Militia Capital Management LLC Purchases New Position in Super Micro Computer, Inc. $SMCI

Militia Capital Management LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 1st quarter, Holdings Channel reports. The fund acquired 21,436 shares of the company’s stock, valued at approximately $488,000.

Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Super Micro Computer by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 13,808,499 shares of the company’s stock worth $402,627,000 after purchasing an additional 41,314 shares in the last quarter. Invesco Ltd. boosted its position in shares of Super Micro Computer by 21.2% in the 4th quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock valued at $291,347,000 after purchasing an additional 1,738,749 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in Super Micro Computer by 16.5% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company’s stock worth $476,905,000 after buying an additional 1,381,046 shares during the last quarter. Norges Bank purchased a new position in Super Micro Computer during the 4th quarter worth approximately $136,569,000. Finally, Dimensional Fund Advisors LP increased its position in Super Micro Computer by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,082,780 shares of the company’s stock worth $92,872,000 after buying an additional 111,388 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of research reports. Raymond James Financial reduced their price objective on Super Micro Computer from $45.00 to $39.00 in a research note on Friday, June 12th. Northland Securities set a $36.00 target price on shares of Super Micro Computer in a research report on Wednesday, July 22nd. Barclays lifted their target price on shares of Super Micro Computer from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Needham & Company LLC upped their price target on shares of Super Micro Computer from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Rosenblatt Securities set a $45.00 target price on shares of Super Micro Computer and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $39.21.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $28.64 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.66 and a quick ratio of 1.29. The stock has a fifty day moving average price of $32.07 and a 200 day moving average price of $30.45. Super Micro Computer, Inc. has a 1-year low of $19.48 and a 1-year high of $59.40. The company has a market cap of $17.22 billion, a PE ratio of 15.15, a P/E/G ratio of 0.34 and a beta of 1.95.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $12.39 billion. Super Micro Computer had a net margin of 3.70% and a return on equity of 17.49%. Super Micro Computer’s quarterly revenue was up 122.7% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS. Sell-side analysts forecast that Super Micro Computer, Inc. will post 2.1 EPS for the current year.

Super Micro Computer Profile

Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.

Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.