According to the Securities and Exchange Commission (SEC) 13F filing, Xponance Inc., an institutional investor, has reduced its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 6.7% during the second quarter of this year. The firm now holds 6,809 shares in the company after selling 492 shares within that period. Based on current market prices, Xponance Inc.’s stake in Super Micro Computer is valued at $1,697,000 as of the end of this reporting period.
Super Micro Computer, a technology company listed on NASDAQ under ticker symbol SMCI, recently released its second-quarter earnings results on August 8th. In these financial results, the company reported earnings per share (EPS) of $3.43 for the quarter. This figure surpasses the consensus estimate by $0.22 as analysts had projected earnings of $3.21 per share.
Furthermore, Super Micro Computer showcased a return on equity (ROE) of 35.13% and a net margin of 8.98%. These figures indicate the company’s ability to generate profits from shareholder investments and its efficiency in controlling costs and expenses to maintain a healthy bottom line.
The firm achieved total revenue amounting to $2.18 billion during this period, slightly exceeding analyst estimates of $2.17 billion in revenue for the quarter. This demonstrates successful performance in terms of sales generation amid market expectations.
Looking ahead, sell-side analysts project that Super Micro Computer will continue its positive trajectory and anticipate earnings per share of approximately 14.37 for the current fiscal year.
Super Micro Computer operates within the highly competitive technology industry and specializes in providing advanced server solutions for data centers and cloud computing environments worldwide.
As an institutional investor reduces its stake in Super Micro Computer, it reflects their evaluation of the company’s prospects moving forward based on various factors such as financial performance, market conditions, and investment strategy. Investors and analysts will likely monitor future developments and performance indicators to gain more insights into the company’s growth potential in the coming quarters.
The information provided in this SEC filing and quarterly earnings report serves as valuable data for shareholders, potential investors, and industry observers who seek to assess Super Micro Computer’s position within the market and make informed decisions regarding their investments.
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Super Micro Computer Sees Growing Investment Interest and Positive Analyst Ratings, Positioned for Future Growth
Super Micro Computer, Inc. (NASDAQ:SMCI), a leading provider of high-performance computing solutions, has been gaining attention from hedge funds and institutional investors alike. Recent reports indicate that several major players in the investment industry have made significant modifications to their holdings of the company.
Redhawk Wealth Advisors Inc., for instance, purchased a new stake in Super Micro Computer during the second quarter of this year. The value of Redhawk’s investment is estimated at $1,950,000. Similarly, Bay Rivers Group also acquired a new stake in the company during the same period with an investment worth $345,000. Thompson Davis & CO. Inc. and Sawgrass Asset Management LLC also joined the ranks by acquiring new stakes worth $260,000 and $376,000 respectively. Lastly, Lifestyle Asset Management Inc. secured its position by purchasing a new stake valued at $249,000. As a result of these investments, institutional investors now hold a significant 72.75% ownership share in Super Micro Computer.
Equity research analysts have also taken notice of Super Micro Computer’s promising prospects and growth potential. Loop Capital recently increased its target price on the stock from $325 to $400 and issued a “buy” rating for it in a research report published on August 7th. Rosenblatt Securities reaffirmed their “buy” rating and set a target price of $375 on shares of Super Micro Computer in a report published on September 20th.
Northland Securities was not to be left behind as they boosted their target price on the stock from $300 to $345 and labeled it as an “outperform” rating back on July 21st. Wedbush also upgraded its previous “underperform” rating to a “neutral” rating with a target price of $250.
Barclays rounded off the positive assessments by issuing an “overweight” rating with a target price set at $327. This well-regarded global financial services brand initiated coverage of Super Micro Computer on September 19th.
These ratings and target prices reflect the overall sentiment among analysts, giving Super Micro Computer an average rating of “Moderate Buy” and an average target price of $332.83, according to data from Bloomberg. The optimistic outlook suggests that the company is on a path towards sustained growth and expansion.
In other news, Director Shiu Leung Chan demonstrated confidence in the stock by purchasing 4,000 shares at an average price of $265.57 per share, totaling $1,062,280. Following this transaction, Director Chan now holds 40,917 shares valued at approximately $10,866,327.69.
On the selling side, CEO Charles Liang recently sold 963 shares of the company’s stock at an average price of $329.05 per share for a total value of $316,875.15. With this sale completed, Liang still possesses 1,827 shares worth around $601,174.35.
Insiders have been actively involved in trading Super Micro Computer’s shares over the past 90 days with a total volume of over 10,091 shares sold amounting to about $2,815,408 in value. These insider trades represent approximately 14.50% ownership currently held by corporate insiders.
Super Micro Computer opened at a price of $249.21 on September 27th on NASDAQ (NASDAQ:SMCI). The company boasts a market capitalization of around $13.18 billion along with a favorable price-to-earnings ratio of 21.77 and a beta coefficient indicating above-average volatility at 1.29.
Despite fluctuations in its stock value over the past year with lows of $50.28 and highs reaching as high as $357.00, Super Micro Computer has demonstrated resilience and stability throughout the ever-changing market conditions. The company’s current ratio stands at a healthy 2.31, indicating its ability to meet short-term obligations, while the quick ratio is 1.26, suggesting its readiness to cover immediate liabilities. Additionally, with a debt-to-equity ratio of only 0.06, Super Micro Computer’s financial position appears solid.
As of September 27, Super Micro Computer has maintained a fifty-day moving average price of $280.15 and a two-hundred-day moving average price of $209.68.
Overall, Super Micro Computer continues to gain attention from prestigious investors and equity research analysts alike due to its impressive growth potential and favorable market conditions. With ongoing investments and positive ratings from experts, the company is well-positioned for future success in the high-performance computing industry.
