Huntleigh Advisors Inc. purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,161 shares of the company's stock, valued at approximately $588,000.
Other hedge funds also recently made changes to their positions in the company. OneDigital Investment Advisors LLC purchased a new position in Super Micro Computer during the first quarter worth about $241,000. Mutual Advisors LLC bought a new stake in shares of Super Micro Computer during the 1st quarter valued at about $201,000. Clarity Capital Partners LLC purchased a new position in shares of Super Micro Computer during the first quarter worth about $3,450,000. Teacher Retirement System of Texas purchased a new position in shares of Super Micro Computer during the first quarter worth about $2,638,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Super Micro Computer during the first quarter worth about $43,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
Super Micro Computer Trading Down 3.0%
Shares of NASDAQ:SMCI traded down $1.45 during trading on Monday, reaching $47.11. 32,931,802 shares of the company traded hands, compared to its average volume of 69,185,424. The firm has a market capitalization of $28.12 billion, a price-to-earnings ratio of 24.78 and a beta of 1.43. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $96.33. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The business's fifty day moving average is $41.62 and its 200-day moving average is $38.18.
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 for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 earnings per share. As a group, analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.
Analysts Set New Price Targets
SMCI has been the subject of several recent analyst reports. Citigroup initiated coverage on Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective for the company. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Northland Securities set a $59.00 price objective on Super Micro Computer in a report on Wednesday, May 7th. Raymond James Financial initiated coverage on Super Micro Computer in a report on Wednesday, June 25th. They set an "outperform" rating for the company. Finally, Rosenblatt Securities cut their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.06.
Read Our Latest Stock Report on SMCI
Insider Activity at Super Micro Computer
In related news, CEO Charles Liang sold 300,000 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the transaction, the chief executive officer owned 66,903,640 shares in the company, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the company'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 value of $2,949,340.00. Following the transaction, the chief financial officer owned 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock worth $29,949,340 over the last quarter. 17.60% of the stock is owned by corporate insiders.
Super Micro Computer Company Profile
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Free Report)
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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