Simplicity Solutions LLC Purchases New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

Posted by Defense World Staff on Apr 26th, 2023

Simplicity Solutions LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,485 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SummerHaven Investment Management LLC lifted its stake in Super Micro Computer by 0.7% in the 4th quarter. SummerHaven Investment Management LLC now owns 18,937 shares of the company’s stock worth $1,555,000 after acquiring an additional 131 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Super Micro Computer by 0.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 27,400 shares of the company’s stock worth $2,250,000 after acquiring an additional 200 shares in the last quarter. Captrust Financial Advisors lifted its stake in Super Micro Computer by 31.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,415 shares of the company’s stock worth $57,000 after acquiring an additional 339 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Super Micro Computer in the 4th quarter worth about $29,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Super Micro Computer by 6.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,346 shares of the company’s stock worth $256,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 73.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Super Micro Computer Stock Down 5.4 %

SMCI opened at $93.28 on Wednesday. Super Micro Computer, Inc. has a fifty-two week low of $37.01 and a fifty-two week high of $119.24. The business has a 50-day moving average of $101.58 and a 200-day moving average of $86.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 1.34. The company has a market capitalization of $4.92 billion, a PE ratio of 8.87 and a beta of 1.26.

Super Micro Computer (NASDAQ:SMCI – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $3.09 earnings per share 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 business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.77 billion. Equities research analysts forecast that Super Micro Computer, Inc. will post 9.93 EPS for the current fiscal year.

Insider Activity at Super Micro Computer

In related news, Director Shiu Leung Chan acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The shares were acquired at an average cost of $85.48 per share, with a total value of $256,440.00. Following the purchase, the director now owns 29,000 shares of the company’s stock, valued at $2,478,920. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Shiu Leung Chan acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The shares were acquired at an average cost of $85.48 per share, with a total value of $256,440.00. Following the purchase, the director now owns 29,000 shares of the company’s stock, valued at $2,478,920. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tally C. Liu sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $83.27, for a total value of $416,350.00. Following the completion of the transaction, the director now directly owns 24,396 shares in the company, valued at $2,031,454.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,000 shares of company stock valued at $673,430. Corporate insiders own 14.50% of the company’s stock.

About Super Micro Computer

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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.