Super Micro Computer, Inc. (NASDAQ:SMCI) Stake Boosted by Nepsis Inc.

Nepsis Inc. lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 11.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 496,344 shares of the company's stock after acquiring an additional 49,314 shares during the quarter. Super Micro Computer accounts for about 4.2% of Nepsis Inc.'s investment portfolio, making the stock its 12th biggest position. Nepsis Inc. owned approximately 0.08% of Super Micro Computer worth $16,995,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SMCI. Parkside Financial Bank & Trust increased 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 valued at $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC lifted its stake in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares during the last quarter. AlphaQuest LLC boosted its holdings in Super Micro Computer by 233.0% in 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 during the fourth quarter valued at $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $34,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SMCI. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Needham & Company LLC restated a "buy" rating and set a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Barclays reiterated an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Finally, Raymond James began coverage on shares of Super Micro Computer in a research report on Tuesday, May 13th. They set an "outperform" rating and a $41.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.63.

Super Micro Computer Price Performance

Shares of SMCI traded up $0.30 during mid-day trading on Wednesday, hitting $43.21. The company's stock had a trading volume of 33,874,330 shares, compared to its average volume of 71,197,285. 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 firm has a 50-day moving average price of $36.92 and a 200 day moving average price of $37.08. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. The stock has a market capitalization of $25.79 billion, a price-to-earnings ratio of 21.69 and a beta of 1.40.

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

Insider Activity

In related news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.60% of the stock is currently owned by company insiders.

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.