13,176 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Blair William & Co. IL

Blair William & Co. IL acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 13,176 shares of the company’s stock, valued at approximately $451,000.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Super Micro Computer by 20.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 48,396 shares of the company’s stock worth $1,657,000 after buying an additional 8,148 shares in the last quarter. Blueshift Asset Management LLC lifted its holdings in Super Micro Computer by 56.1% during the 1st quarter. Blueshift Asset Management LLC now owns 12,613 shares of the company’s stock worth $432,000 after buying an additional 4,532 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Super Micro Computer by 69.9% during the 1st quarter. Moors & Cabot Inc. now owns 66,733 shares of the company’s stock worth $2,285,000 after buying an additional 27,463 shares in the last quarter. US Bancorp DE lifted its holdings in Super Micro Computer by 36.2% during the 1st quarter. US Bancorp DE now owns 39,307 shares of the company’s stock worth $1,346,000 after buying an additional 10,444 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Super Micro Computer by 779.0% during the 1st quarter. Harbour Investments Inc. now owns 23,646 shares of the company’s stock worth $810,000 after buying an additional 20,956 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

SMCI has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Super Micro Computer from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Mizuho increased their target price on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. Bank of America initiated coverage on shares of Super Micro Computer in a report on Wednesday, July 9th. They issued an “underperform” rating and a $35.00 price objective on the stock. Barclays raised their price objective on shares of Super Micro Computer from $29.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. Finally, Rosenblatt Securities reduced their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $44.75.

Super Micro Computer Trading Up 1.3%

NASDAQ SMCI opened at $45.20 on Tuesday. 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 company has a market capitalization 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, Inc. has a 12 month low of $17.25 and a 12 month high of $66.44. The firm’s fifty day moving average price is $48.69 and its 200 day moving average price is $41.71.

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

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction 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 transaction, the director directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the sale, the chief executive officer directly owned 66,903,640 shares in the company, 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. Over the last three months, insiders have sold 1,067,000 shares of company stock worth $53,949,340. 16.30% of the stock is owned by company insiders.

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.