SG Americas Securities LLC Purchases 476 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

SG Americas Securities LLC lifted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,670 shares of the company’s stock after acquiring an additional 476 shares during the period. SG Americas Securities LLC’s holdings in Super Micro Computer were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMCI. Sound Income Strategies LLC bought a new stake in Super Micro Computer in the third quarter worth approximately $25,000. Allworth Financial LP acquired a new position in shares of Super Micro Computer during the 3rd quarter valued at $27,000. Optimum Investment Advisors bought a new position in Super Micro Computer during the fourth quarter worth $28,000. First Horizon Advisors Inc. acquired a new stake in Super Micro Computer in the third quarter worth $39,000. Finally, Anchor Investment Management LLC bought a new stake in Super Micro Computer in the fourth quarter valued at $48,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders sold 35,289 shares of company stock valued at $30,197,681 in the last three months. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $1,023.29 on Thursday. The business’s fifty day simple moving average is $820.17 and its 200 day simple moving average is $468.46. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. Super Micro Computer, Inc. has a 12 month low of $93.19 and a 12 month high of $1,229.00. The firm has a market capitalization of $57.23 billion, a P/E ratio of 79.88, a price-to-earnings-growth ratio of 0.95 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business’s revenue for the quarter was up 103.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.09 EPS. As a group, analysts anticipate that Super Micro Computer, Inc. will post 19.66 EPS for the current year.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of research analyst reports. Wells Fargo & Company started coverage on Super Micro Computer in a research report on Friday, February 16th. They issued an “equal weight” rating and a $960.00 target price for the company. Wedbush lifted their price target on shares of Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Susquehanna boosted their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday. They issued an “overweight” rating and a $1,150.00 price objective on the stock. Finally, Argus started coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of “Moderate Buy” and an average target price of $865.23.

Super Micro Computer 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.