3,100 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Geneva Partners LLC

Geneva Partners LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,100 shares of the company’s stock, valued at approximately $881,000.

A number of other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC raised its position in Super Micro Computer by 56,764.2% during 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 during the period. William Blair Investment Management LLC purchased a new stake in shares of Super Micro Computer in the third quarter worth approximately $140,751,000. Millennium Management LLC boosted its holdings in shares of Super Micro Computer by 379.5% during the second quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock worth $24,586,000 after purchasing an additional 482,230 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Super Micro Computer by 4,603.3% during the first 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 during the period. Finally, FMR LLC grew its position in Super Micro Computer by 161.2% during 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 in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the director now 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 a total of 34,989 shares of company stock worth $30,113,681 in the last quarter. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 23.1 %

SMCI traded down $214.83 during mid-day trading on Friday, reaching $713.65. The stock had a trading volume of 17,198,411 shares, compared to its average volume of 9,924,601. The firm’s fifty day simple moving average is $956.38 and its two-hundred day simple moving average is $547.85. 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 has a market capitalization of $39.91 billion, a P/E ratio of 55.71, a P/E/G ratio of 0.85 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.

Super Micro Computer (NASDAQ:SMCI) last posted 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. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company’s revenue for the quarter was up 103.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.09 EPS. On average, equities analysts predict that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

Analysts Set New Price Targets

SMCI has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on shares of Super Micro Computer in a research note on Friday, February 16th. They set an “equal weight” rating and a $960.00 target price for the company. The Goldman Sachs Group initiated coverage on Super Micro Computer in a research note on Monday, March 4th. They issued a “neutral” rating and a $941.00 target price on the stock. Argus initiated coverage on Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target for the company. Loop Capital lifted their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays boosted 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 investment analyst has 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 has a consensus rating of “Moderate Buy” and a consensus target price of $949.85.

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.