Cerity Partners LLC Buys 17,694 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Cerity Partners LLC grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 109.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,800 shares of the company's stock after buying an additional 17,694 shares during the period. Cerity Partners LLC's holdings in Super Micro Computer were worth $1,157,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Alps Advisors Inc. purchased a new position in shares of Super Micro Computer in the 1st quarter worth approximately $293,000. Nisa Investment Advisors LLC increased its holdings in Super Micro Computer by 105.0% during the first quarter. Nisa Investment Advisors LLC now owns 135,230 shares of the company's stock valued at $4,630,000 after buying an additional 69,254 shares during the period. Greenleaf Trust purchased a new stake in shares of Super Micro Computer during the 1st quarter worth $210,000. M&T Bank Corp boosted its holdings in shares of Super Micro Computer by 44.0% in the 1st quarter. M&T Bank Corp now owns 31,015 shares of the company's stock valued at $1,062,000 after buying an additional 9,479 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in shares of Super Micro Computer by 22.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 15,469 shares of the company's stock worth $530,000 after buying an additional 2,820 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Activity

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's stock in a transaction dated 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 director owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Liang sold 300,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, the chief executive officer 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 667,000 shares of company stock worth $29,949,340. 17.60% of the stock is currently owned by insiders.

Super Micro Computer Stock Down 3.2%

SMCI stock opened at $49.86 on Wednesday. The company has a 50 day moving average price of $44.89 and a two-hundred day moving average price of $39.38. 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, Inc. has a one year low of $17.25 and a one year high of $80.55. The stock has a market capitalization of $29.76 billion, a P/E ratio of 26.23, a PEG ratio of 2.51 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 20.41% and a net margin of 5.61%. The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of research analyst reports. Citigroup restated a "neutral" rating and issued a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a research note on Friday, July 11th. Rosenblatt Securities decreased their target price on 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. Mizuho lifted their price target on shares of Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. raised their price target on shares of Super Micro Computer from $35.00 to $46.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Barclays restated an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and a consensus target price of $42.89.

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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