Natixis Advisors L.P. Invests $2.10 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)

Posted by Defense World Staff on Sep 3rd, 2023

Natixis Advisors L.P. purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,703 shares of the company’s stock, valued at approximately $2,100,000.

Several other hedge funds have also recently bought and sold shares of SMCI. Fairfield Bush & CO. acquired a new position in Super Micro Computer during the first quarter worth $126,000. MetLife Investment Management LLC increased its position in Super Micro Computer by 55.4% during the first quarter. MetLife Investment Management LLC now owns 25,047 shares of the company’s stock worth $954,000 after buying an additional 8,927 shares during the last quarter. BlackRock Inc. increased its position in Super Micro Computer by 8.7% during the first 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 during the last quarter. Great West Life Assurance Co. Can increased its position in Super Micro Computer by 21.1% during the first 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 during the last quarter. Finally, LSV Asset Management acquired a new position in Super Micro Computer during the first quarter worth $259,000. 72.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wedbush raised shares of Super Micro Computer from an “underperform” rating to a “neutral” rating and set a $250.00 target price on the stock in a research report on Wednesday, August 23rd. Susquehanna upped their price target on shares of Super Micro Computer from $90.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, August 10th. Rosenblatt Securities restated a “buy” rating and set a $375.00 price target on shares of Super Micro Computer in a report on Tuesday, August 8th. Northland Securities upped their price target on shares of Super Micro Computer from $300.00 to $345.00 and gave the company an “outperform” rating in a report on Friday, July 21st. Finally, Loop Capital upped their price target on shares of Super Micro Computer from $325.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $287.50.

View Our Latest Stock Analysis on SMCI

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 963 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $329.05, for a total value of $316,875.15. Following the transaction, the chief executive officer now directly owns 1,827 shares of the company’s stock, valued at $601,174.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Super Micro Computer news, SVP George Kao sold 5,160 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $269.99, for a total value of $1,393,148.40. Following the transaction, the senior vice president now directly owns 7,338 shares of the company’s stock, valued at $1,981,186.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles Liang sold 963 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $329.05, for a total transaction of $316,875.15. Following the completion of the transaction, the chief executive officer now directly owns 1,827 shares in the company, valued at $601,174.35. The disclosure for this sale can be found here. Insiders sold a total of 7,123 shares of company stock valued at $1,982,024 over the last quarter. Corporate insiders own 14.50% of the company’s stock.

Super Micro Computer Stock Up 2.6 %

NASDAQ SMCI opened at $282.16 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.31. The stock has a market cap of $14.81 billion, a PE ratio of 24.64 and a beta of 1.24. The firm has a 50-day simple moving average of $280.83 and a 200 day simple moving average of $189.38. Super Micro Computer, Inc. has a twelve month low of $50.28 and a twelve month high of $357.00.

Super Micro Computer (NASDAQ:SMCI – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.22. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. Super Micro Computer had a net margin of 8.98% and a return on equity of 35.13%. On average, research analysts forecast that Super Micro Computer, Inc. will post 14.37 EPS for the current year.

About Super Micro Computer

(Free Report)

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.