Great Valley Advisor Group Inc. Has $3.18 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Great Valley Advisor Group Inc. lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 680.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 104,335 shares of the company's stock after buying an additional 90,964 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Super Micro Computer were worth $3,180,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Wahed Invest LLC lifted its stake in shares of Super Micro Computer by 2.9% during the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after buying an additional 352 shares during the last quarter. Shelton Capital Management raised its stake in Super Micro Computer by 6.5% in the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after purchasing an additional 480 shares in the last quarter. AlphaQuest LLC raised its stake in Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after purchasing an additional 762 shares in the last quarter. Blue Trust Inc. raised its stake in Super Micro Computer by 203.2% in the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after purchasing an additional 825 shares in the last quarter. Finally, Montag A & Associates Inc. raised its stake in Super Micro Computer by 103.6% in the 4th quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock worth $52,000 after purchasing an additional 865 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Transactions 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 shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer now owns 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

SMCI has been the subject of several analyst reports. Mizuho set a $40.00 target price on shares of Super Micro Computer and gave the company a "neutral" rating in a research report on Monday, May 19th. Barclays restated an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. Rosenblatt Securities dropped their target price 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. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Finally, Raymond James initiated coverage on shares of Super Micro Computer in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $45.63.

Super Micro Computer Trading Down 4.1%

SMCI traded down $1.68 during trading on Friday, reaching $39.47. 20,947,948 shares of the company's stock were exchanged, compared to its average volume of 71,667,902. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $23.56 billion, a PE ratio of 19.80 and a beta of 1.36. The firm has a fifty day moving average price of $35.86 and a two-hundred day moving average price of $35.99.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the firm posted $0.66 EPS. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts forecast 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.