Westside Investment Management Inc. Purchases 600 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Westside Investment Management Inc. lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 12,000.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 605 shares of the company’s stock after buying an additional 600 shares during the period. Westside Investment Management Inc.’s holdings in Super Micro Computer were worth $627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Super Micro Computer by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock worth $1,401,136,000 after buying an additional 194,700 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of 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 worth $375,818,000 after buying an additional 1,319,768 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Super Micro Computer by 89.1% in the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock worth $96,234,000 after buying an additional 165,353 shares in the last quarter. Norges Bank purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $95,211,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Super Micro Computer by 4.8% during the fourth quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock valued at $92,771,000 after purchasing an additional 14,959 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Up 1.2 %

SMCI stock opened at $847.00 on Thursday. The company has a market capitalization of $47.37 billion, a PE ratio of 47.48, a P/E/G ratio of 0.53 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 firm’s 50-day moving average is $838.21 and its 200 day moving average is $757.15. 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 quarterly earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping the consensus estimate of $5.42 by $1.14. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. On average, research analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Wall Street Analysts Forecast Growth

SMCI has been the subject of several research reports. 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. Loop Capital boosted 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 report on Tuesday, April 16th. Wedbush boosted their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Wells Fargo & Company decreased their price objective 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 reissued a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and a consensus target price of $954.38.

Insider Buying and Selling

In related news, Director Daniel W. Fairfax sold 300 shares of the firm’s 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 transaction, the director now 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 Securities & Exchange Commission, which is available at this link. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction dated 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 directly owns 27,813 shares in the company, valued at approximately $23,339,835.21. 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 90 days. Company insiders own 17.60% of the company’s stock.

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.