Mutual Advisors LLC Invests $201,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mutual Advisors LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,511 shares of the company's stock, valued at approximately $201,000.

Other hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Super Micro Computer in the 1st quarter worth $5,408,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Super Micro Computer by 43.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 19,243 shares of the company's stock worth $659,000 after buying an additional 5,804 shares during the period. LPL Financial LLC lifted its holdings in shares of Super Micro Computer by 561.3% in the 4th quarter. LPL Financial LLC now owns 675,605 shares of the company's stock worth $20,592,000 after buying an additional 573,439 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Super Micro Computer in the 4th quarter worth $1,176,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Super Micro Computer by 796.5% in the 4th quarter. Nuveen Asset Management LLC now owns 1,446,722 shares of the company's stock worth $44,096,000 after buying an additional 1,285,355 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO David E. Weigand sold 67,000 shares of the stock in a transaction dated 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 directly owned 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Liang 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 sale, the chief executive officer 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. Over the last three months, insiders have sold 667,000 shares of company stock valued at $29,949,340. Company insiders own 17.60% of the company's stock.

Super Micro Computer Stock Performance

Shares of SMCI stock traded down $1.12 during mid-day trading on Friday, reaching $49.24. The stock had a trading volume of 24,813,483 shares, compared to its average volume of 68,591,940. The business's fifty day moving average is $42.91 and its 200-day moving average is $38.57. 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 firm has a market cap of $29.39 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.31 and a beta of 1.43. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $96.33.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced 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 business 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 company's revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. On average, research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMCI has been the subject of several research reports. Barclays reiterated an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a report on Tuesday, May 6th. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Northland Securities set a $59.00 price target on Super Micro Computer in a research report on Wednesday, May 7th. KGI Securities started coverage on Super Micro Computer in a research report on Wednesday, May 7th. They issued a "neutral" rating for the company. Finally, Needham & Company LLC reissued a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $41.47.

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.