Park Avenue Securities LLC Acquires New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Park Avenue Securities LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 683 shares of the company’s stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of New Hampshire bought a new stake in shares of Super Micro Computer in the 1st quarter worth approximately $35,000. Czech National Bank bought a new position in shares of Super Micro Computer during the first quarter worth about $8,950,000. Fulton Bank N.A. acquired a new stake in shares of Super Micro Computer in the 1st quarter worth about $410,000. MADDEN SECURITIES Corp bought a new stake in Super Micro Computer in the 1st quarter valued at about $1,115,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Super Micro Computer by 72.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the company’s stock valued at $115,000 after purchasing an additional 48 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $890.36 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The company has a market capitalization of $49.80 billion, a PE ratio of 49.91, a price-to-earnings-growth ratio of 0.76 and a beta of 1.23. The stock has a fifty day moving average of $830.84 and a 200-day moving average of $738.56. Super Micro Computer, Inc. has a one year low of $220.29 and a one year high of $1,229.00.

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

Insider Activity

In related news, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tally C. Liu sold 500 shares of the business’s 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 transaction, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The disclosure for this sale can be found here. Insiders have sold 1,325 shares of company stock worth $1,116,736 over the last 90 days. 17.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SMCI shares. The Goldman Sachs Group cut their price target on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Argus initiated coverage on Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price target for the company. Wedbush upped their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Northland Securities raised their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Finally, Loop Capital upped their price target on shares of 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.