Nisa Investment Advisors LLC Purchases 69,254 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Nisa Investment Advisors LLC raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 105.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,230 shares of the company's stock after purchasing an additional 69,254 shares during the period. Nisa Investment Advisors LLC's holdings in Super Micro Computer were worth $4,630,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in Super Micro Computer by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company's stock valued at $854,000 after purchasing an additional 302 shares during the last quarter. Wahed Invest LLC boosted its stake in Super Micro Computer by 2.9% during the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after purchasing an additional 352 shares during the last quarter. Shelton Capital Management boosted its stake in Super Micro Computer by 6.5% during the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after purchasing an additional 480 shares during the last quarter. IMG Wealth Management Inc. boosted its stake in Super Micro Computer by 90.7% during 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 during the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Super Micro Computer by 60.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,776 shares of the company's stock valued at $61,000 after purchasing an additional 666 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction dated 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 sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the chief executive officer directly owned 66,903,640 shares in the company, valued at $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 667,000 shares of company stock valued at $29,949,340 over the last ninety days. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Stock Performance

NASDAQ SMCI traded down $1.12 on Friday, hitting $49.24. 24,813,483 shares of the company traded hands, compared to its average volume of 68,591,940. The company has a market capitalization of $29.39 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 2.31 and a beta of 1.43. 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 business's 50 day moving average price is $42.91 and its 200-day moving average price is $38.57. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $96.33.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. Equities analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on SMCI. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and cut their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Bank of America started coverage on Super Micro Computer in a research note on Wednesday. They issued an "underperform" rating and a $35.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial started coverage on Super Micro Computer in a research note on Wednesday, June 25th. They issued an "outperform" rating on the stock. Finally, Wedbush restated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $41.47.

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.