Integrated Advisors Network LLC Buys Shares of 6,202 Super Micro Computer, Inc. (NASDAQ:SMCI)

Integrated Advisors Network LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,202 shares of the company's stock, valued at approximately $212,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB boosted its stake in Super Micro Computer by 1.2% during the 1st quarter. Handelsbanken Fonder AB now owns 211,942 shares of the company's stock valued at $7,257,000 after purchasing an additional 2,511 shares during the period. Nepsis Inc. grew its stake in shares of Super Micro Computer by 11.0% in the first quarter. Nepsis Inc. now owns 496,344 shares of the company's stock worth $16,995,000 after acquiring an additional 49,314 shares during the last quarter. GAMMA Investing LLC increased its position in Super Micro Computer by 129.3% during the first quarter. GAMMA Investing LLC now owns 14,543 shares of the company's stock worth $498,000 after acquiring an additional 8,202 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in Super Micro Computer during the 1st quarter valued at $738,000. Finally, Farther Finance Advisors LLC boosted its holdings in Super Micro Computer by 25.1% in the 1st quarter. Farther Finance Advisors LLC now owns 6,204 shares of the company's stock valued at $217,000 after purchasing an additional 1,245 shares during the period. Institutional investors own 84.06% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Mizuho set a $40.00 price target on Super Micro Computer and gave the company a "neutral" rating in a research note on Monday, May 19th. Raymond James started coverage on Super Micro Computer in a report on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 price target for the company. Needham & Company LLC reissued a "buy" rating and set a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, Wedbush restated a "neutral" rating and set a $30.00 price objective (down from $40.00) on shares of Super Micro Computer in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and an average price target of $45.63.

Insider Buying and Selling

In related 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 completion of the transaction, the chief financial officer now owns 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded up $2.13 during trading on Monday, reaching $43.69. The stock had a trading volume of 33,633,346 shares, compared to its average volume of 70,683,012. The stock has a market capitalization of $26.07 billion, a PE ratio of 21.93 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40. The business's 50-day moving average price is $37.59 and its 200 day moving average price is $37.23.

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