Xponance Inc. Acquires 180 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Xponance Inc. raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,911 shares of the company’s stock after acquiring an additional 180 shares during the quarter. Xponance Inc.’s holdings in Super Micro Computer were worth $1,965,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of SMCI. Allworth Financial LP bought a new position in shares of Super Micro Computer during the 3rd quarter worth $27,000. Optimum Investment Advisors bought a new position in shares of Super Micro Computer during the 4th quarter worth $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Super Micro Computer during the 4th quarter worth $30,000. First Horizon Advisors Inc. bought a new position in shares of Super Micro Computer during the 3rd quarter worth $39,000. Finally, UMB Bank n.a. boosted its position in Super Micro Computer by 216.3% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the company’s stock valued at $44,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Bank of America raised their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Barclays raised their price objective on Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. The Goldman Sachs Group assumed coverage on Super Micro Computer in a research report on Monday, March 4th. They set a “neutral” rating and a $941.00 price objective on the stock. Wells Fargo & Company assumed coverage on Super Micro Computer in a research report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price objective on the stock. Finally, Susquehanna increased their price target on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $949.85.

Super Micro Computer Stock Up 6.3 %

SMCI opened at $761.86 on Wednesday. The business has a 50 day moving average price of $954.67 and a two-hundred day moving average price of $558.04. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company has a market cap of $42.61 billion, a PE ratio of 59.47, a P/E/G ratio of 0.63 and a beta of 1.28. Super Micro Computer, Inc. has a 52 week low of $93.19 and a 52 week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.09 EPS. As a group, research analysts anticipate that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

Insider Buying and Selling at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $476.10, for a total value of $458,008.20. Following the transaction, the director now directly owns 2,714 shares of the company’s stock, valued at approximately $1,292,135.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,989 shares of company stock worth $30,113,681. 17.60% of the stock is owned by insiders.

Super Micro Computer 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.