Dorsey & Whitney Trust CO LLC Buys New Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Dorsey & Whitney Trust CO LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 559 shares of the company’s stock, valued at approximately $565,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Super Micro Computer by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock worth $1,401,136,000 after acquiring an additional 194,700 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after purchasing an additional 1,319,768 shares during the last quarter. Norges Bank purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at about $95,211,000. Principal Financial Group Inc. boosted its position in shares of Super Micro Computer by 4.8% in the 4th quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock valued at $92,771,000 after purchasing an additional 14,959 shares during the period. Finally, Wolf Hill Capital Management LP purchased a new position in Super Micro Computer during the 4th quarter worth approximately $77,996,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the sale, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of Super Micro Computer 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 in the company, valued at $23,339,835.21. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the company’s 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 directly owns 18,887 shares in the company, valued at approximately $15,147,374. The disclosure for this sale can be found here. Insiders sold 1,325 shares of company stock valued at $1,116,736 in the last ninety days. Corporate insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target for the company. Rosenblatt Securities restated 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. Northland Securities upped their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Finally, Nomura lowered Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $999.92.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded down $4.83 during trading on Friday, hitting $796.78. 8,344,648 shares of the company were exchanged, compared to its average volume of 8,398,197. 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 1 year low of $226.59 and a 1 year high of $1,229.00. The company has a market cap of $44.56 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 0.51 and a beta of 1.27. The firm’s fifty day moving average price is $850.79 and its 200 day moving average price is $801.23.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. On average, sell-side analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

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.