Family Management Corp Buys New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Family Management Corp purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 20,000 shares of the company’s stock, valued at approximately $610,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SMCI. GAMMA Investing LLC boosted its position in shares of Super Micro Computer by 1,160.6% during the 4th quarter. GAMMA Investing LLC now owns 6,341 shares of the company’s stock valued at $193,000 after purchasing an additional 5,838 shares in the last quarter. Czech National Bank boosted its holdings in shares of Super Micro Computer by 963.7% during the 4th quarter. Czech National Bank now owns 109,175 shares of the company’s stock worth $3,328,000 after buying an additional 98,911 shares in the last quarter. Brookstone Capital Management grew its position in shares of Super Micro Computer by 930.2% during the 4th quarter. Brookstone Capital Management now owns 6,995 shares of the company’s stock worth $213,000 after buying an additional 6,316 shares during the period. Kieckhefer Group LLC bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $43,000. Finally, Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Buying and Selling at Super Micro Computer

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

Super Micro Computer Stock Down 1.2 %

Super Micro Computer stock opened at $32.55 on Thursday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $19.43 billion, a P/E ratio of 16.34 and a beta of 1.36. The firm has a 50 day moving average price of $35.59 and a 200-day moving average price of $35.44. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. As a group, equities analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $39.00 price target on shares of Super Micro Computer in a report on Wednesday. The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Barclays reaffirmed an “equal weight” rating and set a $34.00 price target on shares of Super Micro Computer in a research note on Tuesday. StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Finally, Mizuho set a $34.00 price objective on Super Micro Computer in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.