Vanguard Group Inc. Purchases 194,700 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Vanguard Group Inc. increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,929,065 shares of the company’s stock after acquiring an additional 194,700 shares during the period. Vanguard Group Inc. owned about 8.81% of Super Micro Computer worth $1,401,136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after buying an additional 1,319,768 shares during the period. Norges Bank acquired a new position in shares of Super Micro Computer in the 4th quarter valued at about $95,211,000. FMR LLC lifted its stake in shares of Super Micro Computer by 161.2% in the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after purchasing an additional 295,835 shares during the period. Wolf Hill Capital Management LP acquired a new position in shares of Super Micro Computer in the 4th quarter valued at about $77,996,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at about $55,943,000. Institutional investors own 84.06% of the company’s stock.

Insider Buying and Selling

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,325 shares of company stock worth $1,116,736. Corporate insiders own 17.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Loop Capital boosted their price objective on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. KeyCorp assumed coverage on Super Micro Computer in a research note on Wednesday, April 24th. They set a “sector weight” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 1st. Argus assumed coverage on Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target on the stock. Finally, Northland Securities boosted their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Trading Up 3.7 %

NASDAQ:SMCI opened at $920.01 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. Super Micro Computer, Inc. has a 1 year low of $213.08 and a 1 year high of $1,229.00. The company has a market cap of $51.46 billion, a P/E ratio of 51.57, a P/E/G ratio of 0.83 and a beta of 1.23. The stock’s fifty day moving average price is $837.98 and its two-hundred day moving average price is $715.00.

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

About Super Micro Computer

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.