Resona Asset Management Co. Ltd. Has $5.57 Million Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Resona Asset Management Co. Ltd. lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 5.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 162,713 shares of the company’s stock after purchasing an additional 7,744 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Super Micro Computer were worth $5,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Super Micro Computer by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company’s stock worth $2,205,322,000 after purchasing an additional 2,415,276 shares in the last quarter. Northern Trust Corp grew its holdings 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 purchasing an additional 4,605,260 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Super Micro Computer by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,771,630 shares of the company’s stock worth $129,141,000 after purchasing an additional 120,496 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Super Micro Computer by 6,368.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,815,996 shares of the company’s stock worth $85,832,000 after purchasing an additional 2,772,464 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Super Micro Computer during the 1st quarter worth approximately $53,031,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SMCI shares. The Goldman Sachs Group boosted their price target on Super Micro Computer from $24.00 to $27.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Mizuho boosted their price target on Super Micro Computer from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. KGI Securities started coverage on Super Micro Computer in a research note on Wednesday, May 7th. They issued a “neutral” rating on the stock. Needham & Company LLC boosted their price target on Super Micro Computer from $39.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Rosenblatt Securities decreased their price target on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.75.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 200,000 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the completion of the sale, the chief executive officer owned 40,426,120 shares in the company, valued at $2,425,567,200. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $60.00, for a total value of $12,000,000.00. Following the sale, the director owned 40,426,120 shares of the company’s stock, valued at approximately $2,425,567,200. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,067,000 shares of company stock worth $53,949,340 over the last 90 days. 16.30% of the stock is owned by insiders.

Super Micro Computer Trading Down 0.3%

Shares of SMCI opened at $45.37 on Friday. The stock has a fifty day moving average price of $48.96 and a two-hundred day moving average price of $42.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.32 and a current ratio of 5.32. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $66.44. The company has a market cap of $27.08 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.13 and a beta of 1.46.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 5th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The firm had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.88 billion. Super Micro Computer had a return on equity of 17.14% and a net margin of 4.77%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.25 EPS. Analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

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.