Inspire Investing LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ: SMCI)
Inspire Investing LLC has acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ: SMCI – Get a rating) in the 1st trimester, Holdings Channel.com reports. The company acquired 6,174 shares of the company, valued at approximately $235,000.
A number of other hedge funds have also recently changed their SMCI holdings. Mitsubishi UFJ Trust & Banking Corp increased its stake in Super Micro Computer shares by 68.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,700 shares of the company worth $163,000 after purchasing an additional 1,500 shares during the period. Zurcher Kantonalbank Zurcher Kantonalbank increased its stake in shares of Super Micro Computer by 10.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,815 shares of the company worth $183,000 after purchasing an additional 459 shares during the period. Cornerstone Investment Partners LLC purchased a new stock position in Super Micro Computer during the fourth quarter for a value of approximately $204,000. Allianz Asset Management GmbH bought a new position in shares of Super Micro Computer during the fourth quarter for a value of approximately $224,000. Finally, Lazard Asset Management LLC increased its stake in Super Micro Computer shares by 22.6% during the fourth quarter. Lazard Asset Management LLC now owns 5,542 shares of the company worth $243,000 after purchasing an additional 1,022 shares during the period. Hedge funds and other institutional investors own 69.00% of the company’s shares.
Several brokerages have recently commented on SMCI. StockNews.com began covering Super Micro Computer shares in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Northland Securities raised its price target on Super Micro Computer shares from $70.00 to $85.00 in a Wednesday, May 4 research note. Finally, Loop Capital raised its price target on shares of Super Micro Computer from $60.00 to $100.00 in a Wednesday, May 4 research note.
Shares of NASDAQ: SMCI opened at $40.46 on Friday. The company’s 50-day simple moving average is $47.50 and its 200-day simple moving average is $43.33. The stock has a market capitalization of $2.10 billion, a price-earnings ratio of 11.80 and a beta of 1.24. The company has a debt ratio of 0.11, a current ratio of 1.79 and a quick ratio of 0.73. Super Micro Computer, Inc. has a 1 year minimum of $32.88 and a 1 year maximum of $58.34.
Super microcomputer (NASDAQ: SMCI – Get a rating) last reported quarterly earnings data on Tuesday, May 3. The company reported earnings per share (EPS) of $1.45 for the quarter, beating consensus analyst estimates of $1.27 by $0.18. The company posted revenue of $1.36 billion for the quarter, versus $1.26 billion expected by analysts. Super Micro Computer had a net margin of 3.96% and a return on equity of 15.92%. The company’s quarterly revenue increased by 51.3% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $0.39. As a group, analysts expect Super Micro Computer, Inc. to post EPS of 4.04 for the current fiscal year.
In other Super Micro Computer CEO news Charles Liang sold 5,388 shares of the company in a transaction that took place on Tuesday, April 19. The shares were sold at an average price of $42.00, for a total value of $226,296.00. Following the sale, the CEO now owns 45,305 shares of the company, valued at $1,902,810. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Also, director Sherman Tuan sold 10,000 shares of the company in a transaction that took place on Friday, May 13. The shares were sold at an average price of $51.95, for a total transaction of $519,500.00. Following the completion of the sale, the administrator now owns 24,889 shares of the company, valued at approximately $1,292,983.55. Disclosure of this sale can be found here. Insiders of the company own 14.50% of the shares of the company.
Super Micro Computer Company Profile (Get a rating)
Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on a modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, complete racks, network devices, server management software and server subsystems, as well as support and services.
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