11,019 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Nicholas Investment Partners LP

Nicholas Investment Partners LP acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 11,019 shares of the company’s stock, valued at approximately $336,000.

A number of other institutional investors have also added to or reduced their stakes in SMCI. Vanguard Group Inc. grew its holdings in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after buying an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC grew its holdings in Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new stake in Super Micro Computer during the 4th quarter valued at approximately $292,869,000. Invesco Ltd. grew its holdings in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after buying an additional 4,605,260 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SMCI. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Wedbush reissued a “neutral” rating and issued a $30.00 target price (down from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. KGI Securities initiated coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They issued a “neutral” rating for the company. Barclays reissued an “equal weight” rating and issued a $34.00 target price on shares of Super Micro Computer in a report on Tuesday, May 6th. Finally, Mizuho set a $34.00 target price on shares of Super Micro Computer in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average price target of $45.25.

Insider Activity

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

Super Micro Computer Stock Up 15.7%

NASDAQ SMCI opened at $45.00 on Thursday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $35.44 and a two-hundred day moving average of $35.09. The firm has a market capitalization of $26.86 billion, a price-to-earnings ratio of 22.59 and a beta of 1.36. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. Super Micro Computer’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 earnings per share. On average, analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

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.