Mutual of America Capital Management LLC Buys 11,342 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Mutual of America Capital Management LLC grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) by 26.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,182 shares of the company’s stock after purchasing an additional 11,342 shares during the quarter. Mutual of America Capital Management LLC owned about 0.10% of Super Micro Computer worth $14,858,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new position in shares of Super Micro Computer during the third quarter worth approximately $25,000. Allworth Financial LP purchased a new position in shares of Super Micro Computer in the third quarter worth $27,000. IFP Advisors Inc increased its stake in shares of Super Micro Computer by 536.4% in the second quarter. IFP Advisors Inc now owns 1,400 shares of the company’s stock worth $34,000 after buying an additional 1,180 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of Super Micro Computer in the third quarter worth $39,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Super Micro Computer in the second quarter worth $46,000. 72.75% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Up 2.1 %

Super Micro Computer stock traded up $14.40 during mid-day trading on Thursday, reaching $698.00. The stock had a trading volume of 9,384,995 shares, compared to its average volume of 9,064,953. The company has a market capitalization of $39.04 billion, a price-to-earnings ratio of 53.36 and a beta of 1.17. The company has a 50-day moving average price of $362.44 and a two-hundred day moving average price of $306.44. Super Micro Computer, Inc. has a one year low of $85.61 and a one year high of $714.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last issued its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm earned $3.09 EPS. Super Micro Computer’s revenue was up 103.0% on a year-over-year basis. On average, analysts expect that Super Micro Computer, Inc. will post 19.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on SMCI. Nomura began coverage on shares of Super Micro Computer in a report on Friday, October 20th. They issued a “buy” rating and a $413.00 price target on the stock. Barclays lifted their price target on shares of Super Micro Computer from $335.00 to $396.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Susquehanna lifted their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a report on Tuesday, January 30th. Nomura Instinet began coverage on shares of Super Micro Computer in a report on Friday, October 20th. They issued a “buy” rating and a $413.00 price target on the stock. Finally, Rosenblatt Securities boosted their target price on shares of Super Micro Computer from $550.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $465.88.

Check Out Our Latest Stock Analysis on Super Micro Computer

Insiders Place Their Bets

In other news, Director Robert L. Blair sold 800 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $252.18, for a total transaction of $201,744.00. Following the completion of the sale, the director now owns 586 shares of the company’s stock, valued at approximately $147,777.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert L. Blair sold 800 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $252.18, for a total value of $201,744.00. Following the completion of the sale, the director now directly owns 586 shares of the company’s stock, valued at approximately $147,777.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $280.00, for a total transaction of $84,000.00. Following the completion of the sale, the director now directly owns 20,387 shares of the company’s stock, valued at $5,708,360. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,362 shares of company stock valued at $18,558,352. 17.60% of the stock is owned by insiders.

Super Micro Computer Profile

(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.

Featured Stories

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

Receive News & Ratings for Super Micro Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer and related companies with MarketBeat.com's FREE daily email newsletter.