G2 Investment Partners Management LLC Has $1.31 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

G2 Investment Partners Management LLC increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 298.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 42,916 shares of the company’s stock after purchasing an additional 32,140 shares during the period. G2 Investment Partners Management LLC’s holdings in Super Micro Computer were worth $1,308,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wahed Invest LLC lifted its holdings in shares of Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock worth $377,000 after buying an additional 352 shares during the last quarter. Shelton Capital Management boosted its position in shares of Super Micro Computer by 6.5% during the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company’s stock valued at $240,000 after acquiring an additional 480 shares in the last quarter. AlphaQuest LLC increased its stake in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company’s stock valued at $33,000 after acquiring an additional 762 shares during the period. Blue Trust Inc. raised its position in Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock worth $38,000 after purchasing an additional 825 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its stake in Super Micro Computer by 103.6% during the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company’s stock worth $52,000 after purchasing an additional 865 shares during the period. Institutional investors own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SMCI. Mizuho set a $34.00 target price on Super Micro Computer in a report on Tuesday. Rosenblatt Securities dropped their price objective on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday. KGI Securities assumed coverage on Super Micro Computer in a report on Wednesday. They set a “neutral” rating for the company. JPMorgan Chase & Co. lowered their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average price target of $45.53.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI opened at $32.11 on Friday. The company has a market capitalization of $19.16 billion, a price-to-earnings ratio of 16.12 and a beta of 1.36. The firm’s 50 day simple moving average is $35.51 and its 200 day simple moving average is $35.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. As a group, sell-side analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company’s stock.

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.