Easterly Investment Partners LLC Acquires New Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Easterly Investment Partners LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,460 shares of the company’s stock, valued at approximately $701,000.

Several other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Super Micro Computer by 1.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company’s stock worth $854,000 after buying an additional 302 shares during the period. Wahed Invest LLC grew its position in shares of Super Micro Computer by 2.9% in the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock worth $377,000 after acquiring an additional 352 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Super Micro Computer by 0.3% in the 1st quarter. Victory Capital Management Inc. now owns 162,589 shares of the company’s stock worth $5,567,000 after purchasing an additional 457 shares during the last quarter. Shelton Capital Management boosted its position in Super Micro Computer by 6.5% during the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company’s stock worth $240,000 after acquiring an additional 480 shares during the period. Finally, IMG Wealth Management Inc. raised its position in shares of Super Micro Computer by 90.7% during the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company’s stock worth $36,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Northland Securities set a $59.00 price target on Super Micro Computer in a research report on Wednesday, May 7th. Rosenblatt Securities cut their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Barclays reiterated an “equal weight” rating and set a $34.00 price target on shares of Super Micro Computer in a report on Tuesday, May 6th. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Raymond James Financial began coverage on shares of Super Micro Computer in a research note on Wednesday, June 25th. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $42.89.

Super Micro Computer Price Performance

Shares of SMCI stock opened at $52.75 on Friday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $83.50. The stock’s fifty day moving average is $44.49 and its 200-day moving average is $39.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The stock has a market capitalization of $31.48 billion, a PE ratio of 27.75, a PEG ratio of 2.44 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The business 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 20.41% and a net margin of 5.61%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. Equities research analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer owned 88,599 shares of the company’s stock, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the transaction, the director owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 667,000 shares of company stock valued at $29,949,340. Company insiders own 17.60% of the company’s stock.

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.