16,391 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Purchased by CoreCap Advisors LLC

CoreCap Advisors LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,391 shares of the company's stock, valued at approximately $500,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Cresset Asset Management LLC boosted its holdings in Super Micro Computer by 376.1% in the 4th quarter. Cresset Asset Management LLC now owns 44,097 shares of the company's stock valued at $1,344,000 after purchasing an additional 34,835 shares during the period. Cetera Investment Advisers purchased a new position in Super Micro Computer in the 4th quarter worth $6,056,000. Captrust Financial Advisors raised its position in Super Micro Computer by 1,170.5% in the 4th quarter. Captrust Financial Advisors now owns 240,179 shares of the company's stock worth $7,321,000 after purchasing an additional 221,274 shares during the period. Benjamin Edwards Inc. raised its position in Super Micro Computer by 637.1% in the 4th quarter. Benjamin Edwards Inc. now owns 6,774 shares of the company's stock worth $206,000 after purchasing an additional 5,855 shares during the period. Finally, Wahed Invest LLC raised its position in Super Micro Computer by 2.9% in the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after purchasing an additional 352 shares during the period. 84.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on SMCI. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. JPMorgan Chase & Co. dropped their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research note on Tuesday, February 11th. Finally, StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $45.25.

Insiders Place Their Bets

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the company'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 represents a 0.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Stock Performance

NASDAQ SMCI traded up $5.99 during trading on Wednesday, hitting $44.88. The company's stock had a trading volume of 126,266,915 shares, compared to its average volume of 65,797,945. The firm has a market cap of $26.78 billion, a P/E ratio of 22.53 and a beta of 1.36. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40. The firm has a 50 day moving average price of $35.30 and a 200 day moving average price of $35.02.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts forecast 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.