Lauer Wealth LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Lauer Wealth LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,250 shares of the company's stock, valued at approximately $333,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its position in shares of Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after buying an additional 762 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in Super Micro Computer during the fourth quarter worth about $33,000. Quarry LP bought a new position in shares of Super Micro Computer in the fourth quarter worth about $34,000. Central Pacific Bank Trust Division bought a new position in shares of Super Micro Computer in the first quarter worth about $34,000. Finally, IMG Wealth Management Inc. boosted its stake in shares of Super Micro Computer by 90.7% in 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 in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on SMCI shares. Barclays reissued an "equal weight" rating and issued a $34.00 price objective on shares of Super Micro Computer in a research note on Tuesday, May 6th. Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. 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. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Finally, Citigroup upped their target price on Super Micro Computer from $37.00 to $52.00 and gave the stock a "neutral" rating in a report on Friday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $41.47.

Super Micro Computer Trading Up 1.0%

NASDAQ:SMCI traded up $0.49 on Monday, reaching $49.73. 25,553,267 shares of the stock traded hands, compared to its average volume of 58,753,590. The firm has a market capitalization of $29.68 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 2.25 and a beta of 1.43. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year 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's 50 day moving average is $42.91 and its 200-day moving average is $38.63.

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 for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion during 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%. Super Micro Computer's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 earnings per share. Equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of the business's 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 transaction, the chief financial officer directly owned 88,599 shares of the company's stock, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was 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 approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 667,000 shares of company stock worth $29,949,340. 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.