Burns Matteson Capital Management LLC Boosts Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Burns Matteson Capital Management LLC increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 253 shares of the company’s stock after acquiring an additional 19 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Super Micro Computer were worth $207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SMCI. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $30,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at approximately $33,000. Bank of New Hampshire acquired a new stake in Super Micro Computer during the first quarter worth $35,000. VitalStone Financial LLC raised its holdings in Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after buying an additional 25 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Super Micro Computer by 28.6% in the 4th quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded up $8.11 on Tuesday, hitting $616.94. The company’s stock had a trading volume of 10,884,211 shares, compared to its average volume of 8,203,423. The stock has a 50 day moving average of $806.02 and a 200-day moving average of $838.72. The company has a market capitalization of $34.51 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. 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.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. Super Micro Computer’s quarterly revenue was up 142.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.43 EPS. As a group, research analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insiders Place Their Bets

In related news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Tally C. Liu sold 500 shares of the stock in a transaction on 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 owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer 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. 17.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Susquehanna lifted their target price on Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a report on Monday, July 15th. The Goldman Sachs Group cut their price target on shares of 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. Loop Capital upped their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Wells Fargo & Company reduced their target price 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. Finally, Nomura downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $999.92.

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.