Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by 1832 Asset Management L.P.

1832 Asset Management L.P. grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 797.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,025 shares of the company’s stock after acquiring an additional 47,118 shares during the period. 1832 Asset Management L.P. owned about 0.09% of Super Micro Computer worth $53,557,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. International Assets Investment Management LLC raised its holdings in shares of Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after acquiring an additional 1,319,768 shares during the period. GQG Partners LLC bought a new stake in Super Micro Computer in the first quarter worth approximately $1,325,466,000. Vanguard Group Inc. boosted its holdings in shares of Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after buying an additional 1,265,542 shares during the period. Norges Bank bought a new stake in shares of Super Micro Computer during the 4th quarter worth $95,211,000. Finally, Wolf Hill Capital Management LP bought a new stake in shares of Super Micro Computer during the 4th quarter worth $77,996,000. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded up $16.58 during trading on Friday, reaching $712.19. The company’s stock had a trading volume of 4,382,184 shares, compared to its average volume of 6,271,515. The business’s 50-day moving average price is $837.57 and its 200-day moving average price is $819.96. The firm has a market cap of $39.83 billion, a PE ratio of 39.92, a P/E/G ratio of 0.44 and a beta of 1.27. Super Micro Computer, Inc. has a 52 week low of $226.59 and a 52 week high of $1,229.00. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 EPS 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 the consensus estimate of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. Equities analysts forecast that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 sale, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tally C. Liu sold 500 shares of the company’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 sale, the director now owns 27,813 shares in the company, valued at $23,339,835.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,325 shares of company stock valued at $1,116,736. 17.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SMCI. Loop Capital upped their target price on shares of 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. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Wells Fargo & Company decreased their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average price target of $999.92.

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.