Kestra Private Wealth Services LLC Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Kestra Private Wealth Services LLC raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 30.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,019 shares of the company's stock after acquiring an additional 7,950 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Super Micro Computer were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of SMCI. Vanguard Group Inc. lifted its stake in shares of Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after buying an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new stake in Super Micro Computer in the 4th quarter worth $292,869,000. Invesco Ltd. lifted its stake in 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 purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in 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 purchasing an additional 4,605,260 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Buying and Selling at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the sale, the director owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Charles Liang sold 300,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction 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. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock valued at $29,949,340 in the last three months. Company insiders own 17.60% of the company's stock.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock traded up $1.95 during trading hours on Friday, reaching $54.47. The company's stock had a trading volume of 34,065,757 shares, compared to its average volume of 33,038,150. The firm has a 50 day moving average price of $45.94 and a 200-day moving average price of $39.91. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $73.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The stock has a market cap of $32.51 billion, a P/E ratio of 28.65, a P/E/G ratio of 2.56 and a beta of 1.43.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays reiterated an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a research note on Tuesday, May 6th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, Citigroup reiterated a "neutral" rating and issued a $52.00 price target (up previously from $37.00) on shares of Super Micro Computer in a research note on Friday, July 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.89.

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.