Summit Global Investments Invests $236,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Summit Global Investments bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 287 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds have also modified their holdings of SMCI. FinTrust Capital Advisors LLC acquired a new stake in Super Micro Computer during the 4th quarter valued at $33,000. Bank of New Hampshire acquired a new stake in shares of Super Micro Computer in the 1st quarter valued at $35,000. VitalStone Financial LLC boosted its position in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after purchasing an additional 25 shares during the last quarter. Cypress Capital Management LLC WY bought a new position in shares of Super Micro Computer in the 4th quarter worth $36,000. Finally, Larson Financial Group LLC lifted its holdings in Super Micro Computer by 186.7% during the first quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock worth $43,000 after acquiring an additional 28 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Super Micro Computer

In related news, 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 value of $419,585.00. Following the transaction, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at this link. Also, Director Daniel W. Fairfax sold 300 shares of the 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 completion of the sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. 17.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company cut their price target on Super Micro Computer from $890.00 to $650.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Susquehanna upped their target price on Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a research note on Monday, July 15th. Wedbush reiterated a “neutral” rating and set a $800.00 price target on shares of Super Micro Computer in a report on Friday, August 2nd. Finally, Nomura Securities downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average price target of $911.85.

Super Micro Computer Stock Up 2.0 %

Shares of SMCI stock traded up $12.41 on Wednesday, reaching $623.32. 5,120,786 shares of the company were exchanged, compared to its average volume of 8,244,005. The company has a market cap of $34.86 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 0.71 and a beta of 1.27. The company has a 50-day moving average of $761.79 and a 200-day moving average of $843.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a one year low of $226.59 and a one year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer’s revenue for the quarter was up 142.9% compared to the same quarter last year. During the same period last year, the company earned $3.43 EPS. Analysts anticipate that Super Micro Computer, Inc. will post 28.5 earnings per share for the current year.

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.