Jacobs Levy Equity Management Inc. Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Jacobs Levy Equity Management Inc. acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,262 shares of the company’s stock, valued at approximately $3,295,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New Hampshire purchased a new stake in Super Micro Computer in the first quarter valued at $35,000. VitalStone Financial LLC boosted its holdings in 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 stake in Super Micro Computer by 186.7% in the 1st quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock valued at $43,000 after purchasing an additional 28 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Super Micro Computer by 42.9% in the 1st 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 acquired a new stake in shares of Super Micro Computer in the first quarter valued at approximately $51,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Activity

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 other Super Micro Computer 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 completion of the sale, the director now directly owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the sale, the director now owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wedbush raised their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Susquehanna increased 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 note on Monday, July 15th. The Goldman Sachs Group decreased their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Finally, Nomura downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective for the company. in a research note on Wednesday, July 10th. Two investment 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $999.92.

Super Micro Computer Price Performance

Shares of SMCI stock traded up $35.64 during trading on Wednesday, hitting $701.95. The company had a trading volume of 2,915,973 shares, compared to its average volume of 8,205,794. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. Super Micro Computer, Inc. has a one year low of $226.59 and a one year high of $1,229.00. The firm has a market capitalization of $39.26 billion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 0.44 and a beta of 1.27. The stock’s 50-day moving average price is $828.79 and its 200 day moving average price is $828.12.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. Equities analysts expect that Super Micro Computer, Inc. will post 21.11 EPS 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.