Capital Advisors Inc. OK Acquires 13,451 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Capital Advisors Inc. OK grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 39.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,251 shares of the company's stock after acquiring an additional 13,451 shares during the period. Capital Advisors Inc. OK's holdings in Super Micro Computer were worth $1,618,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Super Micro Computer by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company's stock worth $854,000 after purchasing an additional 302 shares in the last quarter. Wahed Invest LLC boosted 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 purchasing an additional 352 shares in the last quarter. Shelton Capital Management boosted its position in shares of Super Micro Computer by 6.5% during the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after purchasing an additional 480 shares in the last quarter. IMG Wealth Management Inc. boosted its position in shares of Super Micro Computer by 90.7% during the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock worth $36,000 after purchasing an additional 500 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of Super Micro Computer by 60.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,776 shares of the company's stock worth $61,000 after purchasing an additional 666 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the sale, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 sale, the chief financial officer directly owned 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 disclosure for this sale can be found here. Insiders sold 667,000 shares of company stock worth $29,949,340 in the last three months. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer Stock Performance

Shares of SMCI stock traded up $0.34 during trading hours on Thursday, hitting $50.36. 33,161,222 shares of the company were exchanged, compared to its average volume of 68,645,246. The firm has a fifty day simple moving average of $42.25 and a 200 day simple moving average of $38.34. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $96.33. The stock has a market capitalization of $30.06 billion, a price-to-earnings ratio of 26.49 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. Super Micro Computer's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. Research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Rosenblatt Securities cut their price objective 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. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price target for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Barclays reaffirmed an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Finally, Bank of America started coverage on shares of Super Micro Computer in a research report on Wednesday. They issued an "underperform" rating and a $35.00 price target on the stock. Four 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 issued 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 $43.88.

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.