5,511 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Mutual Advisors LLC

Mutual Advisors LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,511 shares of the company's stock, valued at approximately $201,000.

Several other large investors have also recently made changes to their positions in SMCI. Allspring Global Investments Holdings LLC increased its position in shares of Super Micro Computer by 1.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company's stock valued at $854,000 after acquiring an additional 302 shares during the last quarter. Wahed Invest LLC lifted its position in shares of Super Micro Computer by 2.9% during the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after buying an additional 352 shares during the last quarter. Shelton Capital Management increased its holdings in shares of Super Micro Computer by 6.5% in the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after acquiring an additional 480 shares during the period. IMG Wealth Management Inc. increased its holdings in shares of Super Micro Computer by 90.7% in the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after acquiring an additional 500 shares during the period. Finally, Golden State Wealth Management LLC increased its holdings in shares of Super Micro Computer by 60.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,776 shares of the company's stock valued at $61,000 after acquiring an additional 666 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SMCI has been the topic of several research analyst reports. Rosenblatt Securities decreased their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Northland Securities set a $59.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. Citigroup started coverage on shares of Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price on the stock. Bank of America began coverage on shares of Super Micro Computer in a research note on Wednesday. They set an "underperform" rating and a $35.00 price objective for the company. Finally, 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 report on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $43.88.

Insiders Place Their Bets

In other news, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was 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 in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business'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 value of $13,500,000.00. Following the completion of the transaction, the director owned 66,903,640 shares in the company, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Stock Up 1.9%

SMCI stock opened at $50.02 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The stock has a market capitalization of $29.85 billion, a P/E ratio of 26.31 and a beta of 1.43. The business has a 50-day moving average of $42.25 and a 200-day moving average of $38.34. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $96.33.

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, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion for 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 revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, sell-side analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Super Micro Computer 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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