AIA Group Ltd Has $995,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

AIA Group Ltd reduced its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 37.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the company’s stock after selling 2,100 shares during the quarter. AIA Group Ltd’s holdings in Super Micro Computer were worth $995,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Super Micro Computer by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company’s stock worth $265,007,000 after buying an additional 197,980 shares in the last quarter. BlackRock Inc. increased its position in shares of Super Micro Computer by 8.7% in the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after buying an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Super Micro Computer by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock valued at $62,035,000 after buying an additional 171,335 shares in the last quarter. State Street Corp increased its holdings in Super Micro Computer by 3.6% during the 1st quarter. State Street Corp now owns 1,532,138 shares of the company’s stock worth $163,249,000 after purchasing an additional 53,564 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after purchasing an additional 1,319,768 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $713.65 on Friday. The firm has a market cap of $39.91 billion, a PE ratio of 55.71, a price-to-earnings-growth ratio of 0.82 and a beta of 1.28. The firm’s fifty day moving average is $956.38 and its 200-day moving average is $547.85. 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, Inc. has a 52 week low of $93.19 and a 52 week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The company had revenue of $3.66 billion for 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%. Super Micro Computer’s revenue was up 103.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.09 earnings per share. Sell-side analysts predict that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SMCI shares. The Goldman Sachs Group began coverage on Super Micro Computer in a report on Monday, March 4th. They set a “neutral” rating and a $941.00 target price for the company. Wells Fargo & Company initiated coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price objective for the company. Bank of America raised their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target for the company. Finally, Susquehanna lifted their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $949.85.

Insider Activity at Super Micro Computer

In related 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 in the company, valued at $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Insiders have sold a total of 34,989 shares of company stock worth $30,113,681 over the last quarter. Company insiders own 17.60% of the company’s stock.

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.