Clear Street Derivatives LLC Makes New $6.86 Million Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Clear Street Derivatives LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 225,000 shares of the company’s stock, valued at approximately $6,858,000. Super Micro Computer makes up approximately 0.1% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 18th biggest position.

Other institutional investors have also bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter worth $30,000. Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust grew its position in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC raised its position in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after acquiring an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $31,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Down 1.2 %

Shares of SMCI stock opened at $32.55 on Thursday. The firm has a market cap of $19.43 billion, a P/E ratio of 16.34 and a beta of 1.36. The business has a 50-day moving average price of $35.59 and a two-hundred day moving average price of $35.44. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40.

Super Micro Computer (NASDAQ:SMCI) last released 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 firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. Equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company’s stock.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of recent research reports. Northland Securities set a $59.00 target price on Super Micro Computer in a research report on Wednesday. Mizuho set a $34.00 price objective on shares of Super Micro Computer in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday. Finally, The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their target price for the company from $40.00 to $32.00 in a report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and a consensus target price of $45.53.

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.