Independent Advisor Alliance Purchases 11,420 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Independent Advisor Alliance grew its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,158 shares of the company's stock after buying an additional 11,420 shares during the period. Independent Advisor Alliance's holdings in Super Micro Computer were worth $6,956,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Super Micro Computer by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company's stock worth $2,205,322,000 after buying an additional 2,415,276 shares during the period. Northern Trust Corp increased its position in shares of Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after purchasing an additional 4,605,260 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Super Micro Computer by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,771,630 shares of the company's stock worth $129,141,000 after purchasing an additional 120,496 shares during the period. Marshall Wace LLP increased its position in shares of Super Micro Computer by 416,945.0% in the fourth quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock worth $114,404,000 after purchasing an additional 3,752,505 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Super Micro Computer by 6,368.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,815,996 shares of the company's stock worth $85,832,000 after purchasing an additional 2,772,464 shares during the period. Institutional investors own 84.06% of the company's stock.

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction dated 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 sale, the director owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Liang sold 300,000 shares of the firm's 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 completion of the sale, the chief executive officer directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,067,000 shares of company stock worth $53,949,340. 17.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on SMCI shares. Mizuho raised their price target on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Northland Securities set a $59.00 target price on Super Micro Computer in a research report on Wednesday, May 7th. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Citigroup reiterated a "neutral" rating and issued a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Finally, Needham & Company LLC lifted their target price on Super Micro Computer from $39.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $44.75.

Super Micro Computer Price Performance

Shares of SMCI opened at $44.60 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.32 and a current ratio of 5.32. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $66.44. The business's 50 day moving average price is $48.61 and its two-hundred day moving average price is $41.63. The firm has a market cap of $26.62 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). The company had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.88 billion. Super Micro Computer had a return on equity of 17.14% and a net margin of 4.77%. The company's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $6.25 EPS. On average, equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS 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.

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