Diversify Advisory Services LLC Grows Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Diversify Advisory Services LLC raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 76.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,693 shares of the company's stock after purchasing an additional 119,841 shares during the quarter. Super Micro Computer makes up approximately 0.6% of Diversify Advisory Services LLC's portfolio, making the stock its 26th largest holding. Diversify Advisory Services LLC's holdings in Super Micro Computer were worth $9,961,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC bought a new position in shares of Super Micro Computer during the 4th quarter valued at $292,869,000. Invesco Ltd. raised its position in Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Northern Trust Corp raised its position in Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after purchasing an additional 4,605,260 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the sale, the chief financial officer directly owned 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Liang sold 300,000 shares of the business'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 directly owned 66,903,640 shares in the company, valued at $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 667,000 shares of company stock worth $29,949,340. 17.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SMCI has been the topic of several recent research reports. Northland Securities set a $59.00 price target on Super Micro Computer in a research report on Wednesday, May 7th. Barclays restated an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a report on Tuesday, May 6th. JPMorgan Chase & Co. lifted their target price on shares of Super Micro Computer from $35.00 to $46.00 and gave the stock a "neutral" rating in a research note on Thursday. Rosenblatt Securities dropped their price target on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer has an average rating of "Hold" and a consensus price target of $42.89.

Super Micro Computer Stock Up 1.0%

SMCI stock traded up $0.52 during trading on Friday, reaching $53.27. 8,948,541 shares of the company traded hands, compared to its average volume of 68,002,849. The business has a 50 day simple moving average of $44.49 and a 200 day simple moving average of $39.10. 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 12 month low of $17.25 and a 12 month high of $83.50. The company has a market capitalization of $31.79 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 2.44 and a beta of 1.43.

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, beating analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same period last year, the business posted $0.66 earnings per share. The firm's revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Super Micro Computer 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.

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