Clarity Capital Partners LLC Acquires Shares of 100,757 Super Micro Computer, Inc. (NASDAQ:SMCI)

Clarity Capital Partners LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 100,757 shares of the company's stock, valued at approximately $3,450,000. Super Micro Computer comprises 1.4% of Clarity Capital Partners LLC's holdings, making the stock its 14th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in Super Micro Computer by 1.3% in 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 during the period. Wahed Invest LLC increased its position in Super Micro Computer by 2.9% in 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 during the period. Shelton Capital Management increased its position in Super Micro Computer by 6.5% in the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after purchasing an additional 480 shares during the period. IMG Wealth Management Inc. increased its position in Super Micro Computer by 90.7% in the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock worth $36,000 after purchasing an additional 500 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Super Micro Computer by 60.0% in the first quarter. Golden State Wealth Management LLC now owns 1,776 shares of the company's stock worth $61,000 after purchasing an additional 666 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Down 0.5%

Shares of NASDAQ:SMCI traded down $0.24 during trading on Friday, hitting $48.51. 18,665,575 shares of the company's stock traded hands, compared to its average volume of 69,330,447. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $96.33. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The company has a market cap of $28.95 billion, a price-to-earnings ratio of 25.52 and a beta of 1.43. The company has a 50-day moving average price of $41.42 and a 200-day moving average price of $38.07.

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

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu 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 transaction of $13,500,000.00. Following the transaction, the director directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Liang sold 300,000 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 66,903,640 shares in the company, valued at approximately $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. In the last three months, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is owned by insiders.

Analyst Ratings Changes

SMCI has been the subject of several analyst reports. Raymond James Financial initiated coverage on Super Micro Computer in a research report on Wednesday, June 25th. They set an "outperform" rating for the company. Citigroup initiated coverage on Super Micro Computer in a research report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 target price for the company. Mizuho boosted their target price on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday. Wedbush restated a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. decreased their target price on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $46.06.

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.