Sapient Capital LLC Makes New $303,000 Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Sapient Capital LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 300 shares of the company’s stock, valued at approximately $303,000.

A number of other institutional investors have also recently added to or reduced their stakes in SMCI. Vanguard Group Inc. boosted its stake in shares of Super Micro Computer by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock valued at $1,401,136,000 after purchasing an additional 194,700 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Super Micro Computer by 56,764.2% during the 4th 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. Northern Trust Corp lifted its position in shares of Super Micro Computer by 7.4% during the 3rd quarter. Northern Trust Corp now owns 651,010 shares of the company’s stock valued at $178,520,000 after acquiring an additional 44,678 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Super Micro Computer during the 3rd quarter valued at $140,751,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Super Micro Computer by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 487,044 shares of the company’s stock valued at $133,557,000 after acquiring an additional 20,296 shares during the period. 84.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. KeyCorp assumed coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Northland Securities upped their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective on the stock. Two 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 company’s stock. Based on data from MarketBeat, Super Micro Computer has an average rating of “Hold” and an average target price of $949.85.

Super Micro Computer Stock Performance

SMCI traded down $31.55 during trading on Tuesday, hitting $858.80. 7,231,587 shares of the company traded hands, compared to its average volume of 9,681,462. The firm has a market cap of $48.03 billion, a P/E ratio of 67.04, a price-to-earnings-growth ratio of 0.76 and a beta of 1.28. The stock’s fifty day moving average is $952.07 and its 200 day moving average is $576.78. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Super Micro Computer, Inc. has a one year low of $101.71 and a one year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.65. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.09 earnings per share. As a group, equities analysts predict that Super Micro Computer, Inc. will post 20.24 EPS for the current fiscal year.

Insider Activity at Super Micro Computer

In other news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the sale, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,027 shares of company stock worth $29,655,672. 17.60% of the stock is owned by company insiders.

About Super Micro Computer

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.