First Trust Advisors LP Acquires 143 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Posted by on May 27th, 2023

First Trust Advisors LP boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,082 shares of the company’s stock after acquiring an additional 143 shares during the quarter. First Trust Advisors LP owned 0.13% of Super Micro Computer worth $5,672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Super Micro Computer by 4.3% in the third quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company’s stock valued at $265,007,000 after acquiring an additional 197,980 shares during the period. BlackRock Inc. boosted its position in Super Micro Computer by 8.7% in the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after buying an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Super Micro Computer by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,048,954 shares of the company’s stock valued at $168,218,000 after buying an additional 105,706 shares in the last quarter. State Street Corp boosted its position in Super Micro Computer by 3.7% in the third quarter. State Street Corp now owns 916,541 shares of the company’s stock valued at $50,474,000 after buying an additional 32,533 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Super Micro Computer by 12.3% in the third quarter. Nuveen Asset Management LLC now owns 617,879 shares of the company’s stock valued at $34,027,000 after buying an additional 67,674 shares in the last quarter. Institutional investors own 73.08% of the company’s stock.

Super Micro Computer Price Performance

Shares of SMCI stock opened at $219.18 on Friday. The firm’s 50 day moving average is $123.24 and its 200-day moving average is $98.99. Super Micro Computer, Inc. has a 1 year low of $37.01 and a 1 year high of $227.71. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 20.64 and a beta of 1.25. The company has a current ratio of 2.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.08.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Shiu Leung Chan acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average cost of $133.09 per share, for a total transaction of $133,090.00. Following the completion of the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $3,992,700. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Super Micro Computer news, SVP George Kao sold 553 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $135.19, for a total value of $74,760.07. Following the completion of the sale, the senior vice president now owns 7,239 shares of the company’s stock, valued at $978,640.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shiu Leung Chan bought 1,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was purchased at an average cost of $133.09 per share, with a total value of $133,090.00. Following the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $3,992,700. The disclosure for this purchase can be found here. 14.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on SMCI. Loop Capital boosted their price target on shares of Super Micro Computer from $150.00 to $200.00 in a research report on Wednesday. StockNews.com assumed coverage on shares of Super Micro Computer in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Susquehanna upped their target price on shares of Super Micro Computer from $69.00 to $90.00 in a research report on Wednesday, May 3rd. Northland Securities upped their target price on shares of Super Micro Computer from $175.00 to $200.00 in a research report on Wednesday, May 3rd. Finally, Wedbush reiterated an “underperform” rating and set a $65.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $122.00.

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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