Asset Management One Co. Ltd. Acquires 16,835 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Asset Management One Co. Ltd. boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 10.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,240 shares of the company’s stock after acquiring an additional 16,835 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Super Micro Computer were worth $6,343,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wahed Invest LLC grew its holdings in Super Micro Computer by 2.9% during the 4th 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 last quarter. Shelton Capital Management grew its holdings in Super Micro Computer by 6.5% during the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company’s stock worth $240,000 after acquiring an additional 480 shares during the last quarter. AlphaQuest LLC grew its holdings in Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company’s stock worth $33,000 after acquiring an additional 762 shares during the last quarter. Griffith & Werner Inc. boosted its stake in shares of Super Micro Computer by 3.6% in the 1st quarter. Griffith & Werner Inc. now owns 23,786 shares of the company’s stock valued at $814,000 after purchasing an additional 820 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Super Micro Computer by 902.0% in 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 last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Trading Down 3.4%

SMCI opened at $47.58 on Friday. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $96.33. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The company has a market cap of $28.40 billion, a P/E ratio of 25.03 and a beta of 1.40. The company has a fifty day moving average price of $39.89 and a two-hundred day moving average price of $37.55.

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

Insiders Place Their Bets

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company’s stock in a transaction on 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 transaction, the director now owns 66,903,640 shares in the company, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the transaction, the chief financial officer now owns 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 667,000 shares of company stock worth $29,949,340. Insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SMCI. Mizuho set a $40.00 price objective on shares of Super Micro Computer and gave the company a “neutral” rating in a research note on Monday, May 19th. Wall Street Zen raised shares of Super Micro Computer to a “sell” rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Raymond James Financial began coverage on shares of Super Micro Computer in a research note on Wednesday. They issued an “outperform” rating on the stock. Finally, Wedbush reaffirmed a “buy” rating on shares of Super Micro Computer in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $45.63.

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.