Lifeworks Advisors LLC Invests $370,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Lifeworks Advisors LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,799 shares of the company's stock, valued at approximately $370,000.

Several other hedge funds also recently bought and sold shares of SMCI. Bernard Wealth Management Corp. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $33,000. Quarry LP acquired a new position in Super Micro Computer in the fourth quarter valued at $34,000. Central Pacific Bank Trust Division acquired a new position in Super Micro Computer in the first quarter valued at $34,000. IMG Wealth Management Inc. boosted its holdings in Super Micro Computer by 90.7% in the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after acquiring an additional 500 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Super Micro Computer by 664.9% in the first quarter. Versant Capital Management Inc now owns 1,178 shares of the company's stock valued at $40,000 after acquiring an additional 1,024 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SMCI. JPMorgan Chase & Co. lifted their target price on Super Micro Computer from $35.00 to $46.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Citigroup reiterated a "neutral" rating and issued a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a report on Friday, July 11th. Rosenblatt Securities reduced their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Northland Securities set a $59.00 price objective on Super Micro Computer in a research note on Wednesday, May 7th. Finally, Raymond James Financial began coverage on Super Micro Computer in a research note on Wednesday, June 25th. They set an "outperform" rating on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and an average price target of $42.89.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction 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 transaction, the chief executive officer directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David E. Weigand sold 67,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the sale, the chief financial officer owned 88,599 shares of the company's stock, valued at $3,900,127.98. This trade represents a 43.06% 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. Company insiders own 17.60% of the company's stock.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI traded up $1.95 during trading on Friday, hitting $54.47. 34,065,757 shares of the company traded hands, compared to its average volume of 33,038,150. The stock has a market capitalization of $32.51 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.56 and a beta of 1.43. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $73.00. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. The business's fifty day moving average is $45.94 and its 200-day moving average is $39.91.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. As a group, equities analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

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.