Sapient Capital LLC Acquires Shares of 300 Super Micro Computer, Inc. (NASDAQ:SMCI)

Sapient Capital LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 300 shares of the company’s stock, valued at approximately $303,000.

Several other large investors also recently modified their holdings of SMCI. Allworth Financial LP bought a new position in Super Micro Computer in the 3rd quarter valued at $27,000. Optimum Investment Advisors purchased a new position in Super Micro Computer in the 4th quarter worth $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Super Micro Computer in the fourth quarter valued at about $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer in the fourth quarter valued at about $33,000. Finally, Bank of New Hampshire purchased a new position in shares of Super Micro Computer during the first quarter valued at about $35,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Loop Capital boosted their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Argus started coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective for the company. 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 target price for the company. Rosenblatt Securities increased their price objective on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, Northland Securities increased their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $949.85.

Super Micro Computer Stock Performance

NASDAQ SMCI traded down $31.55 during mid-day trading on Tuesday, reaching $858.80. 7,231,587 shares of the stock were exchanged, compared to its average volume of 9,681,462. The business’s 50 day moving average is $952.07 and its 200-day moving average is $576.78. Super Micro Computer, Inc. has a 1 year low of $101.71 and a 1 year high of $1,229.00. The company has a market capitalization of $48.03 billion, a P/E ratio of 67.04, a P/E/G ratio of 0.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43.

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

Insiders Place Their Bets

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,027 shares of company stock worth $29,655,672. Company insiders own 17.60% of the company’s stock.

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.