Inspire Investing LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI) – Defense World
Posted by admin on Jul 10th, 2022 
Inspire Investing LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) in the 1st quarter, Holdings Channel.com reports. The firm acquired 6,174 shares of the company’s stock, valued at approximately $235,000.
A number of other hedge funds also recently modified their holdings of SMCI. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Super Micro Computer by 68.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,700 shares of the company’s stock worth $163,000 after purchasing an additional 1,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Super Micro Computer by 10.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,815 shares of the company’s stock worth $183,000 after purchasing an additional 459 shares during the period. Cornerstone Investment Partners LLC bought a new position in shares of Super Micro Computer during the fourth quarter worth approximately $204,000. Allianz Asset Management GmbH bought a new position in shares of Super Micro Computer during the fourth quarter worth approximately $224,000. Finally, Lazard Asset Management LLC increased its holdings in shares of Super Micro Computer by 22.6% during the fourth quarter. Lazard Asset Management LLC now owns 5,542 shares of the company’s stock worth $243,000 after purchasing an additional 1,022 shares during the period. Hedge funds and other institutional investors own 69.00% of the company’s stock.
Several brokerages have recently commented on SMCI. StockNews.com began coverage on shares of Super Micro Computer in a report on Thursday, March 31st. They set a “hold” rating on the stock. Northland Securities lifted their price objective on shares of Super Micro Computer from $70.00 to $85.00 in a research note on Wednesday, May 4th. Finally, Loop Capital lifted their price objective on shares of Super Micro Computer from $60.00 to $100.00 in a research note on Wednesday, May 4th.
Shares of NASDAQ:SMCI opened at $40.46 on Friday. The company’s 50 day simple moving average is $47.50 and its 200 day simple moving average is $43.33. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 0.73. Super Micro Computer, Inc. has a 1 year low of $32.88 and a 1 year high of $58.34.
Super Micro Computer (NASDAQ:SMCI – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.18. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Super Micro Computer had a net margin of 3.96% and a return on equity of 15.92%. The firm’s quarterly revenue was up 51.3% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. As a group, analysts anticipate that Super Micro Computer, Inc. will post 4.04 EPS for the current fiscal year.
In other Super Micro Computer news, CEO Charles Liang sold 5,388 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $42.00, for a total value of $226,296.00. Following the sale, the chief executive officer now owns 45,305 shares in the company, valued at $1,902,810. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherman Tuan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $51.95, for a total transaction of $519,500.00. Following the completion of the sale, the director now owns 24,889 shares in the company, valued at approximately $1,292,983.55. The disclosure for this sale can be found here. Company insiders own 14.50% of the company’s stock.
Super Micro Computer Company Profile (Get Rating)
Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services.
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