Griffin Asset Management Inc. Invests $663,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Griffin Asset Management Inc. purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 656 shares of the company’s stock, valued at approximately $663,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock valued at $1,401,136,000 after purchasing an additional 194,700 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after acquiring an additional 1,319,768 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Super Micro Computer by 89.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock worth $96,234,000 after acquiring an additional 165,353 shares during the period. Norges Bank purchased a new position in Super Micro Computer during the 4th quarter valued at about $95,211,000. Finally, Principal Financial Group Inc. grew its stake in Super Micro Computer by 4.8% during the 4th quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock valued at $92,771,000 after acquiring an additional 14,959 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insiders Place Their Bets

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the business’s 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 transaction, the director now directly owns 18,887 shares in the company, valued at approximately $15,147,374. The disclosure for this sale can be found here. Insiders sold a total of 1,325 shares of company stock valued at $1,116,736 in the last quarter. Insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SMCI shares. KeyCorp initiated coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating for the company. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Wedbush increased their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a research report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Stock Down 8.0 %

Shares of SMCI stock opened at $819.35 on Friday. The stock’s 50 day simple moving average is $832.95 and its 200 day simple moving average is $745.76. Super Micro Computer, Inc. has a twelve month low of $226.59 and a twelve month high of $1,229.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The company has a market capitalization of $45.83 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 0.74 and a beta of 1.23.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates 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, research analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

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.