Arkadios Wealth Advisors Makes New $318,000 Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• Arkadios Wealth Advisors invested $318,000 in Super Micro Computer, acquiring 9,279 shares during the first quarter.
• A significant amount of insider selling occurred, with CFO David E. Weigand and CEO Charles Liang selling a combined total of over $16 million in shares recently.
• Shares of Super Micro Computer have declined by 18.3% recently, trading at $46.79 despite a 52-week high of $66.44.

Arkadios Wealth Advisors acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,279 shares of the company's stock, valued at approximately $318,000.

Several other hedge funds have also recently bought and sold shares of SMCI. Sei Investments Co. lifted its stake in Super Micro Computer by 617.0% during the fourth quarter. Sei Investments Co. now owns 34,422 shares of the company's stock worth $1,049,000 after purchasing an additional 29,621 shares during the last quarter. Norges Bank acquired a new position in shares of Super Micro Computer during the 4th quarter worth $10,514,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth $657,000. Wellington Management Group LLP lifted its position in shares of Super Micro Computer by 461.9% during the 4th quarter. Wellington Management Group LLP now owns 37,133 shares of the company's stock worth $1,132,000 after buying an additional 30,525 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Super Micro Computer by 916.5% in the fourth quarter. Alliancebernstein L.P. now owns 494,545 shares of the company's stock valued at $15,074,000 after buying an additional 445,893 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Charles Liang sold 200,000 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the transaction, the chief executive officer directly owned 40,426,120 shares in the company, valued at approximately $2,425,567,200. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the transaction, the chief financial officer directly owned 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,067,000 shares of company stock valued at $53,949,340 over the last quarter. Company insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 0.3%

Shares of SMCI stock traded down $0.12 during trading hours on Thursday, hitting $46.67. 43,781,361 shares of the company were exchanged, compared to its average volume of 57,260,535. The company has a 50 day simple moving average of $48.40 and a two-hundred day simple moving average of $41.32. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $66.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The firm has a market cap of $27.85 billion, a P/E ratio of 28.11, a P/E/G ratio of 2.79 and a beta of 1.46.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). Super Micro Computer had a return on equity of 17.24% and a net margin of 4.77%. The business had revenue of $5.76 billion during the quarter, compared to analysts' expectations of $5.88 billion. During the same quarter in the previous year, the firm earned $6.25 EPS. Super Micro Computer's quarterly revenue was up 8.5% on a year-over-year basis. Equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Rosenblatt Securities lowered their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price objective on shares of Super Micro Computer from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Needham & Company LLC boosted their target price on shares of Super Micro Computer from $39.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Raymond James Financial started coverage on Super Micro Computer in a research note on Wednesday, June 25th. They issued an "outperform" rating for the company. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $44.75.

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.