer by 1.3% during the first 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 raised its position in shares of Super Micro Computer by 2.9% in the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock worth $377,000 after acquiring an additional 352 shares during the period. Victory Capital Management Inc. raised its position in shares of Super Micro Computer by 0.3% in the first quarter. Victory Capital Management Inc. now owns 162,589 shares of the company’s stock worth $5,567,000 after acquiring an additional 457 shares during the period. IMG Wealth Management Inc. raised its position 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 acquiring an additional 500 shares during the period. Finally, Wedbush Securities Inc. raised its position in shares of Super Micro Computer by 7.9% in the first quarter. Wedbush Securities Inc. now owns 8,955 shares of the company’s stock worth $307,000 after acquiring an additional 655 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $45.20 on Tuesday. The firm has a 50 day simple moving average of $48.69 and a 200-day simple moving average of $41.71. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $66.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.32 and a quick ratio of 3.32. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The firm had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same period last year, the company earned $6.25 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of analyst reports. Citigroup reiterated a “neutral” rating and issued a $52.00 price objective (up previously from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Needham & Company LLC upped their price objective on shares of Super Micro Computer from $39.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. 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. Barclays upped their price objective on shares of Super Micro Computer from $29.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Super Micro Computer from $24.00 to $27.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.75.

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 shares were 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 $3,900,127.98. This represents a 43.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Charles Liang sold 200,000 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the transaction, the chief executive officer directly owned 40,426,120 shares of the company’s stock, valued at $2,425,567,200. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,067,000 shares of company stock valued at $53,949,340 in the last 90 days. Company insiders own 16.30% of the company’s stock.

Super Micro Computer Company Profile

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.