JTC Employer Solutions Trustee Ltd Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

JTC Employer Solutions Trustee Ltd bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 60 shares of the company’s stock, valued at approximately $61,000.

Other hedge funds have also recently bought and sold shares of the company. E&G Advisors LP bought a new position in shares of Super Micro Computer during the 1st quarter valued at about $212,000. State of Alaska Department of Revenue lifted its stake in Super Micro Computer by 9.3% during the first quarter. State of Alaska Department of Revenue now owns 5,478 shares of the company’s stock valued at $5,532,000 after purchasing an additional 465 shares during the last quarter. Valeo Financial Advisors LLC grew its position in Super Micro Computer by 1.3% in the first quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock worth $1,283,000 after buying an additional 16 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Super Micro Computer in the first quarter valued at $368,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Super Micro Computer by 5.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,098 shares of the company’s stock valued at $107,162,000 after buying an additional 5,237 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on SMCI. Bank of America raised their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. 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, 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. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target for the company. Finally, Wells Fargo & Company cut their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $954.38.

Super Micro Computer Stock Performance

SMCI stock traded up $9.83 during midday trading on Wednesday, hitting $847.00. 3,197,828 shares of the company traded hands, compared to its average volume of 8,573,408. Super Micro Computer, Inc. has a twelve month low of $226.59 and a twelve month high of $1,229.00. The stock has a market capitalization of $47.37 billion, a price-to-earnings ratio of 47.48, a price-to-earnings-growth ratio of 0.74 and a beta of 1.27. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The business has a 50 day simple moving average of $838.21 and a 200-day simple moving average of $757.15.

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

Insider Transactions at Super Micro Computer

In other news, Director Tally C. Liu sold 500 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was 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 of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,325 shares of company stock worth $1,116,736. Company insiders own 17.60% of the company’s stock.

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.