Janney Montgomery Scott LLC Has $1.95 Million Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Janney Montgomery Scott LLC cut its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 17.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,067 shares of the company's stock after selling 12,071 shares during the quarter. Janney Montgomery Scott LLC's holdings in Super Micro Computer were worth $1,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMCI. Vanguard Group Inc. raised its stake in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC boosted its stake in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after buying an additional 11,580,677 shares during the last quarter. FMR LLC purchased a new position in shares of Super Micro Computer in the 4th quarter worth approximately $292,869,000. Invesco Ltd. boosted its stake in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after buying an additional 4,605,260 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SMCI has been the topic of a number of research analyst reports. KGI Securities started coverage on Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. dropped their price objective on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Rosenblatt Securities dropped their price objective 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, Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and an average price target of $45.63.

Super Micro Computer Trading Up 5.7%

Shares of SMCI stock opened at $49.27 on Friday. The company's fifty day simple moving average is $39.57 and its two-hundred day simple moving average is $37.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $96.33. The stock has a market capitalization of $29.41 billion, a price-to-earnings ratio of 25.92 and a beta of 1.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. As a group, analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Transactions at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 88,599 shares of the company's stock, valued at $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 300,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 66,903,640 shares in the company, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is currently owned by company insiders.

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.

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