Centaurus Financial Inc. Acquires Shares of 6,750 Super Micro Computer, Inc. (NASDAQ:SMCI)

Centaurus Financial Inc. bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,750 shares of the company's stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SMCI. Vanguard Group Inc. lifted its holdings in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new position in Super Micro Computer in the 4th quarter valued at $292,869,000. Invesco Ltd. lifted its holdings in Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after purchasing an additional 4,605,260 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of research reports. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and cut their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Citigroup initiated coverage on Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price for the company. Finally, Wedbush reissued a "neutral" rating and set a $30.00 target price (down previously from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, eleven have assigned 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.com, the company currently has an average rating of "Hold" and an average price target of $45.63.

Insider Buying and Selling

In related news, CFO David E. Weigand sold 67,000 shares of the business'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 transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer now owns 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.60% of the stock is owned by company insiders.

Super Micro Computer Stock Up 4.2%

Shares of SMCI traded up $1.73 during midday trading on Tuesday, hitting $42.93. The company had a trading volume of 35,080,919 shares, compared to its average volume of 71,484,229. The company's 50-day simple moving average is $35.92 and its 200-day simple moving average is $36.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market capitalization of $25.62 billion, a P/E ratio of 21.57 and a beta of 1.36. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business'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. As a group, sell-side analysts expect 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.