GAMMA Investing LLC Increases Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

GAMMA Investing LLC increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 66.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 327 shares of the company’s stock after buying an additional 131 shares during the period. GAMMA Investing LLC’s holdings in Super Micro Computer were worth $330,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec purchased a new position in Super Micro Computer in the third quarter valued at about $55,943,000. Natixis Advisors L.P. lifted its stake in Super Micro Computer by 31.4% in the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock valued at $4,722,000 after purchasing an additional 4,118 shares during the last quarter. Shilanski & Associates Inc. grew its holdings in Super Micro Computer by 2.7% during the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after purchasing an additional 134 shares during the period. Truist Financial Corp purchased a new stake in Super Micro Computer in the fourth quarter worth $739,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Super Micro Computer by 154.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock valued at $1,344,000 after buying an additional 2,870 shares during the period. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Up 3.7 %

SMCI opened at $920.01 on Thursday. The firm has a market capitalization of $51.46 billion, a P/E ratio of 51.57, a price-to-earnings-growth ratio of 0.83 and a beta of 1.23. Super Micro Computer, Inc. has a one year low of $213.08 and a one year high of $1,229.00. The company has a fifty day moving average price of $837.98 and a 200-day moving average price of $715.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.42 by $1.14. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. Equities research analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the sale, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares in the company, valued at approximately $15,147,374. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,325 shares of company stock worth $1,116,736. 17.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SMCI has been the subject of several research reports. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. KeyCorp began coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target on the stock. Wedbush raised their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company reduced their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $954.38.

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.