NewEdge Advisors LLC Boosts Stock Position in Super Micro Computer, Inc. $SMCI

by · The Markets Daily

NewEdge Advisors LLC grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 183.5% in the second quarter, Holdings Channel reports. The institutional investor owned 158,321 shares of the company’s stock after purchasing an additional 102,474 shares during the period. NewEdge Advisors LLC’s holdings in Super Micro Computer were worth $4,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP boosted its holdings in Super Micro Computer by 49.0% in the first quarter. Quantinno Capital Management LP now owns 155,225 shares of the company’s stock valued at $3,534,000 after purchasing an additional 51,049 shares in the last quarter. Sei Investments Co. lifted its position in shares of Super Micro Computer by 134.8% during the 1st quarter. Sei Investments Co. now owns 144,238 shares of the company’s stock worth $3,284,000 after buying an additional 82,820 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Super Micro Computer in the 1st quarter valued at $1,353,000. Geode Capital Management LLC grew its position in shares of Super Micro Computer by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 13,808,499 shares of the company’s stock valued at $402,627,000 after buying an additional 41,314 shares during the last quarter. Finally, Czech National Bank raised its stake in Super Micro Computer by 16.9% during the 2nd quarter. Czech National Bank now owns 160,189 shares of the company’s stock worth $4,698,000 after acquiring an additional 23,158 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Super Micro Computer

In related news, Director Chiu-Chu Liang sold 100,000 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the transaction, the director directly owned 537,506 shares in the company, valued at approximately $19,989,848.14. This represents a 15.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Liang sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the completion of the sale, the chief executive officer directly owned 537,506 shares in the company, valued at $19,989,848.14. This represents a 15.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 16.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Super Micro Computer in a research note on Wednesday, June 24th. Wedbush lifted their target price on shares of Super Micro Computer from $34.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Stifel Nicolaus set a $42.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 12th. The Goldman Sachs Group reissued a “sell” rating and set a $34.00 price objective (up from $30.00) on shares of Super Micro Computer in a research report on Wednesday, August 12th. Finally, Wolfe Research assumed coverage on shares of Super Micro Computer in a report on Thursday, June 11th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $42.13.

Check Out Our Latest Stock Report on Super Micro Computer

Super Micro Computer Stock Performance

Shares of SMCI opened at $36.74 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.07 and a current ratio of 3.87. The stock has a market capitalization of $24.14 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.76 and a beta of 2.00. The company’s fifty day moving average is $32.96 and its two-hundred day moving average is $31.56. Super Micro Computer, Inc. has a 1 year low of $19.48 and a 1 year high of $58.78.

Super Micro Computer (NASDAQ:SMCI – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.78. The company had revenue of $11.12 billion for the quarter, compared to analysts’ expectations of $11.60 billion. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%.The firm’s quarterly revenue was up 93.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. On average, sell-side analysts predict that Super Micro Computer, Inc. will post 4.04 earnings per share for the current year.

About Super Micro Computer

(Free Report)

Super Micro Computer, Inc, doing business as Supermicro, develops and sells application-optimized server and storage systems. Its product portfolio includes servers, workstations, storage platforms, networking equipment, motherboards, chassis, power supplies and related software and support services.

The company also provides high-performance computing and data center infrastructure, including systems designed for artificial intelligence, machine learning, cloud computing, enterprise applications, telecommunications and edge computing.

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