17,303 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Bought by Peterson Wealth Services

Peterson Wealth Services bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,303 shares of the company's stock, valued at approximately $592,000.

Several other institutional investors have also recently made changes to their positions in SMCI. Allspring Global Investments Holdings LLC grew 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 valued at $854,000 after acquiring an additional 302 shares during the last quarter. Wahed Invest LLC grew its holdings in shares of Super Micro Computer by 2.9% in the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after purchasing an additional 352 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Super Micro Computer by 0.3% in the first quarter. Victory Capital Management Inc. now owns 162,589 shares of the company's stock worth $5,567,000 after purchasing an additional 457 shares during the last quarter. Shelton Capital Management grew its holdings in shares of Super Micro Computer by 6.5% in the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after purchasing an additional 480 shares during the last quarter. Finally, IMG Wealth Management Inc. grew its holdings in shares of Super Micro Computer by 90.7% in the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock worth $36,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Down 0.5%

NASDAQ:SMCI traded down $0.27 during trading hours on Monday, hitting $51.50. 38,044,418 shares of the stock traded hands, compared to its average volume of 67,941,490. The firm has a 50 day moving average price of $44.89 and a 200 day moving average price of $39.38. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $80.88. The firm has a market cap of $30.74 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.37 and a beta of 1.43.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays reaffirmed an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Citigroup reiterated a "neutral" rating and issued a $52.00 price objective (up from $37.00) on shares of Super Micro Computer in a report on Friday, July 11th. Wedbush restated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Raymond James Financial started coverage on Super Micro Computer in a research note on Wednesday, June 25th. They set an "outperform" rating for the company. Finally, Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $42.89.

Insiders Place Their Bets

In other news, CEO Charles Liang sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the sale, the chief executive officer owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm's 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 directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock worth $29,949,340 over the last quarter. Company insiders own 17.60% of the company's stock.

Super Micro Computer 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.