Lazard Asset Management LLC Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Lazard Asset Management LLC grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCIGet Rating) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,542 shares of the company’s stock after purchasing an additional 1,022 shares during the quarter. Lazard Asset Management LLC’s holdings in Super Micro Computer were worth $243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SMCI. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Super Micro Computer in the third quarter valued at approximately $80,000. Cornerstone Investment Partners LLC purchased a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $204,000. Citigroup Inc. lifted its stake in Super Micro Computer by 40.4% in the third quarter. Citigroup Inc. now owns 5,713 shares of the company’s stock worth $209,000 after acquiring an additional 1,645 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Super Micro Computer by 5.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 6,514 shares of the company’s stock worth $238,000 after acquiring an additional 338 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Super Micro Computer by 12.6% in the third quarter. Teacher Retirement System of Texas now owns 6,521 shares of the company’s stock worth $238,000 after acquiring an additional 730 shares during the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Friday, April 22nd. StockNews.com assumed coverage on shares of Super Micro Computer in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Loop Capital lifted their price target on shares of Super Micro Computer from $60.00 to $100.00 in a research note on Wednesday, May 4th. Finally, Northland Securities lifted their price target on shares of Super Micro Computer from $70.00 to $85.00 in a research note on Wednesday, May 4th.

In other Super Micro Computer news, CEO Charles Liang sold 39,612 shares of the firm’s stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of $41.17, for a total transaction of $1,630,826.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.70% of the stock is currently owned by company insiders.

SMCI stock opened at $52.35 on Friday. The company has a current ratio of 1.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.11. Super Micro Computer, Inc. has a twelve month low of $32.88 and a twelve month high of $58.34. The company’s 50 day moving average is $42.22 and its two-hundred day moving average is $42.05. The stock has a market cap of $2.72 billion, a P/E ratio of 15.26 and a beta of 1.19.

Super Micro Computer (NASDAQ:SMCIGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.43. Super Micro Computer had a net margin of 3.96% and a return on equity of 15.92%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 51.3% on a year-over-year basis. On average, equities research analysts predict that Super Micro Computer, Inc. will post 4.04 earnings per share for the current year.

About Super Micro Computer (Get Rating)

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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