250 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Bought by Ballentine Partners LLC

Ballentine Partners LLC purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 250 shares of the company’s stock, valued at approximately $253,000.

Other large investors also recently bought and sold shares of the company. Gulf International Bank UK Ltd increased its position in Super Micro Computer by 2.8% during the first quarter. Gulf International Bank UK Ltd now owns 4,795 shares of the company’s stock valued at $4,843,000 after acquiring an additional 129 shares during the last quarter. Optimum Investment Advisors increased its position in Super Micro Computer by 986.0% during the first quarter. Optimum Investment Advisors now owns 1,086 shares of the company’s stock valued at $1,097,000 after acquiring an additional 986 shares during the last quarter. BTC Capital Management Inc. bought a new position in Super Micro Computer during the first quarter valued at $656,000. Gunderson Capital Management Inc. bought a new position in Super Micro Computer during the first quarter valued at $3,353,000. Finally, Park Avenue Securities LLC bought a new position in Super Micro Computer during the first quarter valued at $690,000. Institutional investors own 84.06% of the company’s stock.

Insiders Place Their Bets

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated 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 directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following 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 SEC, which is accessible through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the transaction, the director now owns 3,459 shares in the company, valued at approximately $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. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Stock Down 1.4 %

NASDAQ:SMCI opened at $831.16 on Thursday. The firm has a market cap of $46.49 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 0.76 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The company has a 50-day moving average of $831.60 and a 200 day moving average of $737.50. Super Micro Computer, Inc. has a 1-year low of $218.51 and a 1-year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last announced its 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. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. As a group, research analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SMCI shares. KeyCorp started coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Wells Fargo & Company lowered their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. Finally, Wedbush boosted their target price on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $954.38.

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.