Focused Wealth Management Inc Buys 10,000 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Focused Wealth Management Inc grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 47.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,163 shares of the company's stock after acquiring an additional 10,000 shares during the quarter. Focused Wealth Management Inc's holdings in Super Micro Computer were worth $1,067,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings 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 worth $30,000 after acquiring an additional 893 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Super Micro Computer in the first quarter worth about $34,000. IMG Wealth Management Inc. increased its holdings in shares of 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 acquiring an additional 500 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Super Micro Computer in the fourth quarter worth about $33,000. Finally, AlphaQuest LLC increased its holdings 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 worth $33,000 after acquiring an additional 762 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer directly owned 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Charles Liang sold 300,000 shares of Super Micro Computer 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 sale, the chief executive officer 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 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 valued at $29,949,340. Insiders own 17.60% of the company's stock.

Super Micro Computer Stock Performance

Shares of SMCI traded down $1.12 during mid-day trading on Friday, reaching $49.24. The company's stock had a trading volume of 24,813,483 shares, compared to its average volume of 68,591,940. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $96.33. The stock has a market cap of $29.39 billion, a P/E ratio of 25.90, a PEG ratio of 2.31 and a beta of 1.43. The business has a 50-day simple moving average of $42.91 and a two-hundred day simple moving average of $38.57. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The company 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 business's revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. As a group, equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Mizuho increased 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. Rosenblatt Securities decreased their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Citigroup increased their price objective on Super Micro Computer from $37.00 to $52.00 and gave the stock a "neutral" rating in a report on Friday. Needham & Company LLC reiterated a "buy" rating and set a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $41.47.

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.