Centric Wealth Management Acquires 80,000 Shares of Super Micro Computer, Inc. $SMCI

Key Points

• Centric Wealth Management increased its stake in Super Micro Computer, Inc. by 109.6% during the first quarter, owning 153,005 shares valued at around $5.24 million.
• Super Micro Computer's stock is currently down 5.5% and has a market cap of $24.79 billion, with a 12-month price range between $17.25 and $66.44.
• The company reported earnings of $0.41 per share for the last quarter, missing estimates, while revenue increased by 8.5% year over year, reaching $5.76 billion.

Centric Wealth Management boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 109.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,005 shares of the company's stock after buying an additional 80,000 shares during the period. Super Micro Computer comprises 1.4% of Centric Wealth Management's portfolio, making the stock its 14th largest holding. Centric Wealth Management's holdings in Super Micro Computer were worth $5,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Super Micro Computer by 1.3% during the first 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. Fairscale Capital LLC lifted its position in shares of Super Micro Computer by 13.3% during the first quarter. Fairscale Capital LLC now owns 2,698 shares of the company's stock worth $92,000 after purchasing an additional 317 shares in the last quarter. Wahed Invest LLC lifted its position in shares of Super Micro Computer by 2.9% during the fourth 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. Horizon Investments LLC lifted its position in shares of Super Micro Computer by 5.2% during the first quarter. Horizon Investments LLC now owns 7,234 shares of the company's stock worth $248,000 after purchasing an additional 355 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Super Micro Computer by 32.9% during the first quarter. Smartleaf Asset Management LLC now owns 1,590 shares of the company's stock worth $54,000 after purchasing an additional 394 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Activity

In other news, CEO Charles Liang sold 200,000 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $60.00, for a total value of $12,000,000.00. Following the completion of the sale, the chief executive officer directly owned 40,426,120 shares of the company's stock, valued at $2,425,567,200. This represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $60.00, for a total value of $12,000,000.00. Following the completion of the sale, the director directly owned 40,426,120 shares of the company's stock, valued at approximately $2,425,567,200. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,040,000 shares of company stock valued at $52,755,200 in the last ninety days. 16.30% of the stock is owned by insiders.

Super Micro Computer Trading Down 5.5%

Shares of SMCI stock traded down $2.43 on Friday, reaching $41.54. The company had a trading volume of 36,727,979 shares, compared to its average volume of 33,210,516. The company has a current ratio of 5.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.74. The stock has a market cap of $24.69 billion, a PE ratio of 25.02, a PEG ratio of 1.04 and a beta of 1.56. The company has a 50-day moving average of $48.99 and a 200-day moving average of $42.81. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $66.44.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). The company had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.88 billion. Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The business's revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $6.25 earnings per share. Super Micro Computer has set its Q1 2026 guidance at 0.400-0.520 EPS. FY 2026 guidance at EPS. On average, equities analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup reiterated a "neutral" rating and set a $52.00 target price (up from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Northland Securities set a $59.00 price objective on Super Micro Computer in a report on Wednesday, May 7th. Zacks Research raised Super Micro Computer to a "hold" rating in a report on Monday, August 11th. Needham & Company LLC boosted their price objective on Super Micro Computer from $39.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Barclays boosted their price objective on Super Micro Computer from $29.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.31.

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.