UniSuper Management Pty Ltd Purchases 6,773 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

UniSuper Management Pty Ltd lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,693.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,173 shares of the company’s stock after acquiring an additional 6,773 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Super Micro Computer were worth $7,245,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after buying an additional 1,265,542 shares during the last quarter. International Assets Investment Management LLC boosted 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 worth $375,818,000 after buying an additional 1,319,768 shares during the last quarter. Norges Bank purchased a new position in shares of Super Micro Computer in the 4th quarter worth about $95,211,000. Principal Financial Group Inc. boosted its holdings 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 worth $92,771,000 after buying an additional 14,959 shares during the last quarter. Finally, Wolf Hill Capital Management LP purchased a new position in shares of Super Micro Computer in the 4th quarter worth about $77,996,000. Institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of research analyst reports. Susquehanna boosted their price target on shares of Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a report on Monday, July 15th. Nomura downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective on the stock. in a report on Wednesday, July 10th. Wedbush upped their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $999.92.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the transaction, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The sale 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 stock in a transaction that occurred 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 completion of the sale, the director now owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now directly owns 3,459 shares of the company’s stock, 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 worth $1,116,736 over the last ninety days. Insiders own 17.60% of the company’s stock.

Super Micro Computer Price Performance

NASDAQ SMCI traded down $3.06 on Tuesday, reaching $783.22. 4,149,669 shares of the company’s stock traded hands, compared to its average volume of 8,343,420. Super Micro Computer, Inc. has a 12 month low of $226.59 and a 12 month high of $1,229.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The stock has a 50-day simple moving average of $850.08 and a 200 day simple moving average of $815.49. The stock has a market cap of $43.81 billion, a PE ratio of 43.90, a P/E/G ratio of 0.50 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating 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 business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.96 billion. As a group, research analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

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.