GAMMA Investing LLC Has $330,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

GAMMA Investing LLC lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 66.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 327 shares of the company’s stock after purchasing an additional 131 shares during the quarter. GAMMA Investing LLC’s holdings in Super Micro Computer were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janney Montgomery Scott LLC raised its stake in shares of Super Micro Computer by 52.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 3,721 shares of the company’s stock valued at $1,020,000 after acquiring an additional 1,278 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Super Micro Computer in the third quarter worth $331,000. PNC Financial Services Group Inc. boosted its holdings in shares of Super Micro Computer by 86.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,028 shares of the company’s stock worth $556,000 after buying an additional 938 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Super Micro Computer in the 3rd quarter valued at $769,000. Finally, Korea Investment CORP acquired a new position in Super Micro Computer in the 3rd quarter valued at $1,025,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $920.01 on Thursday. The company has a market capitalization of $51.46 billion, a price-to-earnings ratio of 51.57, a PEG ratio of 0.83 and a beta of 1.23. The company has a 50-day moving average of $837.98 and a 200-day moving average of $715.00. Super Micro Computer, Inc. has a 52 week low of $213.08 and a 52 week high of $1,229.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. As a group, equities research analysts anticipate that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several research analyst reports. Loop Capital raised their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Northland Securities lifted their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Argus assumed coverage on Super Micro Computer in a research report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective for the company. Bank of America boosted their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Wedbush increased their price target on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $954.38.

Insider Activity at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares in the company, valued at $15,147,374. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the sale, the director now owns 27,813 shares in the company, valued at approximately $23,339,835.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock valued at $1,116,736 in the last 90 days. 17.60% of the stock is owned by corporate 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.