First Community Trust NA Invests $401,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

First Community Trust NA acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,710 shares of the company's stock, valued at approximately $401,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after acquiring an additional 893 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after acquiring an additional 762 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in shares of Super Micro Computer in the fourth quarter worth about $33,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Super Micro Computer in the fourth quarter worth about $34,000. Institutional investors own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Raymond James assumed coverage on shares of Super Micro Computer in a report on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 target price for the company. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $40.00 to $32.00 in a report on Monday, March 24th. Citigroup initiated coverage on shares of Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price objective for the company. Finally, Wedbush reiterated a "neutral" rating and issued a $30.00 price objective (down previously from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $45.63.

Insider Transactions at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer now owns 88,599 shares of the company's stock, valued at $3,900,127.98. This trade represents a 43.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 3.5%

NASDAQ:SMCI traded down $1.42 on Friday, reaching $39.73. 34,776,375 shares of the stock traded hands, compared to its average volume of 71,809,714. The firm has a market capitalization of $23.71 billion, a price-to-earnings ratio of 19.94 and a beta of 1.36. The company's 50 day moving average is $35.84 and its 200-day moving average is $36.23. 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, 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 earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. Equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS 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.