Mitsubishi UFJ Asset Management Co. Ltd. Has $59.18 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 168.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,592 shares of the company’s stock after buying an additional 36,795 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Super Micro Computer were worth $59,180,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank of New Hampshire acquired a new position in shares of Super Micro Computer during the first quarter worth $35,000. VitalStone Financial LLC increased 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 buying an additional 25 shares in the last quarter. Larson Financial Group LLC increased 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 buying an additional 28 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after buying an additional 15 shares in the last quarter. Finally, Silicon Valley Capital Partners bought a new stake in shares of Super Micro Computer in the first quarter worth $51,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Down 1.8 %

Shares of SMCI stock traded down $14.70 on Thursday, reaching $801.61. 5,906,369 shares of the company were exchanged, compared to its average volume of 8,398,168. The company has a market cap of $44.83 billion, a price-to-earnings ratio of 44.36, a PEG ratio of 0.55 and a beta of 1.27. The company has a 50-day moving average of $850.78 and a 200-day moving average of $797.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. Super Micro Computer, Inc. has a one year low of $226.59 and a one year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. Analysts anticipate 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 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 transaction, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 value of $419,585.00. Following the sale, the director now owns 27,813 shares in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s 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 sale, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold 1,325 shares of company stock valued at $1,116,736 in the last 90 days. 17.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SMCI shares. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price objective on the stock. 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. Wedbush boosted their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Finally, Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $999.92.

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.