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

KG&L Capital Management LLC purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,000 shares of the company’s stock, valued at approximately $1,249,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Super Micro Computer in the 1st quarter worth about $98,000. Vanguard Group Inc. grew its holdings 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 buying an additional 1,265,542 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Super Micro Computer by 168.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock valued at $59,180,000 after acquiring an additional 36,795 shares during the period. Nordea Investment Management AB raised its stake in 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 acquiring an additional 51,906 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Super Micro Computer by 24.8% during the 2nd quarter. SG Americas Securities LLC now owns 15,432 shares of the company’s stock worth $12,644,000 after acquiring an additional 3,064 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Susquehanna lifted their price objective on shares of Super Micro Computer from $28.50 to $32.50 and gave the company a “negative” rating in a research note on Monday, July 15th. Bank of America lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $109.00 to $70.00 in a research note on Wednesday, August 7th. Nomura lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 price objective on the stock. in a research note on Wednesday, July 10th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Cfra reiterated a “hold” rating and set a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $71.33.

Super Micro Computer Stock Up 6.4 %

SMCI stock opened at $27.70 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. 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, Inc. has a 52-week low of $23.90 and a 52-week high of $122.90. The company’s 50 day simple moving average is $43.93 and its 200-day simple moving average is $66.15.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.14). The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. Super Micro Computer’s revenue for the quarter was up 142.9% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities research analysts anticipate that Super Micro Computer, Inc. will post 2.85 EPS for the current year.

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.