3,000 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by KG&L Capital Management LLC

KG&L Capital Management LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $1,249,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SMCI. Acadian Asset Management LLC acquired a new position in shares of Super Micro Computer in the first quarter worth $98,000. Vanguard Group Inc. increased its position in Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after purchasing an additional 1,265,542 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Super Micro Computer by 168.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock worth $59,180,000 after purchasing an additional 36,795 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Super Micro Computer by 1,516.8% during the 1st quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock valued at $56,420,000 after buying an additional 51,906 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Super Micro Computer by 24.8% in the 2nd quarter. SG Americas Securities LLC now owns 15,432 shares of the company’s stock valued at $12,644,000 after buying an additional 3,064 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Up 6.4 %

Shares of SMCI stock opened at $27.70 on Wednesday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1 year low of $23.90 and a 1 year high of $122.90. The firm’s fifty day simple moving average is $43.93 and its 200 day simple moving average is $66.15. The firm has a market capitalization of $15.49 billion, a P/E ratio of 13.91 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer’s revenue was up 142.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. As a group, sell-side analysts predict that Super Micro Computer, Inc. will post 2.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their target price for the company from $109.00 to $70.00 in a research note on Wednesday, August 7th. Susquehanna upped their price objective on shares of Super Micro Computer from $28.50 to $32.50 and gave the stock a “negative” rating in a report on Monday, July 15th. Barclays lowered their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Nomura downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 price target for the company. in a research note on Wednesday, July 10th. Finally, Nomura Securities downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $71.33.

Super Micro Computer Profile

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.