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

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

A number of other institutional investors have also recently made changes to their positions in SMCI. Penserra Capital Management LLC boosted its holdings in Super Micro Computer by 17.6% in the first quarter. Penserra Capital Management LLC now owns 19,390 shares of the company's stock worth $662,000 after purchasing an additional 2,908 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in Super Micro Computer by 172,907.7% in the first quarter. Riggs Asset Managment Co. Inc. now owns 22,491 shares of the company's stock valued at $770,000 after acquiring an additional 22,478 shares during the period. Concurrent Investment Advisors LLC boosted its position in Super Micro Computer by 47.0% in the first quarter. Concurrent Investment Advisors LLC now owns 32,818 shares of the company's stock worth $1,124,000 after purchasing an additional 10,489 shares during the last quarter. Huntleigh Advisors Inc. bought a new stake in shares of Super Micro Computer during the 1st quarter valued at about $588,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Super Micro Computer during the 1st quarter valued at about $241,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Price Performance

SMCI stock traded down $1.45 during trading on Monday, hitting $47.11. 32,931,802 shares of the company's stock traded hands, compared to its average volume of 69,185,213. 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 $28.12 billion, a price-to-earnings ratio of 24.78 and a beta of 1.43. The business has a fifty day simple moving average of $41.42 and a 200 day simple moving average of $38.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 5.61% and a return on equity of 20.41%. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. As a group, research analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Activity

In other news, CFO David E. Weigand sold 67,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the sale, the chief financial officer 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SMCI. KGI Securities initiated coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They set a "neutral" rating for the company. Mizuho boosted their price objective on shares of Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday. Rosenblatt Securities reduced their price objective 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, Citigroup initiated coverage on Super Micro Computer in a research note on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of "Hold" and a consensus price target of $46.06.

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.