Geneva Partners LLC Invests $881,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Geneva Partners LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,100 shares of the company’s stock, valued at approximately $881,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Super Micro Computer by 4.3% during the third quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company’s stock valued at $265,007,000 after acquiring an additional 197,980 shares during the last quarter. BlackRock Inc. increased its holdings in Super Micro Computer by 8.7% in the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after purchasing an additional 275,725 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Super Micro Computer by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock valued at $62,035,000 after purchasing an additional 171,335 shares during the period. State Street Corp lifted its stake in Super Micro Computer by 3.6% during the first quarter. State Street Corp now owns 1,532,138 shares of the company’s stock worth $163,249,000 after purchasing an additional 53,564 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after buying an additional 1,319,768 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total value of $458,008.20. Following the completion of the transaction, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the transaction, the director now directly owns 20,087 shares in the company, valued at $10,846,980. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the completion of the transaction, the director now directly owns 2,714 shares in the company, valued at $1,292,135.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,989 shares of company stock worth $30,113,681. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Down 23.1 %

Super Micro Computer stock traded down $214.83 during midday trading on Friday, reaching $713.65. The company’s stock had a trading volume of 17,198,411 shares, compared to its average volume of 9,924,601. The company has a market cap of $39.91 billion, a P/E ratio of 55.71, a P/E/G ratio of 0.85 and a beta of 1.28. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $956.38 and a 200-day simple moving average of $547.85. Super Micro Computer, Inc. has a fifty-two week low of $93.19 and a fifty-two week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.09 EPS. On average, research analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on SMCI. The Goldman Sachs Group started coverage on Super Micro Computer in a report on Monday, March 4th. They issued a “neutral” rating and a $941.00 price objective on the stock. JPMorgan Chase & Co. assumed 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 price target on the stock. Susquehanna lifted their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a report on Tuesday, January 30th. Argus started coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price on the stock. Finally, Loop Capital raised their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Super Micro Computer has a consensus rating of “Moderate Buy” and an average target price of $949.85.

About Super Micro Computer

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.