Jaffetilchin Investment Partners LLC Invests $688,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Jaffetilchin Investment Partners LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,102 shares of the company's stock, valued at approximately $688,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Super Micro Computer during the 1st quarter valued at $34,000. IMG Wealth Management Inc. raised its stake in shares of Super Micro Computer by 90.7% during the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after purchasing an additional 500 shares during the period. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the director now owns 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the 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 completion of the sale, the chief financial officer now owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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 $1.69 during midday trading on Friday, reaching $47.58. The stock had a trading volume of 53,677,127 shares, compared to its average volume of 69,605,084. The company's 50-day moving average is $39.89 and its 200 day moving average is $37.55. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $96.33. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $28.40 billion, a price-to-earnings ratio of 25.03 and a beta of 1.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) 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 firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same period in the prior year, the business earned $0.66 EPS. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday. Northland Securities set a $59.00 target price on Super Micro Computer in a research note on Wednesday, May 7th. KGI Securities began coverage on Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating on the stock. Rosenblatt Securities decreased their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.63.

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.