Toronto Dominion Bank Acquires 24,671 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Toronto Dominion Bank boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 398.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,866 shares of the company’s stock after purchasing an additional 24,671 shares during the period. Toronto Dominion Bank owned about 0.06% of Super Micro Computer worth $31,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SMCI. International Assets Investment Management LLC grew its position in Super Micro Computer by 56,764.2% in 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 purchasing an additional 1,319,768 shares in the last quarter. GQG Partners LLC bought a new position in shares of Super Micro Computer in the 1st quarter valued at about $1,325,466,000. Vanguard Group Inc. grew its position 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 valued at $6,256,739,000 after acquiring an additional 1,265,542 shares during the period. Norges Bank bought a new position in shares of Super Micro Computer in the 4th quarter valued at about $95,211,000. Finally, Wolf Hill Capital Management LP bought a new position in shares of Super Micro Computer in the 4th quarter valued at about $77,996,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

SMCI stock traded up $16.58 during trading on Friday, reaching $712.19. 4,382,184 shares of the company were exchanged, compared to its average volume of 6,271,515. The company has a 50-day moving average of $837.57 and a two-hundred day moving average of $816.66. The company has a market capitalization of $39.83 billion, a price-to-earnings ratio of 39.92, a P/E/G ratio of 0.44 and a beta of 1.27. Super Micro Computer, Inc. has a twelve month low of $226.59 and a twelve 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.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results 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. 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 analyst estimates of $3.96 billion. As a group, equities analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 sale, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were 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 in the company, valued at approximately $15,147,374. 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 ninety days. 17.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of analyst reports. Susquehanna lifted their price objective on shares of Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research 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 target price for the company. in a report on Wednesday, July 10th. Loop Capital lifted their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company reduced their target price on shares of 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 target price 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 issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock 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.