Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Hollencrest Capital Management

Hollencrest Capital Management boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,330.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,436 shares of the company's stock after acquiring an additional 6,916 shares during the quarter. Hollencrest Capital Management's holdings in Super Micro Computer were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SMCI. RWQ Financial Management Services Inc. bought a new position in shares of Super Micro Computer during the first quarter valued at about $820,000. Easterly Investment Partners LLC bought a new position in shares of Super Micro Computer during the first quarter valued at about $701,000. Parcion Private Wealth LLC grew its stake in shares of Super Micro Computer by 85.5% during the first quarter. Parcion Private Wealth LLC now owns 17,968 shares of the company's stock valued at $615,000 after buying an additional 8,283 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Super Micro Computer by 0.3% during the first quarter. Victory Capital Management Inc. now owns 162,589 shares of the company's stock valued at $5,567,000 after buying an additional 457 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its stake in shares of Super Micro Computer by 46.6% during the first quarter. Wealthfront Advisers LLC now owns 69,459 shares of the company's stock valued at $2,378,000 after buying an additional 22,081 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SMCI. KGI Securities started coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating for the company. Rosenblatt Securities reduced 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. Raymond James Financial started coverage on shares of Super Micro Computer in a research report on Wednesday, June 25th. They set an "outperform" rating for the company. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price target for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Bank of America started coverage on shares of Super Micro Computer in a research report on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.89.

Insider Activity

In related news, CEO Charles Liang sold 300,000 shares of the stock in a transaction dated Wednesday, June 18th. The shares were 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 $3,010,663,800. This represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the stock in a transaction dated 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 in the company, valued at $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 667,000 shares of company stock worth $29,949,340. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Price Performance

Shares of SMCI traded down $0.98 during trading hours on Friday, reaching $51.77. 31,789,538 shares of the stock traded hands, compared to its average volume of 68,061,178. 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, Inc. has a 52-week low of $17.25 and a 52-week high of $80.88. The company's 50-day moving average price is $44.89 and its two-hundred day moving average price is $39.25. The company has a market cap of $30.90 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.37 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. On average, analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Super Micro Computer Company 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.