Family Management Corp Buys New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Family Management Corp purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $610,000.

Other large investors have also recently bought and sold shares of the company. Clear Creek Financial Management LLC bought a new position in Super Micro Computer in the fourth quarter valued at $635,000. Nepsis Inc. acquired a new position in Super Micro Computer during the fourth quarter valued at approximately $13,625,000. Fifth Third Bancorp grew its stake in Super Micro Computer by 1,476.6% in the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock valued at $374,000 after purchasing an additional 11,488 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $277,000. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at approximately $5,113,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wedbush reaffirmed a “neutral” rating and set a $30.00 price target (down from $40.00) on shares of Super Micro Computer in a research report on Wednesday. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Rosenblatt Securities cut their price objective on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, StockNews.com raised Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.53.

Insider Transactions at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company’s stock.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $32.55 on Thursday. The firm has a 50 day simple moving average of $35.59 and a 200 day simple moving average of $35.44. The company has a market cap of $19.43 billion, a price-to-earnings ratio of 16.34 and a beta of 1.36. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. 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 (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. Research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal 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.