888 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 888 shares of the company’s stock, valued at approximately $252,000.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of Super Micro Computer during the third quarter worth about $27,000. Optimum Investment Advisors acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $30,000. First Horizon Advisors Inc. acquired a new position in shares of Super Micro Computer during the third quarter worth approximately $39,000. Finally, UMB Bank n.a. boosted its position in shares of Super Micro Computer by 216.3% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the company’s stock worth $44,000 after buying an additional 106 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the company’s stock in a transaction on Monday, January 29th. The shares were 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 $1,292,135.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock worth $30,113,681 over the last quarter. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Up 0.5 %

Shares of SMCI opened at $717.02 on Tuesday. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. Super Micro Computer, Inc. has a 1-year low of $93.19 and a 1-year high of $1,229.00. The stock has a market capitalization of $40.10 billion, a P/E ratio of 55.97, a P/E/G ratio of 0.63 and a beta of 1.28. The business’s 50-day moving average price is $955.26 and its 200 day moving average price is $554.71.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the firm posted $3.09 earnings per share. The firm’s quarterly revenue was up 103.0% compared to the same quarter last year. Analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on SMCI shares. Rosenblatt Securities lifted their target price on Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. initiated coverage on shares of Super Micro Computer in a report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price objective for the company. Loop Capital increased 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 report on Tuesday, April 16th. Wells Fargo & Company began coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price target on the stock. Finally, Wedbush increased their price objective on shares of Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $949.85.

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.