Keynote Financial Services LLC Purchases Shares of 803 Super Micro Computer, Inc. (NASDAQ:SMCI)

Keynote Financial Services LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 803 shares of the company’s stock, valued at approximately $334,000.

Other institutional investors also recently modified their holdings of the company. Chevy Chase Trust Holdings LLC bought a new stake in Super Micro Computer in the first quarter valued at $919,000. Larson Financial Group LLC increased its position in Super Micro Computer by 186.7% in the 1st quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock valued at $43,000 after buying an additional 28 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Super Micro Computer during the 1st quarter worth approximately $383,000. Insight Advisors LLC PA bought a new position in Super Micro Computer in the first quarter worth approximately $328,000. Finally, Benedetti & Gucer Inc. acquired a new stake in Super Micro Computer in the first quarter valued at approximately $583,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Trading Up 12.2 %

NASDAQ:SMCI opened at $25.48 on Friday. The firm’s 50 day moving average is $42.72 and its 200 day moving average is $65.35. Super Micro Computer, Inc. has a 12 month low of $20.20 and a 12 month high of $122.90. The stock has a market capitalization of $14.25 billion, a PE ratio of 12.80 and a beta of 1.28. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last issued 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). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 142.9% compared to the same quarter last year. Sell-side analysts expect that Super Micro Computer, Inc. will post 2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Needham & Company LLC initiated coverage on Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price on the stock. Loop Capital reduced their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Cfra restated a “hold” rating and issued a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Wells Fargo & Company cut their price target on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 28th. Finally, The Goldman Sachs Group lowered their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average target price of $66.89.

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.