HighPoint Advisor Group LLC Grows Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

HighPoint Advisor Group LLC increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 68.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,501 shares of the company's stock after buying an additional 51,043 shares during the quarter. HighPoint Advisor Group LLC's holdings in Super Micro Computer were worth $4,518,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SMCI. Bernard Wealth Management Corp. acquired a new stake in Super Micro Computer in the fourth quarter valued at about $33,000. Quarry LP acquired a new position in Super Micro Computer during the 4th quarter worth approximately $34,000. Central Pacific Bank Trust Division bought a new position in Super Micro Computer in the 1st quarter valued at approximately $34,000. IMG Wealth Management Inc. boosted its position in Super Micro Computer by 90.7% in the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after buying an additional 500 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Super Micro Computer by 664.9% during the first quarter. Versant Capital Management Inc now owns 1,178 shares of the company's stock worth $40,000 after buying an additional 1,024 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Down 0.5%

Shares of SMCI stock traded down $0.27 on Monday, reaching $51.50. 38,044,418 shares of the company were exchanged, compared to its average volume of 67,941,490. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The company has a 50-day moving average of $44.89 and a 200-day moving average of $39.38. The company has a market cap of $30.74 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.37 and a beta of 1.43. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $80.88.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued 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 return on equity of 20.41% and a net margin of 5.61%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. Super Micro Computer's revenue for the quarter was up 19.5% on a year-over-year basis. Analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the director directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction 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 represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 667,000 shares of company stock worth $29,949,340. Insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities reduced their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Wedbush reissued a "buy" rating on shares of Super Micro Computer in a report on Wednesday, June 25th. Barclays reaffirmed 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. Finally, Citigroup restated a "neutral" rating and issued a $52.00 price objective (up from $37.00) on shares of Super Micro Computer in a report on Friday, July 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $42.89.

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.