Sumitomo Mitsui Trust Holdings Inc. Grows Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,098 shares of the company’s stock after acquiring an additional 5,237 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Super Micro Computer were worth $107,162,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Shilanski & Associates Inc. lifted its stake in Super Micro Computer by 2.7% during the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after acquiring an additional 134 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Super Micro Computer by 482.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 33,675 shares of the company’s stock valued at $34,013,000 after acquiring an additional 27,895 shares in the last quarter. Truist Financial Corp bought a new position in Super Micro Computer during the 4th quarter valued at $739,000. Geneos Wealth Management Inc. lifted its stake in Super Micro Computer by 154.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock valued at $1,344,000 after acquiring an additional 2,870 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Super Micro Computer by 54.8% during the 4th quarter. Pacer Advisors Inc. now owns 10,038 shares of the company’s stock valued at $2,853,000 after acquiring an additional 3,554 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. Insiders sold 1,325 shares of company stock valued at $1,116,736 in the last quarter. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Trading Up 1.2 %

Shares of SMCI opened at $847.00 on Thursday. The business has a 50-day moving average of $838.21 and a 200 day moving average of $757.15. Super Micro Computer, Inc. has a fifty-two week low of $226.59 and a fifty-two week high of $1,229.00. The firm has a market cap of $47.37 billion, a P/E ratio of 47.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. As a group, research analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SMCI shares. KeyCorp assumed coverage on Super Micro Computer in a research note on Wednesday, April 24th. They set a “sector weight” rating on the stock. Wells Fargo & Company lowered their target price on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Wedbush lifted their target price on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group lowered their target price on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Finally, Northland Securities lifted their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer 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.