Kingswood Wealth Advisors LLC Has $934,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Kingswood Wealth Advisors LLC lowered its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 69.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 27,252 shares of the company's stock after selling 62,517 shares during the period. Kingswood Wealth Advisors LLC's holdings in Super Micro Computer were worth $934,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC boosted its position 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 in the last quarter. AlphaQuest LLC grew its stake in Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after purchasing an additional 762 shares during the period. Bernard Wealth Management Corp. bought a new stake in Super Micro Computer in the fourth quarter worth approximately $33,000. Finally, Lindbrook Capital LLC increased its holdings in Super Micro Computer by 763.6% in the fourth quarter. Lindbrook Capital LLC now owns 1,114 shares of the company's stock worth $34,000 after purchasing an additional 985 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Price Performance

SMCI opened at $44.47 on Friday. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. The firm has a 50-day moving average of $38.33 and a 200 day moving average of $37.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The firm has a market cap of $26.54 billion, a P/E ratio of 23.39 and a beta of 1.40.

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

Wall Street Analyst Weigh In

SMCI has been the topic of several research analyst reports. Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Needham & Company LLC restated a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Northland Securities set a $59.00 price target on Super Micro Computer in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $45.63.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the sale, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which is available through this link. 17.60% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.