Carl P. Sherr & Co. LLC Acquires Shares of 1,661 Super Micro Computer, Inc. (NASDAQ:SMCI)

Carl P. Sherr & Co. LLC acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,661 shares of the company’s stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMCI. International Assets Investment Management LLC lifted its holdings in shares of 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 acquiring an additional 1,319,768 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Super Micro Computer in the third quarter valued at $140,751,000. Millennium Management LLC increased its stake in shares of Super Micro Computer by 379.5% in the second quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock valued at $24,586,000 after buying an additional 482,230 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Super Micro Computer by 4,603.3% in the first quarter. Envestnet Asset Management Inc. now owns 471,840 shares of the company’s stock valued at $826,000 after buying an additional 461,808 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Super Micro Computer by 161.2% in the third quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after buying an additional 295,835 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Trading Down 0.3 %

Shares of SMCI stock traded down $3.30 on Wednesday, reaching $973.00. The company had a trading volume of 3,802,690 shares, compared to its average volume of 9,850,516. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The stock has a market cap of $54.42 billion, a PE ratio of 75.18, a PEG ratio of 0.78 and a beta of 1.28. The company has a 50-day moving average of $946.77 and a 200-day moving average of $539.27. Super Micro Computer, Inc. has a 12 month low of $93.19 and a 12 month high of $1,229.00.

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

Insider Activity

In other news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now directly owns 20,087 shares of the company’s stock, valued at approximately $10,846,980. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Sherman Tuan sold 5,000 shares of the business’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 value of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the transaction, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The disclosure for this sale can be found here. Insiders sold a total of 34,989 shares of company stock valued at $30,113,681 in the last ninety days. 17.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SMCI. The Goldman Sachs Group began coverage on Super Micro Computer in a research note on Monday, March 4th. They issued a “neutral” rating and a $941.00 target price for the company. Rosenblatt Securities raised their target price on Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. began coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 target price for the company. Loop Capital raised their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wedbush lifted their price objective on Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer has a consensus rating of “Moderate Buy” and an average 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.