Annex Advisory Services LLC Acquires 30,000 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Annex Advisory Services LLC increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 13.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 250,073 shares of the company's stock after acquiring an additional 30,000 shares during the period. Annex Advisory Services LLC's holdings in Super Micro Computer were worth $8,562,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Wealth Quarterback LLC bought a new stake in Super Micro Computer in the fourth quarter valued at approximately $435,000. New York Life Investment Management LLC boosted its holdings in Super Micro Computer by 907.8% in the fourth quarter. New York Life Investment Management LLC now owns 67,585 shares of the company's stock valued at $2,060,000 after acquiring an additional 60,879 shares during the last quarter. Fisher Asset Management LLC bought a new stake in Super Micro Computer in the fourth quarter valued at approximately $209,000. US Bancorp DE boosted its holdings in Super Micro Computer by 1,147.3% in the fourth quarter. US Bancorp DE now owns 28,863 shares of the company's stock valued at $880,000 after acquiring an additional 26,549 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Super Micro Computer by 842.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,065 shares of the company's stock valued at $723,000 after acquiring an additional 21,512 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

Analyst Ratings Changes

SMCI has been the topic of several analyst reports. Mizuho set a $40.00 target price on Super Micro Computer and gave the company a "neutral" rating in a report on Monday, May 19th. Citigroup initiated coverage on Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price objective on the stock. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Finally, Northland Securities set a $59.00 price objective on Super Micro Computer in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and an average price target of $45.63.

Insider Transactions at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at $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 SEC, which is available through this hyperlink. Company insiders own 17.60% of the company's stock.

Super Micro Computer Stock Down 7.6%

SMCI stock traded down $3.36 during trading on Thursday, reaching $40.77. 40,365,908 shares of the stock were exchanged, compared to its average volume of 71,419,073. The firm's 50 day moving average is $36.29 and its 200 day moving average is $36.61. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a market cap of $24.33 billion, a P/E ratio of 20.47 and a beta of 1.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 earnings per share. As a group, research analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

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.