Dimensional Fund Advisors LP Buys Shares of 294,982 Super Micro Computer, Inc. (NASDAQ:SMCI)

Dimensional Fund Advisors LP bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 294,982 shares of the company’s stock, valued at approximately $8,991,000.

Several other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC increased its position in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after purchasing an additional 893 shares during the period. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer in the 4th quarter worth $30,000. Trust Co. of Vermont lifted its position in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in Super Micro Computer during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $32.02 on Friday. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $101.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a 50-day moving average of $35.37 and a two-hundred day moving average of $35.17. The stock has a market cap of $19.11 billion, a P/E ratio of 16.07 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. On average, research analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SMCI. The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Barclays reissued an “equal weight” rating and issued a $34.00 price objective on shares of Super Micro Computer in a research note on Tuesday. Citigroup began coverage on Super Micro Computer in a research report on Tuesday. They set a “neutral” rating and a $39.00 price objective on the stock. Rosenblatt Securities decreased their price objective on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and an average target price of $45.53.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by corporate insiders.

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.