Advisory Services Network LLC Acquires 2,385 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Advisory Services Network LLC lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 31.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,863 shares of the company’s stock after purchasing an additional 2,385 shares during the period. Advisory Services Network LLC’s holdings in Super Micro Computer were worth $2,804,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec bought a new position in Super Micro Computer during the third quarter worth about $55,943,000. Natixis Advisors L.P. boosted its stake in Super Micro Computer by 31.4% during the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after acquiring an additional 4,118 shares during the last quarter. Shilanski & Associates Inc. grew its holdings in Super Micro Computer by 2.7% during the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after purchasing an additional 134 shares during the period. Truist Financial Corp bought a new stake in Super Micro Computer in the fourth quarter valued at approximately $739,000. Finally, Geneos Wealth Management Inc. raised its holdings in Super Micro Computer by 154.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $1,344,000 after purchasing an additional 2,870 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Trading Up 4.3 %

Super Micro Computer stock opened at $883.88 on Monday. The company has a market cap of $49.44 billion, a price-to-earnings ratio of 49.54, a P/E/G ratio of 0.80 and a beta of 1.34. The firm has a 50-day moving average of $892.19 and a 200-day moving average of $650.53. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. Super Micro Computer, Inc. has a one year low of $192.50 and a one year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.42 by $1.14. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, equities analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SMCI shares. Wells Fargo & Company reduced their target price on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. Bank of America boosted their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Wedbush raised their target price on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $954.38.

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The disclosure for this sale can be found here. Company insiders own 17.60% of the company’s stock.

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.