Nissay Asset Management Corp Japan ADV Has $2.11 Million Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Nissay Asset Management Corp Japan ADV boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 462.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 66,072 shares of the company’s stock after buying an additional 54,321 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Super Micro Computer were worth $2,113,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Wahed Invest LLC raised its holdings in Super Micro Computer by 2.9% during the 4th 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 period. Shelton Capital Management raised its holdings in shares of Super Micro Computer by 6.5% in the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company’s stock valued at $240,000 after purchasing an additional 480 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of 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 purchasing an additional 762 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after purchasing an additional 825 shares during the last quarter. Finally, Montag A & Associates Inc. raised its holdings in shares of Super Micro Computer by 103.6% in the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company’s stock valued at $52,000 after purchasing an additional 865 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents a 78.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Trading Up 5.0%

SMCI stock opened at $46.15 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a fifty day moving average price of $35.68 and a two-hundred day moving average price of $35.06. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The stock has a market cap of $27.54 billion, a price-to-earnings ratio of 23.17 and a beta of 1.36.

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 analysts’ consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the previous year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SMCI. KGI Securities began coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They issued a “neutral” rating on the stock. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. Citigroup began coverage on shares of Super Micro Computer in a report on Tuesday, May 6th. They issued a “neutral” rating and a $39.00 price objective on the stock. Raymond James began coverage on shares of Super Micro Computer in a report on Tuesday, May 13th. They issued an “outperform” rating and a $41.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.25.

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.