Sumitomo Mitsui Trust Holdings Inc. Has $90.72 Million Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,716 shares of the company’s stock after buying an additional 4,618 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.20% of Super Micro Computer worth $90,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Super Micro Computer during the 4th quarter valued at about $30,000. FinTrust Capital Advisors LLC bought a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $33,000. Bank of New Hampshire bought a new position in shares of Super Micro Computer in the 1st quarter valued at approximately $35,000. VitalStone Financial LLC raised its stake in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after acquiring an additional 25 shares in the last quarter. Finally, Cypress Capital Management LLC WY bought a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $36,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $628.80 on Monday. Super Micro Computer, Inc. has a 1-year low of $226.59 and a 1-year high of $1,229.00. The firm has a market capitalization of $35.17 billion, a PE ratio of 35.25, a PEG ratio of 0.65 and a beta of 1.27. The business’s 50 day moving average is $768.19 and its 200-day moving average is $842.95. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 earnings per share for the quarter, missing the consensus estimate of $7.63 by ($1.38). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the business posted $3.43 EPS. Super Micro Computer’s revenue for the quarter was up 142.9% compared to the same quarter last year. Sell-side analysts predict that Super Micro Computer, Inc. will post 28.5 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SMCI. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 7th. Wells Fargo & Company cut their price objective on Super Micro Computer from $890.00 to $650.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Bank of America downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price objective for the company from $1,090.00 to $700.00 in a research note on Wednesday, August 7th. Wedbush reaffirmed a “neutral” rating and issued a $800.00 price target on shares of Super Micro Computer in a research report on Friday, August 2nd. Finally, Nomura downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $911.85.

Insider Activity at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the sale, the director now directly owns 27,813 shares in the company, valued at approximately $23,339,835.21. The disclosure for this sale can be found here. 17.60% of the stock is owned by insiders.

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.