Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 30.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,390 shares of the company’s stock after buying an additional 18,498 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of Super Micro Computer worth $80,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SMCI. Bank of New Hampshire bought a new stake in shares of Super Micro Computer during the 1st quarter worth $35,000. VitalStone Financial LLC raised its holdings in shares of Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after acquiring an additional 25 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Super Micro Computer by 186.7% during the first quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock worth $43,000 after acquiring an additional 28 shares in the last quarter. Versant Capital Management Inc raised its holdings in Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares in the last quarter. Finally, Silicon Valley Capital Partners bought a new position in Super Micro Computer during the first quarter valued at about $51,000. 84.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Tally C. Liu sold 500 shares of the 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 directly owns 27,813 shares in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,325 shares of company stock valued at $1,116,736. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 2.3 %

Shares of SMCI stock traded down $20.72 on Tuesday, hitting $876.96. The stock had a trading volume of 4,357,380 shares, compared to its average volume of 8,436,074. Super Micro Computer, Inc. has a twelve month low of $226.59 and a twelve month high of $1,229.00. The firm has a market cap of $49.05 billion, a P/E ratio of 49.16, a PEG ratio of 0.57 and a beta of 1.27. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $849.76 and a two-hundred day moving average price of $793.34.

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

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of recent analyst reports. Loop Capital lifted their price objective on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Wells Fargo & Company decreased their price objective on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. The Goldman Sachs Group dropped their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Finally, Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective for the company. in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average target price of $999.92.

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.