Super Micro Computer, Inc. (NASDAQ:SMCI) Stock Position Increased by CVA Family Office LLC

CVA Family Office LLC boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 9,060.9% during the 1st quarter, HoldingsChannel reports. The firm owned 30,964 shares of the company’s stock after buying an additional 30,626 shares during the quarter. CVA Family Office LLC’s holdings in Super Micro Computer were worth $1,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC lifted its position in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. FMR LLC bought a new stake in Super Micro Computer in the 4th quarter valued at about $292,869,000. Invesco Ltd. raised its position in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after buying an additional 4,605,260 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SMCI shares. Wall Street Zen upgraded shares of Super Micro Computer to a “sell” rating in a research report on Thursday, May 8th. Rosenblatt Securities dropped their price target on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. KGI Securities started coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They set a “neutral” rating on the stock. Citigroup started coverage on shares of Super Micro Computer in a research report on Tuesday, May 6th. They set a “neutral” rating and a $39.00 price target on the stock. Finally, The Goldman Sachs Group downgraded shares of Super Micro Computer from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus target price of $45.63.

Super Micro Computer Stock Down 4.2%

NASDAQ SMCI opened at $41.56 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company’s 50 day simple moving average is $37.59 and its 200 day simple moving average is $37.20. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40. The company has a market capitalization of $24.80 billion, a P/E ratio of 20.86 and a beta of 1.40.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. Equities research analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer now directly owns 88,599 shares of the company’s stock, valued at $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.60% of the stock is currently owned by insiders.

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.