534 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Bought by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 534 shares of the company’s stock, valued at approximately $539,000.

Several other hedge funds have also recently modified their holdings of SMCI. Vanguard Group Inc. lifted its holdings in Super Micro Computer by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock valued at $1,401,136,000 after acquiring an additional 194,700 shares during the period. International Assets Investment Management LLC lifted its holdings 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 acquiring an additional 1,319,768 shares during the period. Ameriprise Financial Inc. lifted its holdings in Super Micro Computer by 89.1% in the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock valued at $96,234,000 after acquiring an additional 165,353 shares during the period. Norges Bank acquired a new stake in Super Micro Computer in the fourth quarter valued at $95,211,000. Finally, Principal Financial Group Inc. lifted its holdings in Super Micro Computer by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock valued at $92,771,000 after acquiring an additional 14,959 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Trading Down 8.0 %

Super Micro Computer stock opened at $819.35 on Friday. The stock has a market cap of $45.83 billion, a PE ratio of 45.93, a P/E/G ratio of 0.81 and a beta of 1.23. The stock has a 50-day moving average price of $832.95 and a 200 day moving average price of $742.43. Super Micro Computer, Inc. has a 52 week low of $226.59 and a 52 week high of $1,229.00. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS 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%. Equities research analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction dated Thursday, May 30th. The stock was 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 in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction dated Thursday, May 30th. The stock was 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 in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value 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 disclosure for this sale can be found here. Insiders sold 1,325 shares of company stock worth $1,116,736 in the last 90 days. 17.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on SMCI. 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. Argus initiated coverage on Super Micro Computer in a report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price for the company. Northland Securities lifted their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Bank of America lifted their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus target price of $954.38.

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.