Annex Advisory Services LLC Acquires 30,000 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Annex Advisory Services LLC lifted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 13.6% in the first quarter, HoldingsChannel reports. The fund owned 250,073 shares of the company’s stock after buying an additional 30,000 shares during the period. Annex Advisory Services LLC’s holdings in Super Micro Computer were worth $8,562,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after acquiring an additional 11,580,677 shares during the last quarter. FMR LLC bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $292,869,000. Invesco Ltd. lifted its holdings in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after acquiring an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after acquiring an additional 4,605,260 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several analyst reports. KGI Securities initiated coverage on shares of Super Micro Computer in a research note on Wednesday, May 7th. They issued a “neutral” rating on the stock. Raymond James initiated coverage on shares of Super Micro Computer in a research note on Tuesday, May 13th. They issued an “outperform” rating and a $41.00 target price on the stock. Wedbush reaffirmed a “neutral” rating and issued a $30.00 target price (down from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. JPMorgan Chase & Co. decreased their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Finally, Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.63.

Insider Activity

In related news, CFO David E. Weigand sold 67,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the transaction, the chief financial officer now owns 88,599 shares in the company, valued at $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $44.13 on Thursday. The stock has a market capitalization of $26.34 billion, a P/E ratio of 22.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The company’s 50-day moving average is $36.29 and its 200 day moving average is $36.61.

Super Micro Computer (NASDAQ:SMCI) last posted 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. 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 for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, sell-side analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current 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.