7,053 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,053 shares of the company's stock, valued at approximately $241,000.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in Super Micro Computer by 1.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company's stock worth $854,000 after acquiring an additional 302 shares during the period. Wahed Invest LLC increased its position in Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after acquiring an additional 352 shares during the period. Shelton Capital Management increased its position in Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after acquiring an additional 480 shares during the period. IMG Wealth Management Inc. increased its position in Super Micro Computer by 90.7% during the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock worth $36,000 after acquiring an additional 500 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Super Micro Computer by 60.0% during the first quarter. Golden State Wealth Management LLC now owns 1,776 shares of the company's stock worth $61,000 after acquiring an additional 666 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Price Performance

Shares of SMCI traded up $0.05 during mid-day trading on Wednesday, reaching $53.22. The company had a trading volume of 29,972,624 shares, compared to its average volume of 68,235,882. The company's 50 day simple moving average is $43.67 and its 200 day simple moving average is $38.85. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $90.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The company has a market capitalization of $31.76 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 2.28 and a beta of 1.43.

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 for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period last year, the company posted $0.66 EPS. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. Analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Activity

In related news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the sale, the chief financial officer directly owned 88,599 shares in the company, valued at $3,900,127.98. This trade represents a 43.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction that occurred 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 sale, the director owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 667,000 shares of company stock worth $29,949,340. Corporate insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America assumed coverage on shares of Super Micro Computer in a research report on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price target on the stock. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Barclays reaffirmed an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Finally, Citigroup reiterated a "neutral" rating and set a $52.00 price objective (up from $37.00) on shares of Super Micro Computer in a research note on Friday, July 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of "Hold" and a consensus target price of $42.11.

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.