Burns Matteson Capital Management LLC Acquires Shares of 234 Super Micro Computer, Inc. (NASDAQ:SMCI)

Burns Matteson Capital Management LLC acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 234 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after buying an additional 1,319,768 shares during the last quarter. GQG Partners LLC bought a new position in shares of Super Micro Computer during the first quarter valued at approximately $1,325,466,000. Vanguard Group Inc. grew its stake in shares of Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after buying an additional 1,265,542 shares during the last quarter. Norges Bank bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $95,211,000. Finally, Wolf Hill Capital Management LP bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $77,996,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on SMCI shares. Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective on the stock. in a research note on Wednesday, July 10th. Wells Fargo & Company dropped their price objective on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. The Goldman Sachs Group dropped their price objective 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. KeyCorp assumed coverage on Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Finally, Susquehanna lifted their price target on Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a report on Monday, July 15th. 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 company. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $999.92.

Super Micro Computer Stock Down 2.2 %

Shares of Super Micro Computer stock traded down $15.95 during trading on Thursday, reaching $695.61. The company’s stock had a trading volume of 7,038,917 shares, compared to its average volume of 8,323,373. 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 company has a market cap of $38.91 billion, a price-to-earnings ratio of 38.99, a P/E/G ratio of 0.49 and a beta of 1.27. 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 50-day simple moving average of $841.08 and a two-hundred day simple moving average of $813.93.

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

Insiders Place Their Bets

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer 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 completion of the sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer 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 completion of the sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated Monday, April 29th. The stock was 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. In the last 90 days, insiders sold 1,325 shares of company stock valued at $1,116,736. 17.60% of the stock is owned by company insiders.

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.