4WEALTH Advisors Inc. Buys Shares of 6,365 Super Micro Computer, Inc. (NASDAQ:SMCI)

4WEALTH Advisors Inc. purchased a new stake 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 SEC. The firm purchased 6,365 shares of the company's stock, valued at approximately $218,000.

Other hedge funds have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Super Micro Computer during the first quarter worth $5,408,000. Gibraltar Capital Management Inc. acquired a new position in Super Micro Computer in the first quarter valued at about $205,000. Sequoia Financial Advisors LLC raised its stake in Super Micro Computer by 43.2% in the first quarter. Sequoia Financial Advisors LLC now owns 19,243 shares of the company's stock valued at $659,000 after purchasing an additional 5,804 shares in the last quarter. LPL Financial LLC raised its stake in Super Micro Computer by 561.3% in the fourth quarter. LPL Financial LLC now owns 675,605 shares of the company's stock valued at $20,592,000 after purchasing an additional 573,439 shares in the last quarter. Finally, Capital Advisors Inc. OK raised its stake in Super Micro Computer by 39.8% in the first quarter. Capital Advisors Inc. OK now owns 47,251 shares of the company's stock valued at $1,618,000 after purchasing an additional 13,451 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Buying and Selling

In other Super Micro Computer news, CEO Charles Liang sold 300,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the transaction, the director directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 667,000 shares of company stock valued at $29,949,340 over the last 90 days. Company insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 0.5%

Shares of SMCI stock traded down $0.27 during trading hours on Monday, reaching $51.50. The company's stock had a trading volume of 38,044,418 shares, compared to its average volume of 67,941,490. The stock has a market capitalization of $30.74 billion, a P/E ratio of 27.09, a P/E/G ratio of 2.37 and a beta of 1.43. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $80.88. The firm's fifty day simple moving average is $44.89 and its 200 day simple moving average is $39.38. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The company 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 20.41% and a net margin of 5.61%. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. Equities research analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Bank of America assumed coverage on Super Micro Computer in a report on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. Citigroup reiterated a "neutral" rating and issued a $52.00 target price (up from $37.00) on shares of Super Micro Computer in a report on Friday, July 11th. Raymond James Financial began coverage on Super Micro Computer in a report on Wednesday, June 25th. They issued an "outperform" rating on the stock. Finally, KGI Securities began coverage on Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $42.89.

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.