Griffith & Werner Inc. Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Griffith & Werner Inc. purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,966 shares of the company's stock, valued at approximately $700,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clear Creek Financial Management LLC acquired a new position in Super Micro Computer in the fourth quarter valued at approximately $635,000. Nepsis Inc. bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $13,625,000. Fifth Third Bancorp lifted its stake in shares of Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after purchasing an additional 11,488 shares during the period. Griffin Asset Management Inc. bought a new position in shares of Super Micro Computer in the 4th quarter worth $931,000. Finally, Wealth Quarterback LLC bought a new position in shares of Super Micro Computer in the 4th quarter worth $435,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on SMCI shares. Citigroup started coverage on Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price objective for the company. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Wedbush restated a "neutral" rating and set a $30.00 price objective (down previously from $40.00) on shares of Super Micro Computer in a 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 research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $45.63.

Insider Activity

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the company'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 sale, the chief financial officer now owns 88,599 shares in the company, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Stock Up 0.9%

Shares of NASDAQ SMCI traded up $0.36 during midday trading on Wednesday, reaching $41.93. The company's stock had a trading volume of 19,638,562 shares, compared to its average volume of 71,807,493. The stock has a 50 day simple moving average of $35.87 and a 200-day simple moving average of $35.83. 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 $25.02 billion, a price-to-earnings ratio of 21.01 and a beta of 1.36. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating 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 business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current 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.