Cetera Investment Advisers Purchases Shares of 198,677 Super Micro Computer, Inc. (NASDAQ:SMCI)

Cetera Investment Advisers purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 198,677 shares of the company's stock, valued at approximately $6,056,000.

Several other hedge funds also recently added to or reduced their stakes in SMCI. Captrust Financial Advisors boosted its holdings in shares of Super Micro Computer by 1,170.5% in the fourth quarter. Captrust Financial Advisors now owns 240,179 shares of the company's stock valued at $7,321,000 after acquiring an additional 221,274 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Super Micro Computer by 637.1% in the fourth quarter. Benjamin Edwards Inc. now owns 6,774 shares of the company's stock valued at $206,000 after acquiring an additional 5,855 shares during the period. Wahed Invest LLC boosted its holdings in shares of Super Micro Computer by 2.9% in the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after acquiring an additional 352 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $1,070,000. Finally, Triumph Capital Management acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $302,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last 90 days. 17.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on SMCI. Barclays reissued an "equal weight" rating and issued a $34.00 price objective on shares of Super Micro Computer in a report on Tuesday, May 6th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. KGI Securities began coverage on Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating for the company. Wedbush reaffirmed a "neutral" rating and set a $30.00 price target (down from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $45.25.

Super Micro Computer Trading Up 16.0%

NASDAQ:SMCI opened at $38.89 on Wednesday. The stock has a fifty day moving average price of $35.30 and a two-hundred day moving average price of $35.02. The stock has a market capitalization of $23.21 billion, a price-to-earnings ratio of 19.52 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 earnings per share. As a group, sell-side analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

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.

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