Littlejohn Financial Services Inc. Buys Shares of 25,041 Super Micro Computer, Inc. (NASDAQ:SMCI)

Littlejohn Financial Services Inc. acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,041 shares of the company's stock, valued at approximately $857,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC raised its stake 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 buying an additional 893 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Super Micro Computer in the 1st quarter worth approximately $34,000. Bernard Wealth Management Corp. acquired a new position in Super Micro Computer in the 4th quarter worth about $33,000. Finally, AlphaQuest LLC increased its stake in 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 in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI traded up $0.78 during trading hours on Friday, reaching $41.55. The stock had a trading volume of 25,359,202 shares, compared to its average volume of 71,319,051. The business's fifty day moving average is $36.42 and its two-hundred day moving average is $36.74. The company has a market cap of $24.80 billion, a price-to-earnings ratio of 20.86 and a beta of 1.40. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month 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.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced 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. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. As a group, research analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup started coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They set a "neutral" rating and a $39.00 target price on the stock. Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and cut their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. JPMorgan Chase & Co. lowered their price objective on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Wedbush reissued 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. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $45.63.

Insiders Place Their Bets

In related news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction dated 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 owns 88,599 shares in the company, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.60% of the company's stock.

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.