Massmutual Trust Co. FSB ADV Acquires 48 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Massmutual Trust Co. FSB ADV raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 72.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114 shares of the company’s stock after purchasing an additional 48 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Super Micro Computer were worth $115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SMCI. Rise Advisors LLC bought a new stake in shares of Super Micro Computer in the first quarter valued at about $170,000. GAMMA Investing LLC raised its holdings in shares of Super Micro Computer by 66.8% in the first quarter. GAMMA Investing LLC now owns 327 shares of the company’s stock valued at $330,000 after acquiring an additional 131 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Super Micro Computer by 482.6% in the first quarter. Los Angeles Capital Management LLC now owns 33,675 shares of the company’s stock valued at $34,013,000 after acquiring an additional 27,895 shares in the last quarter. Lake Hills Wealth Management LLC bought a new position in Super Micro Computer in the first quarter worth about $1,575,000. Finally, Versant Capital Management Inc raised its holdings in Super Micro Computer by 42.9% in the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after purchasing an additional 15 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Super Micro Computer

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

Super Micro Computer Trading Down 1.3 %

Shares of NASDAQ:SMCI opened at $905.26 on Friday. Super Micro Computer, Inc. has a 12-month low of $213.08 and a 12-month high of $1,229.00. The company has a market capitalization of $50.63 billion, a PE ratio of 50.74, a PEG ratio of 0.83 and a beta of 1.23. The business has a 50 day moving average of $837.95 and a two-hundred day moving average of $722.27. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.96 billion. As a group, analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on SMCI shares. KeyCorp started coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. 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. Wedbush boosted their price target on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group dropped their price target on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Finally, Loop Capital boosted their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $954.38.

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.