Manchester Capital Management LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Manchester Capital Management LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 221 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SMCI. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Super Micro Computer during the 1st quarter valued at $1,423,000. Shilanski & Associates Inc. boosted its holdings in Super Micro Computer by 2.7% in the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock worth $1,451,000 after acquiring an additional 134 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Super Micro Computer by 1,516.8% during the first quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock worth $56,420,000 after acquiring an additional 51,906 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Super Micro Computer by 482.6% during the first quarter. Los Angeles Capital Management LLC now owns 33,675 shares of the company’s stock valued at $34,013,000 after acquiring an additional 27,895 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $739,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

SMCI stock traded up $27.62 during midday trading on Friday, reaching $916.84. The stock had a trading volume of 2,400,667 shares, compared to its average volume of 8,444,224. 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. The company’s fifty day simple moving average is $845.87 and its 200 day simple moving average is $777.89. The company has a market cap of $51.28 billion, a price-to-earnings ratio of 51.46, a price-to-earnings-growth ratio of 0.57 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $5.42 by $1.14. The business had revenue of $3.85 billion for 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%. As a group, sell-side analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SMCI has been the topic of several research analyst reports. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price on the stock. Wedbush upped their target price on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 1st. Nomura lowered Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective on the stock. in a report on Wednesday. Finally, Loop Capital lifted their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $994.15.

Insider Buying and Selling at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction that occurred on Thursday, May 30th. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders sold a total of 1,325 shares of company stock worth $1,116,736 in the last three months. 17.60% of the stock is owned by corporate insiders.

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.