Delta Investment Management LLC Buys 10,039 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Delta Investment Management LLC boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 979.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,064 shares of the company's stock after purchasing an additional 10,039 shares during the quarter. Delta Investment Management LLC's holdings in Super Micro Computer were worth $337,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SMCI. Trust Co. of Vermont boosted its position in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of 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 boosted its position in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after acquiring an additional 893 shares during the period. Toth Financial Advisory Corp bought a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $31,000. Finally, AlphaQuest LLC boosted its position in shares of Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after acquiring an additional 762 shares during the period. Institutional investors own 84.06% of the company's stock.

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Trading Down 4.5%

Shares of SMCI stock opened at $42.77 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $25.53 billion, a P/E ratio of 21.47 and a beta of 1.36. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40. The firm has a 50-day moving average price of $35.80 and a 200 day moving average price of $35.28.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. Research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SMCI. KGI Securities began coverage on Super Micro Computer in a research report on Wednesday, May 7th. They issued a "neutral" rating for the company. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Barclays reiterated an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research note on Tuesday, May 6th. Wedbush restated a "neutral" rating and issued a $30.00 price objective (down previously from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, Raymond James began coverage on shares of Super Micro Computer in a report on Tuesday, May 13th. They set an "outperform" rating and a $41.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $45.63.

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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