Comerica Bank Has $3.31 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Posted by on Apr 15th, 2023

Comerica Bank boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 114.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,023 shares of the company’s stock after purchasing an additional 20,848 shares during the period. Comerica Bank owned 0.07% of Super Micro Computer worth $3,310,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Fairfield Bush & CO. acquired a new stake in Super Micro Computer in the 1st quarter valued at about $126,000. MetLife Investment Management LLC increased its holdings in shares of Super Micro Computer by 55.4% in the first quarter. MetLife Investment Management LLC now owns 25,047 shares of the company’s stock valued at $954,000 after purchasing an additional 8,927 shares in the last quarter. BlackRock Inc. lifted its holdings in Super Micro Computer by 8.7% during the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock worth $131,163,000 after buying an additional 275,725 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Super Micro Computer by 21.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock worth $114,000 after buying an additional 493 shares in the last quarter. Finally, LSV Asset Management bought a new position in Super Micro Computer in the 1st quarter valued at $259,000. Institutional investors own 73.08% of the company’s stock.

Super Micro Computer Trading Up 0.8 %

NASDAQ:SMCI opened at $109.15 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08. Super Micro Computer, Inc. has a 1-year low of $36.19 and a 1-year high of $118.36. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 10.38 and a beta of 1.26. The business’s 50-day moving average price is $98.93 and its two-hundred day moving average price is $84.06.

Super Micro Computer (NASDAQ:SMCI – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.14. Super Micro Computer had a return on equity of 37.49% and a net margin of 8.70%. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. On average, equities analysts expect that Super Micro Computer, Inc. will post 9.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of recent research reports. Northland Securities boosted their target price on Super Micro Computer from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Wedbush downgraded shares of Super Micro Computer from a “neutral” rating to an “underperform” rating and set a $65.00 target price on the stock. in a research report on Thursday, April 6th. Finally, StockNews.com began coverage on shares of Super Micro Computer in a research report on Thursday, March 16th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.00.

Insiders Place Their Bets

In other news, Director Sherman Tuan sold 1,000 shares of the business’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $87.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 24,696 shares of the company’s stock, valued at approximately $2,148,552. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Charles Liang sold 43,772 shares of the company’s stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $71.26, for a total value of $3,119,192.72. Following the completion of the transaction, the chief executive officer now owns 6,722,717 shares in the company, valued at $479,060,813.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sherman Tuan sold 1,000 shares of the stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $87.00, for a total value of $87,000.00. Following the transaction, the director now owns 24,696 shares of the company’s stock, valued at approximately $2,148,552. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,772 shares of company stock worth $7,917,123. Company insiders own 14.50% of the company’s stock.

Super Micro Computer Profile

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Super Micro Computer, Inc engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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