Inspire Investing LLC acquired a new position in the shares of Super Micro Computer, Inc. (NASDAQ: SMCI – Get Rating) in the 1st quarter, Holdings Channel.com reports. The company acquired 6,174 shares of the company’s stock, valued at approximately $ 235,000.
Some of the other hedge funds have also recently restructured their SMCI assets. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Super Micro Computer shares by 68.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp. now owns 3,700 shares of the company’s stock worth $ 163,000 after buying an additional 1,500 shares during that period. Zurcher Kantonalbank Zurich Cantonalbank increased its assets in Super Micro Computer shares by 10.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,815 shares of the company’s stock valued at $ 183,000 after purchasing an additional 459 shares over the period. Cornerstone Investment Partners LLC purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $ 204,000. Allianz Asset Management GmbH purchased a new position in Super Micro Computer shares in the fourth quarter valued at an estimated $ 224,000. Finally, Lazard Asset Management LLC increased its holdings in shares of Super Micro Computer by 22.6% in the fourth quarter. Lazard Asset Management LLC now owns 5,542 shares of the company’s stock valued at $ 243,000 after purchasing an additional 1,022 shares over the period. Hedge funds and other institutional investors own 69.00% of the company’s stock.
Several brokerages have recently commented on SMCI. StockNews.com began covering shares of Super Micro Computer in a report on Thursday, March 31. They placed a “hold” rating on the stock. Northland Securities raised their price target on Super Micro Computer shares from $ 70.00 to $ 85.00 in a research note on Wednesday, May 4. Finally, Loop Capital raised their price target on Super Micro Computer shares. Micro Computer from $ 60.00 to $ 100.00 on a research note on Wednesday, May 4th.
NASDAQ shares: SMCI opened at $ 40.46 on Friday. The company’s 50 day simple moving average is $ 47.50 and its 200 day simple moving average is $ 43.33. The stock has a market capitalization of $ 2.10 billion, price-to-earnings ratio of 11.80 and beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and an immediate ratio of 0.73. Super Micro Computer, Inc. has a 1 -year minimum of $ 32.88 and a 1 -year high of $ 58.34.
Super Micro Computer (NASDAQ: SMCI – Get Rating) last released their quarterly earnings data on Tuesday, May 3. The company reported $ 1.45 earnings per share (EPS) for the quarter, beating analyst estimates that $ 1.27 to $ 0.18. The business had revenue of $ 1.36 billion for the quarter, compared to analysts ’expectations of $ 1.26 billion. Super Micro Computer has a net margin of 3.96% and a return on equity of 15.92%. The company’s quarterly revenue rose 51.3% compared to the same quarter last year. In the same period last year, the company posted $ 0.39 earnings per share. As a group, analysts expect Super Micro Computer, Inc. will post 4.04 EPS for the current financial year.
In other Super Micro Computer news, CEO Charles Liang sold 5,388 shares of the company’s stock in a transaction that occurred on Tuesday, April 19. The shares were sold at an average price of $ 42.00, for a total value of $ 226,296.00. . Following the sale, the chief executive officer now owns 45,305 shares in the company, valued at $ 1,902,810. The sale is disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this link. Also, Director Sherman Tuan sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 13. The shares were sold at an average price of $ 51.95, for a total transaction of $ 519,500.00. Following the completion of the sale, the director now owns 24,889 shares in the company, valued at approximately $ 1,292,983.55. The disclosure of this sale can be found here. Company insiders own 14.50% of the company’s stock.
Super Micro Computer Company Profile (Get a Rating)
Super Micro Computer, Inc., along with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services.
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