Centerpoint Advisory Group Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Centerpoint Advisory Group acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,360 shares of the company's stock, valued at approximately $457,000.

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC grew its stake 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 period. AlphaQuest LLC grew its stake 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 period. Bernard Wealth Management Corp. acquired a new position in shares of Super Micro Computer in the 4th quarter worth approximately $33,000. Finally, Lindbrook Capital LLC lifted its position in shares of Super Micro Computer by 763.6% during the 4th quarter. Lindbrook Capital LLC now owns 1,114 shares of the company's stock worth $34,000 after buying an additional 985 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Analysts Set New Price Targets

SMCI has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. KGI Securities began coverage on shares of Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating on the stock. Barclays reiterated an "equal weight" rating and set a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. Citigroup started coverage on shares of Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $45.63.

Super Micro Computer Trading Up 1.9%

SMCI stock opened at $45.32 on Monday. The business has a fifty day moving average of $38.58 and a 200-day moving average of $37.39. The company has a market cap of $27.05 billion, a P/E ratio of 23.84 and a beta of 1.40. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $96.33. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38.

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

Insider Transactions at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction dated 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles Liang sold 300,000 shares of the stock in a transaction that occurred 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 now owns 66,903,640 shares in the company, valued at $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. Insiders have sold 667,000 shares of company stock worth $29,949,340 in the last three months. 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.

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