Allspring Global Investments Holdings LLC Acquires 6,679 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Allspring Global Investments Holdings LLC raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 108.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,861 shares of the company’s stock after acquiring an additional 6,679 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Super Micro Computer were worth $3,656,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in Super Micro Computer by 56,764.2% in 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 buying an additional 1,319,768 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Super Micro Computer during the 3rd quarter valued at $140,751,000. Millennium Management LLC grew its position in Super Micro Computer by 379.5% during the 2nd quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock worth $24,586,000 after acquiring an additional 482,230 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Super Micro Computer by 4,603.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 471,840 shares of the company’s stock worth $826,000 after purchasing an additional 461,808 shares in the last quarter. Finally, FMR LLC raised its position in Super Micro Computer by 161.2% in the third quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after purchasing an additional 295,835 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $713.65 on Friday. The stock has a market capitalization of $39.91 billion, a price-to-earnings ratio of 55.71, a PEG ratio of 0.82 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. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The stock’s 50 day moving average price is $956.38 and its two-hundred day moving average price is $547.85.

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 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 analyst estimates of $2.80 billion. During the same period in the prior year, the firm earned $3.09 earnings per share. Super Micro Computer’s revenue was up 103.0% on a year-over-year basis. On average, equities analysts predict that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Bank of America boosted their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. The Goldman Sachs Group assumed coverage on shares of Super Micro Computer in a research note on Monday, March 4th. They set a “neutral” rating and a $941.00 price target for the company. Loop Capital boosted their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday. Wedbush raised their target price on Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Finally, Barclays lifted their target price on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $949.85.

Insider Activity

In related news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 2,714 shares of the company’s stock, valued at approximately $1,292,135.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the transaction, the director now directly owns 20,087 shares in the company, valued at $10,846,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the completion of the sale, the director now owns 2,714 shares in the company, valued at approximately $1,292,135.40. The disclosure for this sale can be found here. Insiders sold a total of 34,989 shares of company stock worth $30,113,681 in the last three months. 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.