Lbmc Investment Advisors LLC Buys 13,685 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Lbmc Investment Advisors LLC lifted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 121.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,985 shares of the company's stock after purchasing an additional 13,685 shares during the quarter. Lbmc Investment Advisors LLC's holdings in Super Micro Computer were worth $855,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position 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 acquiring an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC bought a new stake in shares of Super Micro Computer during the 4th quarter valued at about $292,869,000. Invesco Ltd. boosted its position in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after purchasing an additional 4,605,260 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup assumed coverage on Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price target on the stock. Rosenblatt Securities cut their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Barclays reiterated an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a report on Tuesday, May 6th. Wedbush reiterated a "neutral" rating and issued a $30.00 target price (down from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and a consensus target price of $45.63.

Super Micro Computer Stock Down 5.6%

Super Micro Computer stock traded down $2.46 during mid-day trading on Thursday, reaching $41.67. The stock had a trading volume of 24,604,852 shares, compared to its average volume of 63,251,848. The company has a market capitalization of $24.87 billion, a price-to-earnings ratio of 20.92 and a beta of 1.40. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a 50-day moving average price of $36.29 and a two-hundred day moving average price of $36.61.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted 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 return on equity of 30.57% and a net margin of 8.09%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. Super Micro Computer's revenue was up 19.5% on a year-over-year basis. On average, analysts expect 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 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. The trade was a 43.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 17.60% of the company's stock.

About Super Micro Computer

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.