Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its stake in Super Micro Computer, Inc. by 29.7% to a total of 257,659 shares, worth approximately $8.82 million.
• Super Micro Computer reported earnings of $0.31 per share for the last quarter, beating estimates, and achieved a revenue of $4.60 billion.
• The stock has seen significant insider activity, including the CFO selling 67,000 shares and a director selling 300,000 shares in recent months.

Cetera Investment Advisers grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 29.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 257,659 shares of the company's stock after purchasing an additional 58,982 shares during the period. Cetera Investment Advisers' holdings in Super Micro Computer were worth $8,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of SMCI. Bernard Wealth Management Corp. acquired a new position in Super Micro Computer during the 4th quarter worth about $33,000. Quarry LP acquired a new position in Super Micro Computer during the 4th quarter worth about $34,000. Central Pacific Bank Trust Division acquired a new position in Super Micro Computer during the 1st quarter worth about $34,000. IMG Wealth Management Inc. lifted its stake in Super Micro Computer by 90.7% during the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock worth $36,000 after acquiring an additional 500 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Super Micro Computer by 664.9% during the 1st quarter. Versant Capital Management Inc now owns 1,178 shares of the company's stock worth $40,000 after acquiring an additional 1,024 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SMCI. Needham & Company LLC reissued a "buy" rating and set a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Northland Securities set a $59.00 price target on Super Micro Computer in a report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price target on Super Micro Computer from $35.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. KGI Securities initiated coverage on Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating on the stock. Finally, Mizuho upped their price target on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and an average price target of $42.89.

Super Micro Computer Stock Performance

SMCI traded down $2.33 during trading on Friday, hitting $56.64. 40,774,767 shares of the stock were exchanged, compared to its average volume of 36,665,812. The firm has a market capitalization of $33.80 billion, a P/E ratio of 29.79, a PEG ratio of 2.87 and a beta of 1.46. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $66.44. The stock has a fifty day moving average price of $47.62 and a two-hundred day moving average price of $40.84. 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 quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The firm's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, sell-side analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Activity

In other news, CEO Charles Liang sold 300,000 shares of the business's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,067,000 shares of company stock valued at $53,949,340. Company insiders own 17.60% of the company's stock.

Super Micro Computer Company Profile

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.