Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 3.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,800 shares of the company’s stock after buying an additional 136 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Super Micro Computer were worth $1,080,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Super Micro Computer during the fourth quarter worth about $252,000. Tradewinds Capital Management LLC raised its holdings in Super Micro Computer by 13.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 3,191 shares of the company’s stock worth $907,000 after purchasing an additional 366 shares in the last quarter. Geneva Partners LLC purchased a new position in Super Micro Computer during the fourth quarter worth about $881,000. Knights of Columbus Asset Advisors LLC raised its holdings in Super Micro Computer by 102.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 12,052 shares of the company’s stock worth $3,426,000 after purchasing an additional 6,108 shares in the last quarter. Finally, Xponance Inc. raised its holdings in Super Micro Computer by 2.7% during the fourth quarter. Xponance Inc. now owns 6,911 shares of the company’s stock worth $1,965,000 after purchasing an additional 180 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SMCI has been the subject of several analyst reports. Rosenblatt Securities increased their price target on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Northland Securities increased their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Susquehanna increased their target price on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a report on Tuesday, January 30th. KeyCorp assumed coverage on shares of Super Micro Computer in a report on Wednesday. They issued a “sector weight” rating for the company. Finally, Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a report on Friday, February 16th. They issued an “equal weight” rating and a $960.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $949.85.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,989 shares of company stock worth $30,113,681. 17.60% of the stock is owned by insiders.

Super Micro Computer Stock Up 4.3 %

SMCI stock opened at $787.40 on Friday. The company’s 50 day simple moving average is $947.82 and its 200-day simple moving average is $560.99. The firm has a market capitalization of $44.04 billion, a PE ratio of 61.47, a P/E/G ratio of 0.67 and a beta of 1.28. Super Micro Computer, Inc. has a 12 month low of $93.34 and a 12 month high of $1,229.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

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

About Super Micro Computer

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.