Victory Capital Management Inc. increased its stake in the shares of Super Micro Computer, Inc. (NASDAQ: SMCI – Get an assessment) by 32.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The company held 25,994 shares of the company after acquiring an additional 6,358 shares during the quarter. Victory Capital Management Inc. owned approximately 0.05% of Super Micro Computer worth $1,094,000 when it last filed with the Securities and Exchange Commission.
Other hedge funds have also recently increased or reduced their holdings in the company. Allspring Global Investments Holdings LLC purchased a new stock position in Super Micro Computer during Q4 for a value of approximately $1,329,000. Mercer Global Advisors Inc. ADV increased its stake in Super Micro Computer shares by 7.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,023 shares of the company worth $309,000 after purchasing an additional 509 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Super Micro Computer shares by 88.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,194 shares of the company worth $756,000 after buying an additional 8,053 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Super Micro Computer stock during Q4 for a value of approximately $998,000. Finally, Hodges Capital Management Inc. bought a new position in shares of Super Micro Computer during the 4th quarter for a value of approximately $4,912,000. 69.00% of the shares are held by institutional investors and hedge funds.
Performance of Super Microcomputer Stocks
super microcomputer stock opened at $67.03 on Tuesday. The company has a debt ratio of 0.10, a quick ratio of 0.86 and a current ratio of 1.91. The stock has a fifty-day moving average of $48.48 and a two-hundred-day moving average of $44.99. The company has a market capitalization of $3.48 billion, a price-earnings ratio of 12.67 and a beta of 1.36. Super Micro Computer, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $68.80.
Super microcomputer (NASDAQ: SMCI – Get an assessment) last released its quarterly results on Tuesday, August 9. The company reported earnings per share of $2.56 for the quarter, beating the consensus estimate of $2.17 by $0.39. The company posted revenue of $1.64 billion in the quarter, versus a consensus estimate of $1.60 billion. Super Micro Computer had a return on equity of 22.79% and a net margin of 5.49%. Super Micro Computer’s revenues increased by 52.8% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $0.75. On average, analysts expect Super Micro Computer, Inc. to post EPS of 5.07 for the current fiscal year.
Wall Street analysts predict growth
A number of stock analysts have recently released reports on the company. Susquehanna Bancshares raised its target price on Super Micro Computer by $70.00 to $88.00 and gave the stock a “positive” rating in a research note on Friday. Susquehanna raised its price target on Super Micro Computer from $70.00 to $88.00 and gave the company a “positive” rating in a research note on Friday. Loop Capital raised its price target on Super Micro Computer from $60.00 to $100.00 in a research note on Wednesday, May 4. Finally, Northland Securities raised its price target on Super Micro Computer from $85.00 to $97.00 in a Thursday, July 21 research note.
Super Micro Computer Company Profile
Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on a modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, complete racks, network devices, server management software and server subsystems, as well as support and services.
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