Gulf International Bank UK Ltd Buys 129 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Gulf International Bank UK Ltd raised its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.8% in the first quarter, HoldingsChannel reports. The fund owned 4,795 shares of the company’s stock after acquiring an additional 129 shares during the period. Gulf International Bank UK Ltd’s holdings in Super Micro Computer were worth $4,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SMCI. Optimum Investment Advisors bought a new stake in Super Micro Computer in the 4th quarter valued at $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Super Micro Computer in the fourth quarter valued at about $30,000. FinTrust Capital Advisors LLC bought a new stake in shares of Super Micro Computer in the fourth quarter valued at about $33,000. Bank of New Hampshire acquired a new position in shares of Super Micro Computer in the first quarter valued at about $35,000. Finally, Allworth Financial LP increased its position in Super Micro Computer by 28.6% during the fourth quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Loop Capital raised their price objective on 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. Wells Fargo & Company cut their target price on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Argus assumed coverage on Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and an average price target of $954.38.

Super Micro Computer Stock Down 1.3 %

Shares of NASDAQ SMCI opened at $905.26 on Friday. The company has a market cap of $50.63 billion, a price-to-earnings ratio of 50.74, a PEG ratio of 0.83 and a beta of 1.23. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a 12 month low of $213.08 and a 12 month high of $1,229.00. The stock has a 50-day moving average price of $837.95 and a two-hundred day moving average price of $722.27.

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

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred 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 sale, the director now owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,325 shares of company stock worth $1,116,736. Corporate insiders own 17.60% of the company’s stock.

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.