Dimensional Fund Advisors LP Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Dimensional Fund Advisors LP acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 294,982 shares of the company's stock, valued at approximately $8,991,000. Dimensional Fund Advisors LP owned approximately 0.05% of Super Micro Computer as of its most recent filing with the Securities and Exchange Commission.

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A number of other hedge funds have also made changes to their positions in SMCI. Vanguard Group Inc. raised its holdings in shares of Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the last quarter. FMR LLC bought a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $292,869,000. Invesco Ltd. boosted its position in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Super Micro Computer by 416,945.0% in the fourth quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock worth $114,404,000 after buying an additional 3,752,505 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of recent analyst reports. Mizuho set a $34.00 price objective on Super Micro Computer in a research note on Tuesday. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Northland Securities set a $59.00 price objective on Super Micro Computer in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $45.53.

• What the New Quarter Says About Super Micro Computer's Future

Get Our Latest Report on SMCI

Super Micro Computer Stock Down 0.3 %

SMCI stock opened at $32.02 on Friday. The stock has a fifty day moving average of $35.37 and a 200-day moving average of $35.17. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 16.07 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

• Warning or Opportunity After Super Micro Computer's Earnings

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. As a group, equities research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 over the last ninety days. Insiders own 17.60% of the company's stock.

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.

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