Blackhawk Capital Partners LLC. Buys New Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Blackhawk Capital Partners LLC. acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 51,050 shares of the company's stock, valued at approximately $1,748,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Super Micro Computer in the 1st quarter valued at about $34,000. IMG Wealth Management Inc. lifted 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 purchasing an additional 500 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at about $33,000. Finally, AlphaQuest LLC lifted its holdings in shares of Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after purchasing an additional 762 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on SMCI. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Wall Street Zen raised Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Bank of America began coverage on Super Micro Computer in a research note on Wednesday. They set an "underperform" rating and a $35.00 price objective for the company. KGI Securities began coverage on Super Micro Computer in a research note on Wednesday, May 7th. They set a "neutral" rating for the company. Finally, Barclays reaffirmed an "equal weight" rating and set a $34.00 price objective on shares of Super Micro Computer in a research note on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Super Micro Computer has an average rating of "Hold" and an average price target of $41.47.

Super Micro Computer Stock Performance

NASDAQ SMCI traded down $1.12 on Friday, hitting $49.24. 24,813,483 shares of the company's stock were exchanged, compared to its average volume of 68,591,936. 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 firm's 50-day moving average price is $42.91 and its two-hundred day moving average price is $38.57. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $96.33. The firm has a market cap of $29.39 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 2.31 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion for 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 company's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, research analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Buying and Selling

In related news, CEO Charles Liang sold 300,000 shares of the company'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 sale, the chief executive officer owned 66,903,640 shares in the company, valued at $3,010,663,800. This represents a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the company'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 completion of the sale, the chief financial officer owned 88,599 shares in the company, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 667,000 shares of company stock worth $29,949,340 in the last quarter. Company insiders own 17.60% of the company's stock.

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.