Axiom Investors LLC DE Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Axiom Investors LLC DE purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,304 shares of the company’s stock, valued at approximately $2,568,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC lifted its holdings in shares of Super Micro Computer by 12.3% in the 2nd quarter. CWM LLC now owns 466 shares of the company’s stock valued at $116,000 after purchasing an additional 51 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Super Micro Computer by 36.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 307 shares of the company’s stock valued at $77,000 after acquiring an additional 82 shares during the period. State of Michigan Retirement System grew its position in shares of Super Micro Computer by 0.9% during the first quarter. State of Michigan Retirement System now owns 11,800 shares of the company’s stock worth $1,257,000 after acquiring an additional 100 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Super Micro Computer by 3,333.3% in the 2nd quarter. Global Retirement Partners LLC now owns 103 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its position in Super Micro Computer by 1.6% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 6,626 shares of the company’s stock valued at $706,000 after purchasing an additional 107 shares during the last quarter. 72.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 961 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $243.62, for a total transaction of $234,118.82. Following the transaction, the director now directly owns 2,497 shares in the company, valued at $608,319.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Sherman Tuan sold 1,000 shares of Super Micro Computer stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $272.00, for a total transaction of $272,000.00. Following the completion of the transaction, the director now directly owns 27,613 shares of the company’s stock, valued at $7,510,736. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 961 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $243.62, for a total value of $234,118.82. Following the completion of the sale, the director now directly owns 2,497 shares in the company, valued at approximately $608,319.14. The disclosure for this sale can be found here. Insiders sold 24,748 shares of company stock worth $6,384,347 over the last 90 days. Company insiders own 14.50% of the company’s stock.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $304.60 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.95 and a current ratio of 2.23. Super Micro Computer, Inc. has a one year low of $69.02 and a one year high of $357.00. The firm has a market capitalization of $16.24 billion, a P/E ratio of 28.07 and a beta of 1.16. The company’s fifty day moving average is $266.95 and its two-hundred day moving average is $255.16.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SMCI shares. Nomura Instinet initiated coverage on Super Micro Computer in a research report on Friday, October 20th. They issued a “buy” rating and a $413.00 price target on the stock. StockNews.com began coverage on Super Micro Computer in a research note on Thursday, October 5th. They set a “hold” rating for the company. Barclays lifted their price objective on shares of Super Micro Computer from $327.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Nomura began coverage on shares of Super Micro Computer in a research report on Friday, October 20th. They set a “buy” rating and a $413.00 price objective for the company. Finally, Loop Capital lifted their target price on shares of Super Micro Computer from $325.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.88.

Super Micro Computer Company 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.