Parsons Capital Management Inc. RI Purchases New Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Parsons Capital Management Inc. RI purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 267 shares of the company’s stock, valued at approximately $270,000.

A number of other large investors also recently bought and sold shares of SMCI. International Assets Investment Management LLC raised its holdings in Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after buying an additional 1,319,768 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Super Micro Computer during the third quarter valued at approximately $140,751,000. Norges Bank purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $95,211,000. FMR LLC raised its holdings in shares of Super Micro Computer by 161.2% during the third quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after purchasing an additional 295,835 shares during the last quarter. Finally, Wolf Hill Capital Management LP purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $77,996,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders sold a total of 34,989 shares of company stock worth $30,113,681 over the last three months. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Price Performance

Shares of SMCI traded up $70.04 during mid-day trading on Friday, reaching $857.44. The stock had a trading volume of 7,068,025 shares, compared to its average volume of 5,787,591. The firm has a market cap of $47.96 billion, a price-to-earnings ratio of 66.94, a PEG ratio of 0.76 and a beta of 1.28. Super Micro Computer, Inc. has a 12 month low of $93.34 and a 12 month high of $1,229.00. The business has a fifty day moving average of $948.90 and a 200 day moving average of $568.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly 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. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company’s revenue was up 103.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.09 earnings per share. Equities analysts predict that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on SMCI. Barclays boosted their price objective on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Loop Capital boosted their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Bank of America boosted their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Argus began coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price for the company. Finally, Northland Securities boosted their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $949.85.

About Super Micro Computer

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.